Hurricane Barry takes a bite out of Lower 48 production

Hurricane Barry takes a bite out of Lower 48 production

Summary of this week's US Petroleum Status Report for the week ending July 12, 2019:
  • Commercial crude oil inventories dropped by 3.1 million barrels last week. The declines were evenly split between the Midwest and the West Coast. The Cushing storage hub, included in PADD 2 figures, dropped by 1.4 million barrels.
  • Crude production out of the Lower 48 decreased by 400,000 bbl/day, likely due to evacuations in the Gulf of Mexico ahead of Hurricane Barry.
  • Crude exports decreased 17% to 2.5 million bbl/day, while imports dropped 6% to 6.8 million bbl/day.
  • Imports of Canadian crude dropped 410,000 bbl/day to 3.54 million bbl/day.
  • Overall US refinery utilization dipped slightly to 94.4% last week.
  • Gasoline inventories increased by 3.6 million barrels, while distillate stockpiles increased by almost 6 million barrels.
  • Overall petroleum products exports dropped almost 15% to 4.5 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
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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
Gulf of Mexico outages sinks total US output to 8-month low

Gulf of Mexico outages sinks total US output to 8-month low

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

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