21-Feb-2025

Commodities Buzz: US crude oil imports ease 0.6% on year over last four weeks

Energy Information Administration or EIA stated in a latest update yesterday that US crude oil refinery inputs averaged 15.4 million barrels per day during the week ending February 14, 2025, which was 15 thousand barrels per day less than the previous week's average. Refineries operated at 84.9% of their operable capacity last week. Gasoline production decreased last week, averaging 9.2 million barrels per day. Distillate fuel production increased last week, averaging 4.7 million barrels per day. U.S. crude oil imports averaged 5.8 million barrels per day last week, decreased by 488 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.4 million barrels per day, 0.6% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 346 thousand barrels per day, and distillate fuel imports averaged 267 thousand barrels per day. Total products supplied over the last four-week period averaged 20.4 million barrels a day, up by 3.7% from the same period last year.

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