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Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending August 25, 2017:
  • US commercial crude oil stockpiles declined another 5.4 million barrels last week, the ninth consecutive weekly drawdown.
  • Continuing on the trend of the past few months, most of those declines were seen in the Gulf Coast, where 4.1 million barrels were taken out of storage.
  • Imports of crude declined over 10% to 7.9 million bbl/day while crude exports dipped slightly to 900,000 bbl/day.
  • Crude oil production out of the Lower 48 fell 12,000 bbl/day while output from Alaska rose 14,000 bbl/day. Note that the Lower 48 includes the Gulf of Mexico, where some offshore production was taken offline ahead of Hurricane Harvey.
  • A record volume of petroleum products were consumed last week, up almost 4% from the previous week to 21.4 million bbl/day. Product imports jumped almost 40% to 2.6 million bbl/day while exports rose slightly to 4.5 million bbl/day.
 
QUICK LINKS:
  Inventories - crude oil, gasoline & distillate inventories
  Crude production & rig counts
  Crude balance - production, imports, exports, refinery runs
  Product balance - production, imports, exports, consumption
  US imports of Canadian crude
  Download weekly data - inventories, production & trade
INVENTORIES
INVENTORIES (thousand barrels)

PADD 1: EAST COAST • PADD 2: MIDWEST • PADD 3: GULF COAST • PADD 4: ROCKY MNTS • PADD 5: WEST COAST

COMMERCIAL CRUDE OIL INVENTORIES

GASOLINE & DISTILLATE INVENTORIES


CRUDE PRODUCTION & TRADE BALANCE
CRUDE OIL BALANCE (thousand bbl/day)

CRUDE BALANCE VS INVENTORIES

CRUDE OIL PRODUCTION VS RIG COUNTS

CRUDE OIL PRODUCTION & IMPORTS

WEEKLY CANADIAN IMPORTS

US CRUDE OIL EXPORTS


PRODUCT BALANCE
PRODUCTS (thousand bbl/day)

PRODUCT IMPORTS & EXPORTS

TOTAL PRODUCTS CONSUMPTION

DATA DOWNLOAD
US Energy Statistics • Weekly
250.00
  • Weekly US inventories:
    • Crude oil inventories by PADD incl. Cushing
    • SPR crude stockpiles
    • Total gasoline & distillate inventories
  • Crude oil production:
    • Lower 48 (incl. Gulf of Mexico) & Alaska
    • Rig counts (oil & gas)
  • Crude oil trade balance:
    • Production, imports, exports and refinery runs
  • Product balance:
    • Gasoline & distillates production, imports, exports
    • Total product consumption, imports & exports
  • Weekly data: Jan 2005 to previous week
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UPDATED: EVERY WEDNESDAY
NOTES:
CRUDE/PRODUCT BALANCE = PRODUCTION + IMPORTS − EXPORTS − CONSUMPTION
SOURCES:
THE US ENERGY INFORMATION ADMINISTRATION (EIA)
WEEKLY RIG COUNTS PROVIDED BY BAKER HUGHES
Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

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