Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending March 16, 2018:
  • Commercial crude oil inventories decreased by 2.6 million barrels, with the largest drop seen in the Gulf Coast (down 3.6 million barrels). Stockpiles at Cushing rose 905,000 barrels.
  • Crude production rose another 26,000 bbl/day to 10.41 million bbl/day, a new record high. Production out of the Lower 48 reached a record 9.9 million bbl/day.
  • Crude exports rose 6% to 1.6 million bbl/day while imports fell almost 7% to 7.1 million bbl/day.
  • Imports of Canadian crude rose 11% to 3.4 million bbl/day.
  • Refinery throughput rose to 16.8 million bbl/day and utilization rates gained 2% to 91.7%.
  • Gasoline stockpiles declined 1.7 million barrels while production dropped 3.4% to 9.9 million bbl/day. Consumption also declined 3.3% to 9.3 million bbl/day. Distillate stockpiles also fell 2.0 million barrels last week.
  • Total product consumed dropped 1.2% to 20.7 million bbl/day. Total product imports fell 7% to 1.9 million bbl/day while exports fell 3.3% to 5.0 million 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
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

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 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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