Weekly US Oil Inventory Report

Weekly US Oil Inventory Report

Summary of this week's US Petroleum Status Report for the week ending October 5, 2018:
  • Commercial crude oil inventories rose by almost 6 million barrels, with the largest gains seen in the Midwest (+4.3 million) and Gulf Coast (+2.3 million). Cushing stockpiles (included in Midwest figures) rose 2.4 million barrels last week.
  • Refinery utilization fell from 90.4% to 88.8%, with Midwest refineries contributing to most of the declines, falling from 79% to 73% last week. East Coast rates also dropped from 79% to 69%. Crude runs ticked lower by 2% to 16.2 million bbl/day.
  • Crude production out of the Lower 48 increased 100,000 bbl/day, bring the total output to a record 11.2 million bbl/day.
  • Crude imports dropped 7% to 7.4 million bbl/day while exports rose 50% to 2.6 million bbl/day. Imports of Canadian crude increased 164,000 bbl/day to 3.27 million bbl/day.
  • Gasoline inventories rose by almost 1 million barrels. Production dipped 2.4% to 9.7 million bbl/day while exports rose 26% to 1 million bbl/day.
  • Distillate inventories declined 2.7 million barrels as consumption rose 20% to 4.6 million bbl/day. Production was unchanged at 5 million bbl/day.
  • Overall product consumption dropped almost 2% to 19.8 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

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