EIA: US commercial crude stocks rose less than expected as refineries ramp up operating ratesEIA: US commercial crude stocks rose less than expected as refineries ramp up operating rates |
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The latest data from the Energy Information Administration (EIA) showed the commercial crude inventories in the US built up just 533,000 barrels in the week ending 20 January 2023 – less than the 1 million barrels forecasted as refineries in the country continued to ramp up operating rates after the winter storm.
Data showed that refineries operated at 86.1% of their operable capacity last week, up 0.8% from the prior week.
Gasoline inventories – an indicator of the demand, however, rose 1.8 million barrels during the week to 232 million barrels.
Distillate stockpiles were down 0.5 million barrels.