Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending November 3, 2017:
  • Total commercial crude oil stockpiles unexpectedly rose 2.2 million barrels last week.
  • About 1.6 million barrels were added in the Gulf Coast. The West Coast added 898,000 barrels while the Rocky Mountains region saw a 650,000 barrel increase. Cushing also saw a gain of about 720,000 barrels.
  • 700,000 barrels of crude were removed from Strategic Petroleum Reserves (SPR).
  • After reaching record highs last week, exports declined sharply to 869,000 bbl/day. Imports of Canadian crude rebounded about 7% to 3.2 million bbl/day.
  • Refinery utilization improved from 88.1% to 89.6%, with big gains seen on the East Coast (PADD 1) and West Coast (PADD 5).
  • Domestic oil production increased 67,000 bbl/day, mostly in the Lower 48 region. Total production is now estimated at 9.62 million bbl/day, surpassing the highs of June 2015.
  • Total product consumption remains robust at 21.3 million bbl/day, up 11% from the previous week.
  • Gasoline and distillate inventories continue to decline, falling 3.3 and 3.4 million barrels, respectively.
 
QUICK LINKS:
  Inventories - crude oil, gasoline & distillate inventories
  Crude production & rig counts
  Crude balance - production, imports, exports, refinery runs
  Product balance - production, imports, exports, consumption
  US imports of Canadian crude
  Download weekly data - inventories, production & trade
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
PRODUCTS (thousand bbl/day)

PRODUCT IMPORTS & EXPORTS

TOTAL PRODUCTS CONSUMPTION

DATA DOWNLOAD
US Energy Statistics • Weekly
125.00
  • Crude oil balance:
    • Commercial inventories (incl. PADDs)
    • Cushing & SPR crude volumes
    • Production & rig counts
    • Imports, exports and refinery runs
  • Product balance:
    • production, consumption, imports and exports
    • gasoline & distillate inventories
  • Weekly data: Jan 2005 to previous week
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UPDATED: EVERY WEDNESDAY (THURSDAY DURING HOLIDAYS)
NOTES:
CRUDE/PRODUCT BALANCE = PRODUCTION + IMPORTS − EXPORTS − CONSUMPTION
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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