Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending March 23, 2018:
  • Commercial crude oil inventories increased by 1.6 million barrels, with the largest gains seen in the Midwest (up 3.4 million barrels). Stockpiles at Cushing also rose 1.8 million barrels while inventories in the Gulf Coast continue to fall, declining another 5.2 million barrels.
  • Crude production rose another 26,000 bbl/day to another record high of 10.43 million bbl/day. Production out of the Lower 48 rose by 25,000 bbl/day to 9.9 million bbl/day.
  • Crude imports rose 15% to 8.2 million bbl/day while exports increased slightly to 1.6 million bbl/day.
  • Imports of Canadian crude ticked 54,000 bbl/day higher to 3.5 million bbl/day.
  • Refinery throughput rose by 18,000 bbl/day to 16.8 million bbl/day while overall refinery utilization increased to 92.3%.
  • Gasoline stockpiles declined 3.5 million barrels while production increased 4% to 10.3 million bbl/day. Consumption declined 1% to 9.2 million bbl/day.
  • Distillate stockpiles fell 2.1 million barrels while production increased 8% to 4.8 million bbl/day. Consumption also jumped 12% to 4.4 million bbl/day.
  • Total product consumed remains strong, rising to 20.9 million bbl/day last week. Product imports rose 17% to 2.2 million bbl/day while exports fell 1.6% to 4.9 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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