API WEEKLY REPORT US CRUDE PETROLEUM INVENTORIES FALL BY 3.4 MILLION BARRELS ON WEEK

API WEEKLY REPORT US CRUDE PETROLEUM INVENTORIES FALL BY 3.4 MILLION BARRELS ON WEEK

U.S. inventories of crude petroleum fell by 3.4 million barrels during the week ended Sept. 8, compared with the previous week, the American Petroleum Institute's latest weekly supply bulletin shows.

Crude stocks were 308.8 million barrels, down from 312.2 million barrels in the previous week and lower than the 321.4 million barrels in inventory a year earlier.Primary inventories of distillate fuel oil, used as home heating and diesel fuel, rose to 129 million barrels from 127 million the previous week, but were lower than the 139.3 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 down to 195.9 million, compared with 196.2 million the prior week, and were less than the 209.4 million barrels of the year-earlier week.

Regular unleaded reformulated gasoline (RFG) stocks were 34.1 million barrels, down from 35.8 million barrels the previous week.

Distillate production was 3.3 million barrels a day, up from 3.2 million barrels a day in both the previous week and year-ago period.

Distillate fuel imports were 201,000 barrels a day, up from 71,000 barrels a day in the prior week and above year-earlier levels of 198,000 barrels a day.

The refinery utilization rate rose to 96.9 percent up from 94 percent in the previous week and was higher than the 96 percent of a year earlier.

Gasoline production was 7.6 million barrels a day, up from 7.5 million the previous week and higher than the 7.2 million barrels a day of gasoline produced in the similar period a year ago.

Imports of gasoline fell to 214,000 barrels a day from 353,000 barrels a day in the previous week, and were less than the 517,000 barrels a day imported a year earlier.

Crude oil imports were 8.7 million barrels a day, up from the previous week's 7.2 million and more than the 7.1 million barrels a day a year earlier.

Thousands of Barrels

Week Week Week

Ended Ended Ended

9-8 9-1 9-9

1995 1995 1994

Total U. S.

DAILY OUTPUT

Gasoline 7,557 7,502 7,169

Jet Fuel 1,492 1,459 1,527

Distillate 3,250 3,241 3,194

Residual 797 882 802

Average daily output for the four-week period ended Sept. 8, 1995 was: gasoline, 4,797; jet fuel, 947; distillate, 2,063 and residual, 802.

PRIMARY STOCKS

Gasoline 195,918 196,154 209,442

Jet Fuel 40,354 40,495 44,936

Distillate 128,959 126,944 139,334

Residual 37,521 37,468 40,402

Total 402,752 401,061 434,114

Excluding West Coast

DAILY OUTPUT

Gasoline 6,183 6,122 5,963

Jet Fuel 1,066 1,027 1,094

Distillate 2,732 2,784 2,761

Residual 604 681 578

PRIMARY STOCKS

Gasoline 168,850 169,326 181,674

Jet Fuel 32,394 32,585 37,243

Distillate 117,530 115,286 127,500

Residual 31,501 31,018 34,655

Total 350,275 348,215 381,072

East Coast

DAILY OUTPUT

Gasoline 740 800 625

Jet Fuel 104 100 86

Distillate 371 377 335

Residual 139 187 144

PRIMARY STOCKS

Gasoline 52,051 51,679 56,028

Jet Fuel 9,956 10,687 11,529

Distillate 55,149 52,870 64,343

Residual 14,518 13,886 17,033

Total 131,674 129,122 148,933

New England

PRIMARY STOCKS

Gasoline 3,931 4,323 5,084

Jet Fuel 834 758 844

Distillate 12,032 11,696 13,632

Residual 1,642 1,702 1,701

DAILY IMPORTS

Gasoline 71 154 183

Distillate 111 8 133

Residual __ 51 40

Central Atlantic

PRIMARY STOCKS

Gasoline 25,215 23,898 27,930

Jet Fuel 3,702 3,585 5,638

Distillate 31,480 30,533 36,789

Residual 10,398 10,054 13,329

DAILY IMPORTS

Gasoline 74 123 251

Distillate 43 24 2

Residual 112 67 172

Lower Atlantic

PRIMARY STOCKS

Gasoline 22,905 23,458 23,044

Jet Fuel 5,420 6,344 5,047

Distillate 11,637 10,641 13,922

Residual 2,478 2,130 2,003

DAILY IMPORTS

Gasoline 69 76 __

Distillate 24 30 __

Residual 172 __ 23

ESTIMATED U. S. OUTPUT

OF CRUDE AND CONDENSATE

Total

U.S. 6,472.0 6,430.0 6,563.0

Excl. W.

Coast 4,077.0 4,086.0 4,149.0

W. Coast 2,395.0 2,344.0 2,374.0

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

CRUDE OIL STOCKS

Total

U.S. 308,800 312,236 321,402

Excl. W.

Coast 243,531 247,145 258,939

. Stocks by location, not by state of origin.

DAILY REFINERY CRUDE RUNS

Total

U.S. 14,950 14,489 14,561

Excl. W.

Coast 12,172 11,845 11,784

TOTAL REFINERY INPUT

Total

U.S. 15,755 15,324 15,477

Excl. W.

Coast 12,893 12,532 12,699

DAILY OIL IMPORTS

Week Week Week

Ended Ended Ended

9-8-95 9-1-95 9-9-94

Excluding West Coast

Crude 8,344 6,733 7,037

(Canada

Crude) (714) (1,116) (940)

Distillate 193 68 139

Residual 148 122 247

Other 192 405 262

Total 9,359 7,572 8,179

West Coast

Crude 306 426 100

(Canada

Crude) (57) (75) (46)

Products 83 109 94

Total 389 535 174

Total U.S.

Crude 8,650 7,159 7,137

(Canada

Crude) (771) (1,191) (986)

Products 1,583 2,089 1,963

Total 10,233 9,248 9,100

*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 96.9

Excl. W. Coast 12,511 97.3

INDICATED REFINERY YIELDS**

Week Week Month

Ends Ends Ends

9-8 9-1 9-1

1995 1995 1995

Gasoline 48.7 48.8 48.3

Jet Fuel 9.5 9.6 9.5

Distillate 20.6 20.6 20.4

Residual 5.3 5.5 5.5

** Based on total refinery input.