United States commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), declines by 7.2 million barrels from the week ending July 17 to the week ending July 24.
The US Energy Information Administration (EIA) in its latest weekly petroleum status report released on July 29 and included data for the week ending July 24, said crude oil stocks, not including the SPR, stood at 404.5 million barrels on July 24, 411.7 million barrels on July 17, and 426.7 million barrels on July 25, 2025. Crude oil in the SPR stood at 307.7 million barrels on July 29, 311.4 million barrels on July 17, and 402.7 million barrels on July 25, 2025, the report outlined.
Total petroleum stocks – including crude oil, total motor gasoline, fuel ethanol, kerosene type jet fuel, distillate fuel oil, residual fuel oil, propane/propylene, and other oils – stood at 1.526 billion barrels on July 24, the report showed.
Total petroleum stocks were down 7.5 million barrels week on week and down 134.2 million barrels year on year, the report revealed.
“At 404.5 million barrels, U.S. crude oil inventories are about six percent below the five-year average for this time of year,” the EIA said in its latest weekly petroleum status report.
“Total motor gasoline inventories slightly increased from last week and are seven percent below the five-year average for this time of year. Finished gasoline inventories increased, while blending component inventories decreased last week.
“Distillate fuel inventories increased by 1.1 million barrels last week and are about 10 percent below the five-year average for this time of year. Propane/propylene inventories increased by 2.5 million barrels from last week and are 34 percent above the five-year average for this time of year,” it said.
US crude oil refinery inputs averaged 17.3 million barrels per day during the week ending July 24, according to the EIA’s report, which noted that this was 271,000 barrels per day more than the previous week’s average.
“Refineries operated at 97.2 percent of their operable capacity last week.
“Gasoline production increased last week, averaging 9.9 million barrels per day. Distillate fuel production increased, averaging 5.4 million barrels per day,” the EIA revealed in the report.
US crude oil imports averaged 5.7 million barrels per day last week, the report noted, outlining that this was a decrease of 124,000 barrels per day from the previous week.
“Over the past four weeks, crude oil imports averaged about 5.7 million barrels per day, seven percent less than the same four-week period last year.
“Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 659,000 barrels per day, and distillate fuel imports averaged 98,000 barrels per day,” the EIA report said.
Total products supplied over the last four-week period averaged 20.3 million barrels per day, the EIA stated in its report, noting that this was down by 2.3 percent from the same period last year.
“Over the past four weeks, motor gasoline product supplied averaged 8.9 million barrels per day, down by 0.3 percent from the same period last year.
“Distillate fuel product supplied averaged 3.7 million barrels per day over the past four weeks, up by 4.7 percent from the same period last year. Jet fuel product supplied was up 5.8 percent compared with the same four-week period last year,” it added.
