Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending December 29, 2017:
  • Commercial crude oil stockpiles declined 7.4 million barrels, with drawdowns seen throughout the US except for the West Coast.
  • Production out of the Lower 48 rose 25,000 bbl/day, reversing declines from the previous week. Total US production topped 9.78 million bbl/day, coming close to record highs of mid-December.
  • Crude imports were roughly unchanged at 8 million bbl/day while exports rose 22% to 1.5 million bbl/day. Imports from Canada rose 6% to 3.5 million bbl/day.
  • Refinery runs increased to 17.6 million bbl/day as refinery utilization rose to 96.7% across the US. While East Coast refineries have been impacted by the cold weather, Gulf Coast refineries were operating at almost 98% of capacity last week.
  • Frigid cold temperatures is being blamed for higher stockpiles of heating oil and an 8% drop in gasoline demand. Exports of total products declined over 1 million bbl/day to 4.5 million bbl/day. Gasoline and distillate inventories rose almost 5 million and 9 million 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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