Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending December 15, 2017:
  • Commercial crude oil inventories declined 6.5 million barrels, with more than half of those drawdowns seen in the Gulf Coast region (PADD 3).
  • Stockpiles at Cushing continue to climb higher, gaining another 754,000 bbl/day last week.
  • Production out of the Lower 48 rose by 15,000 bbl/day last week, offsetting a 6,000 bbl/day decline from Alaska.
  • Crude exports jumped over 70% to 1.86 million bbl/day. Imports rose slightly to 7.8 million bbl/day while imports from Canada recovered another 8% to to 3.57 million bbl/day.
  • Refinery utilization jumped to 94.1% last week, up from 93.4% the previous week. Gulf Coast refineries are operating at almost 96% of capacity.
  • Total product consumption remains strong, rising 3% to 21.1 million bbl/day. Total product exports also jumped 25% last week to 5.7 million bbl/day.
  • Gasoline and distillate stockpiles continue to rise, climbing 1.2 million and 769,000 barrels, respectively.
 
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
  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
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

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 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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