Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending March 2, 2018:
  • US commercial crude oil inventories increased by 2.4 million barrels, once again on big gains in the Gulf Coast. Stockpiles at Cushing continue to fall, declining another 605,000 barrels last week.
  • Crude production rose 86,000 bbl/day to almost 10.37 million bbl/day, another new record high.
  • Total crude exports increased 4% to 1.5 million bbl/day while imports rose almost 10% to 8.0 million bbl/day.
  • Imports of Canadian crude nudged 1% higher to 3.44 million bbl/day.
  • Refinery throughput was roughly unchanged at 15.9 million bbl/day with utilization rates increasing slightly to 88%. East Coast refineries reported a decrease in utilization, falling from 85.3% to 79.1%,.
  • Gasoline stockpiles decreased by 788,000 barrels last week, the first drop since late January.
  • Gasoline production increased 6% to 9.9 million bbl/day with imports and exports both rising to 608,000 and 760,000 bbl/day, respectively. Gasoline consumption also rose 5% to almost 9.3 million/day.
  • Distillate stockpiles decreased by 559,000 barrels last week while production rose 3% to almost 4.6 million bbl/day.
  • Total product consumption rose 3% to 20.5 million bbl/day. Total product imports increased 42% to 2.6 million bbl/day while exports fell 16% to 4.9 million bbl/day.
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

US CRUDE OIL PRODUCTION VS RIG COUNTS

US CRUDE OIL IMPORTS & EXPORTS

US IMPORTS OF CANADIAN CRUDE


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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