Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending May 4, 2018:
  • Commercial crude oil inventories declined 2.2 million barrels, with the largest drop seen in the Gulf Coast (PADD 3), down 2.5 million barrels. Stockpiles at Cushing rose 1.4 million barrels.
  • Crude production increased another 84,000 bbl/day last week to a new record high of 10.7 million bbl/day. Output from the Lower 48 increased 91,000 bbl/day while output from Alaska fell 7,000 bbl/day.
  • Crude oil imports dropped 14% to 7.3 million bbl/day while exports declined 13% to 1.9 million bbl/day.
  • Imports of Canadian crude dipped 2% to 3.65 million bbl/day, but remains well about the 4-week average.
  • Refinery throughput declined to 16.5 million bbl/day as refinery utilization fell from 91.1% to 90.4%.
  • Gasoline stockpiles declined 2.2 million barrels last week. Production dipped slightly to 10.0 million bbl/day. Imports declined 13% to 803,000 bbl/day while exports also fell 36% to 581,000 bbl/day. Consumption rose 8% to 9.8 million bbl/day.
  • Distillate stockpiles continue to fall, declining another 3.8 million barrels. Exports rose 19% to 1.4 million bbl/day, while production was roughly unchanged.
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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