Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending February 23, 2018:
  • US commercial crude oil inventories increased by 3.0 million barrels thanks to a 4.6 million barrel gain in the Gulf Coast. Stockpiles at Cushing continue to fall, declining another 1.2 million barrels last week.
  • Crude production ticked up 13,000 bbl/day to 10.28 million bbl/day.
  • Total crude exports sank 30% to 1.4 million bbl/day while imports rose almost 4% to 7.3 million bbl/day.
  • Imports of Canadian crude increased 6% to 3.4 million bbl/day.
  • Refinery throughput was roughly unchanged at 15.9 million bbl/day while utilization rates dipped from 88.1% to 87.8%. East Coast refineries reported an increase in utilization rates, rising from 79.9% to 85.3%, while the Midwest declined from 90.4% to 87.3%.
  • Gasoline stockpiles continue to rise, gaining another 2.5 million barrels last week. Since the lows of last November, gasoline inventories are now up almost 50 million barrels.
  • Gasoline production decreased 7% to 9.4 million bbl/day while exports declined over 40% by 382,000 bbl/day. Gasoline consumption declined to less than 8.9 million/day.
  • Distillate production was roughly unchanged at 4.5 million bbl/day, while consumption fell 7% to 3.9 million bbl/day. Distillate stockpiles saw a drawdown by 960,000 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
DATA DOWNLOAD
WEEKLY PETROLEUM DATA:
• Inventories & trade data
• Production & oil rig counts
• Weekly data from Jan 2005

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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