:: Reports --- ID :: 14614
Another round of increase in U.S crude stocks reported by EIA
surprise fall despite of increase in production

By Srinivas Chowdary Sunkara // petrobazaar // 21-12-17


EIA WEEKLY PETROLEUM STATUS REPORT FOR THE WEEK ENDING 15-12-17 

U.S OIL INVENTORIES

U.S commercial crude oil inventories are largely decreased by 6.5Mb at 436.5Mb with 1.5% change from previous week. stocks in Gulf Coast drawn heavily with 3.6 Mb. Total motor gasoline inventories are built up with 1.2 Mb at 227.8Mb with 0.5% change from early week. Distillate stocks rose by 0.8Mb at 128.8Mb while residual fuel oil stocks have fallen by 0.7Mb. Propane/Propylene stocks are down by 3.3Mb at 71.3Mb with 4.5% change. Total commercial petroleum inventories are decreased by 14.2 million barrels during the last week.

U.S OIL IMPORTS

Crude oil imports into U.S are increased by 0.471 Mb at 7.834 Mb where West Coast imports are jumped followed by Gulf Coast region. Motor Gasoline imports are increased with 4000 barrels. Distillate fuel oil, Residual fuel oil  imports are raised by 0.231Mb and 0.006Mb respectively. Propane/Propylene imports have come down by 73000 barrels. Exports are increased with 11.49Mbpd.

U.S REFINING ACIVITIES

Total Crude oil inputs put into processing are averaged at 17.063Mbpd  with an increase of 0.111Mbpd from previous week. A lion share of  9.212Mbpd are utilised only in Gulf Coast followed by 3.691Mbpd consumption in Midwest region. Refinery operable capacity is not changed at 18.503Mbpd, percentage utilisation is increased with 0.7 at 94.1 during the week. Gulf Coast Region operated at high of 95.9% followed by West Coast with 94.3%.

U.S PRODUCTION

Crude oil domestic production in U.S was averaged at 9.789M with an increase of 9000 Barrels per day. Finished Motor Gasoline production was down by 132K barrels per day at 10.814Mbpd