Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending Jul 6, 2018:
  • Commercial crude oil inventories decreased 12.6 million barrels last week, with the largest drawdowns seen in the Gulf Coast, down almost 7.2 million barrels. All other PADDs also saw drawdowns.
  • Inventories continue to fall at the Cushing storage hub in Oklahoma, declining another 2.1 million barrels last week. Cushing stockpiles are now down over 10 million barrels over the past 5 weeks and almost 44 million barrels from the highs of April 2017.
  • Refinery runs were roughly unchanged at 17.7 million bbl/day. Overall refinery utilization declined from 97.1% to 96.7% last week.
  • For the fourth week in a row, total US crude production was also reported unchanged at 10.9 million bbl/day.
  • Crude imports fell almost 20% to 7.4 million bbl/day while exports declined 13% to 2 million bbl/day. Imports of Canadian crude also dipped by 287,000 bbl/day to 3.44 million bbl/day.
  • Gasoline production rose 4% to 10.7 million bbl/day. Consumption dropped 6% to 9.3 million bbl/day while stockpiles declined by almost 700,000 barrels.
  • Distillate inventories surged by 4.1 million barrels last week as consumption fell 8% to 3.8 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 CONSUMED

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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