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Commodities Buzz: US Crude oil imports drop 7.1% on year in last four weeks

24-Jul-2025 | 13:03

The US Energy Information Administration or EIA stated yesterday that US crude oil refinery inputs averaged 16.9 million barrels per day during the week ending July 18, 2025, which was 87 thousand barrels per day more than the previous week’s average. Refineries operated at 95.5% of their operable capacity last week. Gasoline production increased last week, averaging 9.4 million barrels per day. Distillate fuel production increased by 95 thousand barrels per day last week, averaging 5.1 million barrels per day.

EIA noted that US crude oil imports averaged 6 million barrels per day last week, decreased by 403 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.3 million barrels per day, 7.1% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 606 thousand barrels per day, and distillate fuel imports averaged 115 thousand barrels per day.

The US commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.2 million barrels from the previous week. At 419 million barrels, US crude oil inventories are about 9% below the five-year average for this time of year. Total motor gasoline inventories decreased by 1.7 million barrels from last week and are slightly above the five-year average for this time of year. Both finished gasoline inventories and blending components inventories decreased last week.

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