Commodities Buzz: US Crude oil imports dip 6.3% on year in last four weeks

Energy Information Administration or EIA stated in a latest update that crude oil refinery inputs averaged 16.8 million barrels per day during the week ending July 11, 2025, which was 158 thousand barrels per day less than the previous week’s average. Refineries operated at 93.9% of their operable capacity last week. Gasoline production decreased last week, averaging 9.1 million barrels per day. Distillate fuel production decreased by 109 thousand barrels per day last week, averaging 5 million barrels per day.

The US crude oil imports averaged 6.4 million barrels per day last week, increased by 366 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.3 million barrels per day, 6.3% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 624 thousand barrels per day, and distillate fuel imports averaged 146 thousand barrels per day.

EIA noted that the US commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.9 million barrels from the previous week. At 422.2 million barrels, US crude oil inventories are about 8% below the five-year average for this time of year. Total motor gasoline inventories increased by 3.4 million barrels from last week and are slightly above the five-year average for this time of year.

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