Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending March 30, 2018:
  • Commercial crude oil inventories declined by 4.6 million barrels, with the largest drop once again seen in the Gulf Coast (down 6.9 million barrels). Stockpiles at Cushing rose again this week, gaining 3.7 million barrels.
  • Crude production rose 27,000 bbl/day to another record high of 10.46 million bbl/day. Production out of the Lower 48 rose by 25,000 bbl/day to 9.94 million bbl/day.
  • Crude oil imports dropped 3% to 7.9 million bbl/day while exports dipped slightly to 3.4 million bbl/day. Imports of Canadian crude declined 47,000 bbl/day to 3.4 million bbl/day.
  • Refinery throughput rose by 141,000 bbl/day to 16.9 million bbl/day while overall refinery utilization increased to 93%.
  • Gasoline stockpiles declined 1.1 million barrels while production fell 2% to 10.1 million bbl/day. Imports increased 11% to 761,000 bbl/day while exports fell 12% to 966,000 bbl/day.
  • Distillate stockpiles rose 537,000 barrels while production increased 4% to 5 million bbl/day. Consumption dropped 11% to 3.9 million bbl/day and exports rose 25% to 1.2 million bbl/day.
  • Total product consumed remains strong, rising to 21.2 million bbl/day last week. Product imports rose 25% to 2.7 million bbl/day while exports fell 3% to 4.7 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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