Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending December 1, 2017:
  • Total commercial crude oil inventories declined 5.6 million barrels, about half of those declines coming from the Cushing storage hub in Oklahoma.
  • Another 2.45 million barrels were withdrawn from Strategic Petroleum Reserves (SPR). SPR inventories have declined by 32 million barrels since the February, as the US government continues to sell its reserves to fund various spending programs.
  • Crude production increased by another 25,000 bbl/day, reaching a new record high of 9.7 million bbl/day. Crude imports fell almost 2% to 7.2 million bbl/day. Imports from Canada declined again this week, falling 1.6% to 2.87 million bbl/day.
  • Refinery utilization rates improved from 92.6% to 93.8%. Refinery runs increased 1% to 17.1 million bbl/day.
  • Gasoline inventories increased by a whopping 6.8 million barrels, despite a 4.5% drop in production. Gasoline exports declined 26% to almost 900,000 bbl/day while gasoline consumption increased 171,000 bbl/day to 8.9 million bbl/day.
  • Distillate inventories also rose by 1.7 million barrels. Exports increased almost 40% to 1.6 million bbl/day. Distillate consumption declined 4% to 3.7 million bbl/day while production hit a record 5.4 million bbl/day.
 
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
Add To Cart
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

0