U.S. crude inventories fell -9.0M bbl (vs +2.1M bbl expected) WoW in the week ending Feb 13, 2026, alongside stronger refinery activity and firm product demand.

• Crude refinery inputs rose to 16.1M bpd (+77k bpd WoW) with utilization at 91.0%, indicating slightly stronger refining activity.

• Gasoline production increased to 9.4M bpd and distillate output rose +28k bpd to 4.9M bpd, showing firmer refined fuel production.

• Crude imports fell to 6.5M bpd (-281k bpd WoW) and averaged 6.3M bpd over four weeks (-1.3% YoY), pointing to somewhat lower import volumes versus last year.

• Commercial crude inventories declined -9.0M bbl to 419.8M bbl and remained ~5% below the five-year average, keeping crude stocks relatively tight seasonally.

• Gasoline inventories dropped -3.2M bbl and sit ~3% above the five-year average, while distillate inventories fell -4.6M bbl and are ~5% below average, indicating mixed product stock conditions.

• Propane/propylene inventories decreased -3.1M bbl but remain ~39% above the five-year average, showing still-elevated supply in that category.

• Total petroleum inventories fell -19.1M bbl WoW, and total products supplied averaged 21.2M bpd over four weeks (+4.1% YoY), with gasoline +1.5% YoY, distillate +2.5% YoY, and jet fuel -1.9% YoY, indicating overall stronger fuel demand with weaker aviation consumption.