Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending Apr 13, 2018:
  • Commercial crude oil inventories declined by 1.1 million barrels, with the largest drops seen in the Gulf Coast (down 1.5 million barrels) and Cushing (down 1.1 million barrels).
  • Crude production rose by another 15,000 bbl/day last week to a new record high of 10.54 million bbl/day. Production out of the Lower 48 jumped by 25,000 bbl/day while Alaska saw another 10,000 bbl/day decline.
  • Crude oil imports dropped 8% to 7.9 million bbl/day while exports increased by 45% to 1.75 million bbl/day. Imports of Canadian crude increased 4% to 3.5 million bbl/day.
  • Refinery throughput dropped by 70,000 bbl/day to 16.9 million bbl/day with overall refinery utilization declined to 92.4%.
  • Gasoline stockpiles fell by 3 million barrels last week. Imports increased 8% to 705,000 bbl/day while exports declined 18% to 647,000 bbl/day. Consumption rose 6% to 9.9 million bbl/day.
  • Distillate stockpiles also fell by about 3 million barrels as production dropped 3% to 5.1 million bbl/day. Exports decreased 5.5% to 1.3 million bbl/day while consumption rose 4.5% to 4.4 million bbl/day
  • Total product consumed remains seasonally strong, rising 8% to 21.4 million bbl/day. Imports declined 3% to 1.8 million bbl/day while exports dipped to 5 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

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