U.S. crude oil refinery inputs averaged 15.7 million barrels per day during the week ending March 6, 2020 which was 5,000 barrels per day more than the previous week’s average. Refineries operated at 86.4% of their operable capacity last week. Gasoline production increased last week, averaging 10.0 million barrels per day. Distillate fuel production increased last week, averaging 4.7 million barrels per day.
U.S. crude oil imports averaged 6.4 million barrels per day last week, up by 174,000 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.4 million barrels per day, 6.5% less than the same four-week period last year.
Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 710,000 barrels per day, and distillate fuel imports averaged 308,000 barrels per day.
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U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 7.7 million barrels from the previous week. At 451.8 million barrels, U.S. crude oil inventories are about 2% below the five year average for this time of year. Total motor gasoline inventories decreased by 5.0 million barrels last week and are about 1% above the five year average for this time of year.
Finished gasoline and blending components inventories both decreased last week. Distillate fuel inventories decreased by 6.4 million barrels last week and are about 10% below the five year average for this time of year. Propane/propylene inventories decreased by 2.9 million barrels last week and are about 34% above the five year average for this time of year. Total commercial petroleum inventories decreased last week by 7.6 million barrels last week.
Total products supplied over the last four-week period averaged 20.7 million barrels a day, down by 1.1% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 9.1 million barrels a day, up by 1.7% from the same period last year.
Distillate fuel product supplied averaged 4.0 million barrels a day over the past four weeks, down by 1.4% from the same period last year. Jet fuel product supplied was down 12.8% compared with the same four-week period last year.
कच्चे तेल पर दुनिया भर में कोहराम मचा है। उत्पादन कटौती पर सहमति ना बनने के बाद सऊदी अरब और रूस में प्राइस वॉर छिड़ गया है क्रूड ही नहीं बाकी बाजारों में भी भारी गिरावट देखने को मिल रही है। ओपेक और रूस में उत्पादन कटौती पर सहमति ना बनने से ब्रेंट में 30 फीसदी की गिरावट हुई है जो 1991 के बाद सबसे बड़ी गिरावट है।
कच्चे तेल में प्राइस वॉर के चलते ब्रेंट में करीब 30 फीसदी की गिरावट नजर आ रही है और ये 32 डॉलर के करीब आ गया है। क्रूड फरवरी, 2016 के बाद सबसे निचले स्तर पर दिख रहा है। रूस ने उत्पादन में ज्यादा कटौती से इंकार कर दिया है। बता दें कि OPEC ने 15 लाख bpd और कटौती का प्रस्ताव दिया था। सऊदी अरब और रूस में मार्केट शेयर की लड़ाई हो रही है। सऊदी अरब ने क्रूड पर 20 फीसदी तक डिस्काउंट दिया है। सउदी अरब अप्रैल में 10 mbpd से ज्यादा उत्पादन करेगा। सऊदी अरब का मौजूदा उत्पादन 9.7 mbpd। रूस ने कहा है कि उत्पादन कोटा की परवाह नहीं करेंगे।