Key highlights from the Summary of Weekly Petroleum Data for the Week Ending May 12, 2017, published by the U.S. Energy Information Administration:
- U.S. crude oil refinery inputs averaged over 17.1 million barrels per day during the week ending May 12, 2017, 363,000 barrels per day more than the previous week’s average
- U.S. crude oil imports averaged 8.6 million barrels per day last week, up by 970,000 barrels per day from the previous week
- U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.8 million barrels from the previous week.
- At 520.8 million barrels, U.S. crude oil inventories are in the upper half of the average range for this time of year
- Total products supplied over the last four-week period averaged about 19.8 million barrels per day, down by 2.2% from the same period last year