Commodities Buzz: US Crude oil imports slide 16.5% on year in last four weeks

The US crude oil refinery inputs averaged 16.9 million barrels per day during the week ending June 13, 2025, which was 365 thousand barrels per day less than the previous week’s average. Refineries operated at 93.2% of their operable capacity last week. Gasoline production increased last week, averaging 10.1 million barrels per day. Distillate fuel production increased by 77 thousand barrels per day last week, averaging 5 million barrels per day.

US crude oil imports averaged 5.5 million barrels per day last week, decreased by 672 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.1 million barrels per day, 16.5% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 960 thousand barrels per day, and distillate fuel imports averaged 153 thousand barrels per day.

EIA noted that the US commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 11.5 million barrels from the previous week. At 420.9 million barrels, US crude oil inventories are about 10% below the five-year average for this time of year. Total motor gasoline inventories increased by 0.2 million barrels from last week and are about 2% below the five-year average for this time of year. Finished gasoline inventories increased and blending components inventories decreased last week.

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