US imports of Canadian crude surges to almost 4 million bbl/day

US imports of Canadian crude surges to almost 4 million bbl/day

Summary of this week's US Petroleum Status Report for the week ending July 5, 2019:
  • Commercial crude oil inventories dropped by 9.5 million barrels last week. Most of those declines came from the Gulf Coast, where stockpiles declined by almost 7 million barrels.
  • US crude production nudged up 100,000 bbl/day, bringing the total output to 12.3 million bbl/day.
  • Crude exports increased 2% to over 3 million bbl/day, while imports dropped 4% to 7.3 million bbl/day.
  • Imports of Canadian crude rose 303,000 bbl/day to 3.95 million bbl/day.
  • Overall US refinery utilization rose to 94.7% last week. Rates in the East Coast (PADD 1) fell below 70%.
  • Gasoline inventories declined by almost 1.5 million barrels, a fourth consecutive week of drawdowns. Production rose 5% to 10.4 million bbl/day.
  • Distillate stockpiles increased by 3.7 million barrels. Consumption dropped 7% to 3.6 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 SUBSCRIPTION
Sign-up for our data subscription service and get access to our complete database.

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
Hurricane Barry takes a bite out of Lower 48 production

Hurricane Barry takes a bite out of Lower 48 production

Crude inventories fall by another million barrels, thanks to big drawdowns on the West Coast

Crude inventories fall by another million barrels, thanks to big drawdowns on the West Coast