Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending May 25, 2018:
  • Commercial crude oil inventories decreased 3.6 million barrels last week, with drawdowns topping 3 million barrels in the Gulf Coast (PADD 3). Stockpiles at Cushing also fell 556,000 barrels.
  • Another 559,000 barrels of crude were reported removed from Strategic Petroleum Reserves (SPR).
  • Refinery runs rose to 17.2 million bbl/day as refinery utilization increased to 93.9%. All PADDs reported improvements in utilization rates with the Gulf Coast rising to almost 94% and the Midwest region (PADD 2) running at 100% of refining capacity.
  • The Lower 48 region added another 20,000 bbl/day of production, bringing total US production to a new record high of 10.77 million bbl/day. Output from Alaska rebounded 24,000 bbl/day.
  • Crude imports fell 7% to 7.6 million bbl/day while exports rose 25% to 2.2 million bbl/day. Imports of Canadian crude dipped slightly to 3.4 million bbl/day.
  • Gasoline imports dropped 10% to 959,000 bbl/day while exports increased about 85% to 656,000 bbl/day. Gasoline stockpiles gained 381,000 barrels last week.
  • Distillate stockpiles also gained 634,000 barrels as exports dropped 23% to 1.1 million bbl/day.
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

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