U.S. crude inventories rose +16.0M bbl WoW in the week ending Feb 20, 2026, alongside weaker refinery activity.

• Crude refinery inputs fell to 15.7M bpd (-416k bpd WoW) with utilization at 88.6%, indicating softer refining operations.

• Gasoline production declined to 9.2M bpd and distillate output fell -136k bpd to 4.8M bpd, showing reduced fuel output.

• Crude imports rose to 6.7M bpd (+136k bpd WoW) and averaged 6.5M bpd over four weeks (+4.9% YoY), pointing to higher import volumes than last year.

• Commercial crude inventories increased to 435.8M bbl (+16.0M WoW) but remained ~3% below the five-year average, keeping stocks relatively tight seasonally.

• Gasoline inventories decreased -1.0M bbl and sit ~3% above the five-year average, while distillate inventories rose +0.3M bbl but remain ~5% below average.

• Propane/propylene inventories fell -1.7M bbl and remain ~46% above the five-year average, indicating still-elevated supply levels.

• Total petroleum inventories increased +11.2M bbl WoW, while products supplied averaged 21.4M bpd over four weeks (+5.4% YoY), with gasoline +1.0% YoY, distillate +4.0% YoY, and jet fuel +3.2% YoY.