Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending Aug 3, 2018:
  • Commercial crude oil inventories declined by 1.4 million barrels, with drawdowns seen on the East Coast, Gulf Coast and Midwest.
  • Inventories continue to fall at the Cushing storage hub in Oklahoma, declining another 590,000 barrels last week.
  • Refinery utilization continues to improve, rising from 96.1% to 96.6%, mostly on gains in the Gulf Coast. Utilization rates in the Rocky Mountains (PADD 4) dropped from 96.2% to 85.4%, while Midwest refineries are running near 100% of capacity.
  • Refinery runs rose 118,000 bbl/day to 17.6 million bbl/day.
  • Lower output from the Lower 48 dented total US crude production by 100,000 to 10.8 million bbl/day.
  • Crude imports rose 182,000 bbl/day to 7.9 million bbl/day while exports rose 41% to 1.85 million bbl/day. Imports of Canadian crude increased 81,000 bbl/day to 3.43 million bbl/day.
  • Gasoline stockpiles rose 2.8 million barrels, the first increase since late June. Gasoline production and consumption both dipped about 5% last week.
  • Distillate inventories continue to rise, gaining another 1.2 million barrels.
QUICK LINKS:
  Inventories - crude oil, gasoline & distillate inventories
  Refinery utilization by PADD
  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

REFINERY UTILIZATION


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 PETROLEUM PRODUCTS (thousand bbl/day)

IMPORTS & EXPORTS OF PETROLEUM PRODUCTS

TOTAL PRODUCTS CONSUMED

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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