EIA: commercial crude oil inventories increased by 2 million barrels

Published by Ellie Brosnan, Editorial Assistant
Tanks and Terminals, Thursday, 23 July 2026 11:00

For the week ending 17 July 2026, commercial crude oil inventories (excluding the Strategic Petroleum Reserve) increased 2.0 million barrels to 411.7 million barrels, 6% below the previous five-year (2021 - 2025) average. Gasoline inventories increased 0.8 million barrels, 7% below the five-year average. Distillate inventories increased 1.4 million barrels, 10% below the five-year average. Propane/propylene inventories increased 6.3 million barrels, 34% above the five-year average. Total commercial petroleum inventories increased by 11.6 million barrels for the week, the US Energy Information Administration (EIA) has reported.

US refineries operated at 96.1% capacity utilisation, processing 17.1 million bpd, down 58,000 bpd from the previous week. Gasoline output averaged 9.7 million bpd, and distillate production increased to 5.3 million bpd.

Crude oil imports increased 117 000 bpd to 5.8 million bpd, although the four-week average of 5.6 million bpd is 11% less than a year ago. Gasoline imports averaged 494 000 bpd; distillate imports averaged 173 000 bpd.

Over the past four weeks, total product demand averaged 20.4 million bpd, down 1% year over year. Gasoline demand increased 1% to 8.9 million bpd, while distillate demand increased 2% to 3.7 million bpd. Jet fuel demand increased 9% year over year. The increase demand for transportation fuels was offset by decreasing demand in residual fuel oil, propane, and other oils.

Read the article online at: https://www.tanksterminals.com/storage-tanks/23072026/eia-commercial-crude-oil-inventories-increased-by-2-million-barrels/