Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending September 14, 2018:
  • Commercial crude oil inventories fell by 2.1 million barrels, with the largest declines seen in the Gulf Coast, down 1.6 million barrels.
  • Stockpiles in Cushing also dropped 1.25 million barrels last week.
  • Refinery utilization fell from 97.6% to 95.4% with crude runs also declining 2.5% to 17.42 million bbl/day.
  • Total US crude production recovered back up to 11.0 million bbl/day last week as output from the Lower 48 was restored back to 10.5 million bbl/day.
  • Crude imports increased almost almost 6% to 8.0 million bbl/day with exports rising almost 30% to 2.4 million bbl/day. Imports of Canadian crude increased 12% to 3.5 million bbl/day.
  • Gasoline stockpiles eased by 1.7 million barrels, reversing gains from the previous week. Imports were cut in half to 561,000 bbl/day, while exports were roughly unchanged at about 700,000 bbl/day.
  • Distillate inventories continue to build, gaining another 839,000 barrels. Consumption rose 26% to 4.1 million bbl/day, while exports dipped slightly to 1.33 million bbl/day.
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

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