Commodities Buzz: US Crude oil imports dip 4.1% on year in last four weeks, says EIA

US Energy Information Administration or EIA stated yesterday that crude oil refinery inputs averaged 17.1 million barrels per day during the week ending June 19, 2026, which was 81 thousand barrels per day less than the previous week’s average. Refineries operated at 96.1% of their operable capacity last week. Gasoline production decreased last week, averaging 9.5 million barrels per day. Distillate fuel production increased, averaging 5.2 million barrels per day. US crude oil imports averaged 5.6 million barrels per day last week, increased by 436 thousand barrels per day from the previous week.

According to EIA, over the past four weeks, crude oil imports averaged about 5.7 million barrels per day, 4.1% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 647 thousand barrels per day, and distillate fuel imports averaged 135 thousand barrels per day.

US commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.1 million barrels from the previous week. At 412.1 million barrels, US crude oil inventories are about 7% below the five-year average for this time of year. Total motor gasoline inventories increased by 2.1 million barrels from last week and are 5% below the five-year average for this time of year. Both finished gasoline and blending component inventories increased last week.

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