API WEEKLY REPORT US CRUDE INVENTORIES DECLINE

API WEEKLY REPORT US CRUDE INVENTORIES DECLINE

U.S. inventories of crude oil fell by 500,000 barrels during the week ended Sept. 22, compared with the previous week, the American Petroleum Institute's latest weekly supply bulletin shows.

Crude stocks were 307 million barrels, down from 307.5 million barrels in the previous week and lower than the 328 million barrels in inventory a year earlier.Primary inventories of distillate fuel oil, used as home heating and diesel fuel, fell to 131.3 million from 133.5 million barrels the previous week, and were lower than the 142.1 million barrels on hand in the similar period a year earlier.

Primary stocks are those held by refiners, importers and at pipeline terminals. They do not reflect stocks held by jobbers, retailers or consumers.

Primary inventories of gasoline were up to 196 million barrels, compared with 194.7 million the prior week, but were less than the 209.6 million barrels of the year-earlier week.

Regular unleaded reformulated gasoline (RFG) stocks were 33.1 million barrels, up from 31.4 million barrels the previous week.

Distillate production was 3.2 million barrels a day, down from 3.3 million the previous week and less than the 3.4 million barrels a year earlier.

Distillate fuel imports were 126,000 barrels a day, up from 76,000 barrels a day in the prior week but below year-earlier levels of 198,000 barrels a day.

The refinery utilization rate fell to 94 percent, down from 95.7 percent in the previous week but up from from 93.6 percent a year earlier.

Gasoline production was 7.8 million barrels a day, unchanged from the previous week but higher than the 7.4 million barrels a day of gasoline produced in the similar period a year ago.

Imports of gasoline rose to 332,000 barrels a day from 121,000 barrels a day in the previous week, but were less than the 355,000 barrels a day imported a year earlier.

Crude oil imports were 7.3 million barrels a day, down from the previous week's 8 million but more than the 7.1 million barrels a day a year earlier.

Thousands of Barrels

Week Week Week

Ended Ended Ended

9-22 9-15 9-23

1995 1995 1994

Total U. S.

DAILY OUTPUT

Gasoline 7,791 7,794 7,360

Jet Fuel 1,463 1,492 1,460

Distillate 3,245 3,329 3,350

Residual 836 838 778

Average daily output for the four-week period ended Sept. 22, 1995 was: gasoline, 5,066; jet fuel, 951; distillate, 2,110 and residual, 544.

PRIMARY STOCKS

Gasoline 195,956 194,705 209,580

Jet Fuel 40,805 40,622 44,858

Distillate 131,294 133,527 142,090

Residual 37,847 36,935 40,506

Total 405,902 405,789 437,034

Excluding West Coast

DAILY OUTPUT

Gasoline 6,408 6,408 6,043

Jet Fuel 1,073 1,076 1,095

Distillate 2,778 2,840 2,901

Residual 611 620 499

PRIMARY STOCKS

Gasoline 168,891 166,943 181,064

Jet Fuel 32,901 32,240 36,877

Distillate 120,220 121,961 131,053

Residual 31,228 30,567 35,050

Total 353,240 351,711 384,044

East Coast

DAILY OUTPUT

Gasoline 811 735 706

Jet Fuel 96 93 89

Distillate 439 431 453

Residual 181 181 149

PRIMARY STOCKS

Gasoline 50,646 50,785 54,974

Jet Fuel 10,329 10,425 12,335

Distillate 56,810 56,042 66,208

Residual 15,025 14,390 17,284

Total 132,810 131,642 150,801

New England

PRIMARY STOCKS

Gasoline 3,623 3,198 4,855

Jet Fuel 554 539 845

Distillate 12,558 12,673 14,726

Residual 2,010 1,434 1,894

DAILY IMPORTS

Gasoline 183 69 108

Distillate 54 43 46

Residual 43 57 38

Central Atlantic

PRIMARY STOCKS

Gasoline 24,636 25,051 26,390

Jet Fuel 3,762 3,520 5,670

Distillate 32,025 32,188 37,887

Residual 10,710 10,311 13,492

DAILY IMPORTS

Gasoline 143 __ 19

Distillate 58 3 69

Residual 40 __ 20

Lower Atlantic

PRIMARY STOCKS

Gasoline 22,387 22,536 23,729

Jet Fuel 6,013 6,366 5,820

Distillate 12,227 11,181 13,595

Residual 2,305 2,645 1,898

DAILY IMPORTS

Gasoline 6 52 163

Distillate __ 20 52

Residual __ __ 175

ESTIMATED U. S. OUTPUT

OF CRUDE AND CONDENSATE

Total

U.S. 6,472.0 6,472.0 6,523.0

Excl. W.

Coast 4,077.0 4,077.0 4,149.0

W. Coast 2,395.0 2,395.0 2,374.0

Figures for production by state published at the end of each month.

CRUDE OIL STOCKS

Total

U.S. 307,027 307,544 328,025

Excl. W.

Coast 240,148 244,126 262,678

. Stocks by location, not by state of origin.

DAILY REFINERY CRUDE RUNS

Total

U.S. 14,497 14,752 14,206

Excl. W.

Coast 12,035 12,167 11,752

TOTAL REFINERY INPUT

Total

U.S. 15,378 15,664 15,320

Excl. W.

Coast 12,736 12,993 12,701

DAILY OIL IMPORTS

Week Week Week

Ended Ended Ended

9-22-95 9-15-95 9-23-94

Excluding West Coast

Crude 7,220 7,613 6,772

(Canada

Crude) (1,015) (983) (842)

Distillate 121 72 172

Residual 85 60 243

Other 234 258 319

Total 8,017 8,112 7,702

West Coast

Crude 60 352 285

(Canada

Crude) (44) (108) (101)

Products 105 44 65

Total 165 396 350

Total U.S.

Crude 7,280 7,965 7,057

(Canada

Crude) (1,059) (1,091) (943)

Products 1,520 1,437 1,722

Total 8,800 9,402 8,779

*Denotes revised figures.

NOTE: Jet fuel figures are for kerosene-type only. No. 4 oil included in distillate stocks figures, but not in distillate production.

INPUT CAPACITY TO

CRUDE PROCESSING UNITS

Oper-

Oper- ating

ating Utilizing

Capacity Rate %

Total U.S. 15,422 94.0

Excl. W. Coast 12,511 96.2

INDICATED REFINERY YIELDS**

Week Week Month

Ends Ends Ends

9-22 9-15 9-15

1995 1995 1995

Gasoline 49.3 48.7 48.7

Jet Fuel 9.5 9.5 9.5

Distillate 21.0 20.9 21.0

Residual 5.4 5.3 5.3

** Based on total refinery input.