Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending August 24, 2018:
  • Commercial crude oil inventories decreased by 2.6 million barrels, with the largest declines seen in the East Coast (down 2.8 million barrels) and West Coast (down 1.1 million barrels).
  • Stockpiles in Cushing rose for the third week in a row, gaining another 58,000 barrels last week.
  • Refinery utilization decreased from 98.1% to 96.3% on lower rates in the Gulf Coast. Refineries in the Midwest reported running at 100% of capacity. Crude runs continue to dip lower, falling from 17.9 to 17.6 million bbl/day.
  • Total US crude production was roughly unchanged last week at 11.0 million bbl/day.
  • Crude imports were also unchanged at 7.5 million bbl/day while exports tick higher to 1.8 million bbl/day. Imports of Canadian crude rose 192,000 bbl/day to 3.54 million bbl/day.
  • Gasoline stockpiles declined 1.6 million barrels as consumption increased 446,000 bbl/day to a record 9.9 million bbl/day.
  • Distillate inventories decreased 837,000 barrels as consumption also rose by 372,000 bbl/day to 4.4 million bbl/day.
  • Total petroleum consumption rose 3% to 22.1 million bbl/day with exports declining 10% to 4.8 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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