Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending September 7, 2018:
  • Commercial crude oil inventories fell by 5.3 million barrels, with the largest declines seen in the Midwest (down 2.9 million barrels) and Gulf Coast (down 1.7 million barrels).
  • Stockpiles in Cushing dropped 1.2 million barrels last week, the first drawdown in 4 weeks.
  • Refinery utilization rose from 96.6% to 97.6%, while crude runs increased 1.2% to 17.86 million bbl/day.
  • Total US crude production declined from 11.0 to 10.9 million bbl/day, as production out of the Lower 48 dropped 200,000 bbl/day to 10.4 million bbl/day.
  • Crude imports decreased almost 2% to 7.6 million bbl/day while exports increased 21% to 1.8 million bbl/day. Imports of Canadian crude declined over 10% to 3.13 million bbl/day.
  • Gasoline stockpiles rose 1.3 million barrels as production increased almost 2% to 10.4 million bbl/day. Exports also surged over 40% to 680,000 bbl/day.
  • Distillate inventories continue to build, gaining another 6.2 million barrels last week. Consumption declined 23% to 3.3 million bbl/day while exports increased 43% to 1.4 million bbl/day.
  • Total petroleum consumption dipped 5% to 20.6 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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