Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending May 18, 2018:
  • Commercial crude oil inventories rose 5.8 million barrels, with the largest increases seen on the East Coast (PADD 1) and Gulf Coast (PADD 3), each rising over 3 million barrels. Stockpiles at Cushing declined by 1.1 million barrels.
  • Another 70,000 barrels of crude were reported removed from Strategic Petroleum Reserves (SPR).
  • Refinery runs were unchanged last week at 16.6 million bbl/day as refinery utilization edged up slightly to 91.8%. Despite an imminent start to the summer driving season, refinery utilization is abnormally low, particularly in the Gulf Coast and West Coast, where facilities are operating at just 90.7% and 85.3% of capacity, respectively.
  • Total US crude production increased to 10.725 million bbl/day, with the Lower 48 adding another 24,000 bbl/day of output.
  • Crude imports rose 7% to 8.16 million bbl/day while exports dropped 32% to 1.75 million bbl/day.
  • Imports of Canadian crude were roughly unchanged at 3.5 million bbl/day.
  • Gasoline stockpiles increased 1.9 million barrels last week, as imports rose almost 50% to 1.1 million bbl/day while exports dropped about 60% to 356,000 bbl/day.
  • Distillate stockpiles declined 951,000 barrels last week despite a 63% drop in exports and 14% decline in consumption.
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 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

0