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Crude Inventory -4.5M Barrels vs -1.1M Expected
U.S. crude oil refinery inputs averaged 16.0 million barrels per day during the week ending July 22, 2022 which was 292,000 barrels per day less than the previous week’s average. Refineries operated at 92.2% of their operable capacity last week. Gasoline production increased last week, averaging 9.7 million barrels per day. Distillate fuel production decreased last week, still averaging 5.0 million barrels per day. U.S. crude oil imports averaged 6.2 million barrels per day last week, decreased by 0.4 million barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.6 ... (full story)