Commodities Buzz: US Crude oil imports slide around 12% on year in last four weeks, says EIA

The US crude oil refinery inputs averaged 17.1 million barrels per day during the week ending July 10, 2026, which was 99 thousand barrels per day more than the previous week’s average. Refineries operated at 96.2% of their operable capacity last week. Gasoline production decreased last week, averaging 9.6 million barrels per day. Distillate fuel production increased, averaging 5.3 million barrels per day.

EIA noted that US crude oil imports averaged 5.7 million barrels per day last week, increasing by 60 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 5.5 million barrels per day, 12.2% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 354 thousand barrels per day, and distillate fuel imports averaged 93 thousand barrels per day.

The US commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.7 million barrels from the previous week. At 409.7 million barrels, US crude oil inventories are about 6% below the five-year average for this time of year. Total motor gasoline inventories decreased by 1.5 million barrels from last week and are 8% below the five-year average for this time of year. Both finished gasoline and blending component inventories decreased last week.

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