Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending January 26, 2018:
  • US commercial crude oil inventories increased almost 6.8 million barrels, with the largest increase seen in the Gulf Coast (+6.5 million barrels). The Cushing tank farm in Oklahoma saw a drawdown of 2.2 million barrels.
  • Crude production rose by 41,000 bbl/day to 9.92 million bbl/day, another new record high. Exports increased 25% to 1.8 million bbl/day while imports rose slightly to 8.4 million bbl/day. Imports of Canadian crude rebounded by 436,000 bbl/day last week to almost 3.5 million bbl/day.
  • Refinery utilization continues to drop from a high of almost 97% at the end of December to 88% last week. Gulf Coast utilization rates declined the most, falling from 92.6% to 86.6%.
  • Both Gasoline and distillate inventories declined by almost 2.0 million barrels each.
  • Gasoline production and consumption both increased this week to 9.6 and 9.0 million bbl/day, respectively. Gasoline exports declined 26% to 615,000 bbl/day.
  • Distillate production declined 4% to 4.6 million bbl/day while imports more than doubled to 584,000 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
  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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