Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending Jun 8, 2018:
  • Commercial crude oil inventories decreased 4.1 million barrels last week, with all PADDs reporting drops. The largest decline was seen in the Midwest region (PADD 2), where inventories declined by 2.6 million barrels. Stockpiles at Cushing fell 687,000 barrels.
  • Refinery runs ticked up almost 1% to 17.5 million bbl/day as overall refinery utilization rose to 95.7%. Refinery utilization in the West Coast (PADD 5) jumped from 92% to over 99%.
  • The Lower 48 region added another 100,000 bbl/day of output, bringing total US crude production to a new record high of 10.9 million bbl/day. Output from Alaska dipped 18,000 bbl/day.
  • Total crude imports dropped 3% to 8.1 million bbl/day while exports rose 18% to 2 million bbl/day. Imports of Canadian crude increased almost 2% to 3.7 million bbl/day.
  • Gasoline consumption jumped 10% to 9.9 million bbl/day while production rose 8% to 10.5 million bbl/day. Gasoline stockpiles declined 2.3 million barrels last week, the first drop in three weeks.
  • Distillate stockpiles also declined 2.1 million barrels on higher exports, lower imports and a 4% drop in production.
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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