Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending February 16, 2018:
  • US commercial crude oil inventories decreased by 1.6 million barrels, with the largest drawdowns seen at the Cushing tank farm in Oklahoma (down 2.7 million barrels). The Gulf Coast reported another build of 1.5 million barrels.
  • Crude production was roughly unchanged at 10.27 million bbl/day.
  • Total crude exports rose 55% to 2.0 million bbl/day while imports dropped 11% to 7.0 million bbl/day. Imports of Canadian crude fell 9% to 3.2 million bbl/day.
  • Refinery throughput dropped to 15.8 million bbl/day as refinery utilization declined to 88.1%, down from 89.8% the previous week. East Coast refineries reported the biggest declines (falling from 84.7% to 79.9%), as did the Gulf Coast (from 89.4% to 86.8%).
  • Gasoline production rose over 5% to 10.1 million bbl/day. Stockpiles rose by another 261,000 barrels, despite a surge in exports, rising to almost 1 million bbl/day. Gasoline consumption dipped slightly to 9 million/day.
  • Distillate production declined 7% to 4.5 million bbl/day as consumption rose slightly to 4.2 million bbl/day. Distillate stockpiles saw a sizeable drawdown of 2.4 million barrels.
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
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


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
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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