Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending February 9, 2018:
  • US commercial crude oil inventories rose by 1.8 million barrels, once again on large builds in the Gulf Coast (up 6.1 million barrels). The Cushing tank farm in Oklahoma saw a drawdown of 3.6 million barrels.
  • Crude production rose 20,000 bbl/day to a new record high of 10.27 million bbl/day.
  • Total crude exports rose 2.7% to 1.3 million bbl/day while imports were roughly unchanged at 7.9 million bbl/day. Imports of Canadian crude dipped 2.6% to 3.5 million bbl/day.
  • Refinery throughput dropped to 16.2 million bbl/day as refinery utilization declined to 89.8%, down from 92.5% the previous week. East Coast refineries reported the biggest declines (falling from 96.2% to 84.7%), as did the Gulf Coast (down to 89.4% from 92.7%).
  • Gasoline production fell 5% to 9.6 million bbl/day. Gasoline stockpiles continue to build, gaining another 3.6 million barrels last week.
  • Distillate production also declined 6% to 4.8 million bbl/day but consumption improved 8% to 4.1 million bbl/day, resulting in a stockpile drawdown of 459,000 barrels.
 
QUICK LINKS:
  Inventories - crude oil, gasoline & distillate inventories
  Crude production & rig counts
  Crude balance - production, imports, exports, refinery runs
  US imports of Canadian crude
  Gasoline balance - production, imports, exports, consumption
  Distillate balance - production, imports, exports, consumption
  Total products balance - imports, exports, consumption
  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
GASOLINE BALANCE (thousand bbl/day)

GASOLINE BALANCE VS INVENTORIES

DISTILLATE BALANCE (thousand bbl/day)

DISTILLATE BALANCE VS INVENTORIES

TOTAL PRODUCTS (thousand bbl/day)

PRODUCT IMPORTS & EXPORTS

TOTAL PRODUCTS CONSUMPTION
UPDATED: EVERY WEDNESDAY (THURSDAY DURING HOLIDAY MONDAYS)
NOTES:
CRUDE/DISTILLATE BALANCE = PRODUCTION + IMPORTS − EXPORTS − CONSUMPTION
GASOLINE BALANCE INCLUDES ADJUSTMENT FOR BLENDING COMPONENTS
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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