Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending October 5, 2018:
  • Commercial crude oil inventories rose by almost 6 million barrels, with the largest gains seen in the Midwest (+4.3 million) and Gulf Coast (+2.3 million). Cushing stockpiles (included in Midwest figures) rose 2.4 million barrels last week.
  • Refinery utilization fell from 90.4% to 88.8%, with Midwest refineries contributing to most of the declines, falling from 79% to 73% last week. East Coast rates also dropped from 79% to 69%. Crude runs ticked lower by 2% to 16.2 million bbl/day.
  • Crude production out of the Lower 48 increased 100,000 bbl/day, bring the total output to a record 11.2 million bbl/day.
  • Crude imports dropped 7% to 7.4 million bbl/day while exports rose 50% to 2.6 million bbl/day. Imports of Canadian crude increased 164,000 bbl/day to 3.27 million bbl/day.
  • Gasoline inventories rose by almost 1 million barrels. Production dipped 2.4% to 9.7 million bbl/day while exports rose 26% to 1 million bbl/day.
  • Distillate inventories declined 2.7 million barrels as consumption rose 20% to 4.6 million bbl/day. Production was unchanged at 5 million bbl/day.
  • Overall product consumption dropped almost 2% to 19.8 million bbl/day.
QUICK LINKS:
  Inventories - crude oil, gasoline & distillate inventories
  Refinery utilization by PADD
  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
DATA DOWNLOAD
WEEKLY PETROLEUM DATA:
• Inventories & trade data
• Production & oil rig counts
• Weekly data from Jan 2005

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

REFINERY UTILIZATION


CRUDE PRODUCTION & TRADE BALANCE
CRUDE OIL BALANCE (thousand bbl/day)

CRUDE BALANCE VS INVENTORIES

US CRUDE OIL PRODUCTION VS RIG COUNTS

US CRUDE OIL IMPORTS & EXPORTS

US IMPORTS OF CANADIAN CRUDE


PRODUCT BALANCE
GASOLINE BALANCE (thousand bbl/day)

GASOLINE BALANCE VS INVENTORIES

DISTILLATE BALANCE (thousand bbl/day)

DISTILLATE BALANCE VS INVENTORIES

TOTAL PETROLEUM PRODUCTS (thousand bbl/day)

IMPORTS & EXPORTS OF PETROLEUM PRODUCTS

TOTAL PRODUCTS CONSUMED

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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