EIA Weekly Petroleum Report - Jan 21

[dan_s]

No sign of an oil GLUT in the U.S.

Summary of Weekly Petroleum Data for the week ending January 9, 2026

U.S. crude oil refinery inputs averaged 17.0 million barrels per day during the week ending
January 9, 2026, which was 48 thousand barrels per day more than the previous week’s average.
Refineries operated at 95.3% of their operable capacity last week. Gasoline production increased
last week, averaging 9.0 million barrels per day. Distillate fuel production decreased by 18
thousand barrels per day last week, averaging 5.3 million barrels per day.

U.S. crude oil imports averaged 7.1 million barrels per day last week, increased by 752 thousand
barrels per day from the previous week. Over the past four weeks, crude oil imports averaged
about 6.1 million barrels per day, 5.7% less than the same four-week period last year. Total
motor gasoline imports (including both finished gasoline and gasoline blending components) last
week averaged 448 thousand barrels per day, and distillate fuel imports averaged 220 thousand
barrels per day.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve)
increased by 3.4 million barrels from the previous week. At 422.4 million barrels, U.S. crude oil
inventories are about 3% below the five year average for this time of year. Total motor gasoline
inventories increased by 9.0 million barrels from last week and are about 4% above the five year
average for this time of year. Finished gasoline inventories decreased, while blending
components inventories increased last week. Distillate fuel inventories slightly decreased last
week and are about 4% below the five year average for this time of year. Propane/propylene
inventories decreased 2.4 million barrels from last week and are about 33% above the five year
average for this time of year. Total commercial petroleum inventories increased by 6.2 million
barrels last week.

Total products supplied over the last four-week period averaged 20.0 million barrels a day, 1.1%
below the same period last year. Over the past four weeks, motor gasoline product supplied
averaged 8.5 million barrels a day, similar to the same period last year. Distillate fuel product
supplied averaged 3.7 million barrels a day over the past four weeks, up by 2.2% from the same
period last year. Jet fuel product supplied was up 4.2% compared with the same four-week
period last year.