Crude Inventory Fell 8.3 Million Barrels Last Week - EIA

• Crude Inventory -8.26M Barrels vs -3.69M Expected
• Cushing -1.6M
• Gasoline -906K vs -759K Expected
• Distillate 951K vs -484K Expected

Summary of Weekly Petroleum Data for the week ending June 12, 2026

U.S. crude oil refinery inputs averaged 17.2 million barrels per day during the week ending June 12, 2026, which was 230 thousand barrels per day more than the previous week’s average. Refineries operated at 96.7% of their operable capacity last week. Gasoline production increased last week, averaging 10.1 million barrels per day. Distillate fuel production decreased, averaging 5.2 million barrels per day.

U.S. crude oil imports averaged 5.1 million barrels per day last week, decreased by 754 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 5.7 million barrels per day, 7.2% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 738 thousand barrels per day, and distillate fuel imports averaged 127 thousand barrels per day.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 8.3 million barrels from the previous week. At 418.2 million barrels, U.S. crude oil inventories are about 6% below the five-year average for this time of year. Total motor gasoline inventories decreased by 0.9 million barrels from last week and are 6% below the five-year average for this time of year. Finished gasoline inventories slightly increased, while blending component inventories decreased last week. Distillate fuel inventories increased by 1.0 million barrels last week and are about 13% below the five-year average for this time of year. Propane/propylene inventories increased by 3.0 million barrels from last week and are 36% above the five-year average for this time of year. Total commercial petroleum inventories decreased by 7.9 million barrels last week.

Total products supplied over the last four-week period averaged 20.6 million barrels per day, up by 3.3% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 8.9 million barrels per day, down by 1.1% from the same period last year. Distillate fuel product supplied averaged 3.7 million barrels per day over the past four weeks, up by 5.5% from the same period last year. Jet fuel product supplied was down 0.2% compared with the same four-week period last year.

You May Also Be Interested In

• US Authorizes Sales Of Some Iran Crude Oil Via Waiver - Bloomberg
• Bernstein SocGen on Amrize Ltd (AMRZ): 'Key takeaways from our pre-Q2 conversation with IR'
• KeyBanc on Advanced Drainage Systems (WMS): 'nderappreciated Outgrowth'