:: Reports --- ID :: 14572
EIA reported a surprise drop in U.S crude stocks and rise in product stocks
hefty gasoline stocks

By Srinivas Chowdary Sunkara // petrobazaar // 7-12-2017


Weekly Petroleum Status Report for the week ending 1st Dec, 2017 - Highlights


Refinery Activity:

  • The Total crude oil put into processing units at U.S  refineries ( inputs) averaged 17.195 million barrels per day during the week, 192,000 barrels per day more  than the previous week's average. A lion share of 9160,000 barrels utilised only in Gulf coast followed by Midwest, West Coast and East coast . Refineries Operable capacity was not changed at 18.573 Mts, while Refiners operated at 93.8 % of their operable capacity with 1.3% increase from last week. East Coast Region operated high at 95.7%  and West Coast region recorded a high growth of 6.6% in utilisation compared to last week.


U.S crude oil domestic production was increased by 25K barrels per day at   9.707 Mpd.Gasoline production was decreased by 507,000 barrels at 9.895M, Jet fuel production    was up by 133K, Distillate Fuel oil production was also up by 118K, Residual Fuel oil production was up by 25K and  Propane/Propylene production was increased by 50K.  

   



Imports:

  • U.S. crude oil imports averaged at 7.202 million barrels per day last week, down by 127,000 barrels per day from the previous week. Motor gasoline imports were decreased by 38K barrels at 488000 barrels while distillate fuel imports last week averaged up at 117,000  barrels up per day  during last week.


Inventories:

  • U.S commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.6 million barrels or 1.2 percentage change from the previous week. At 448.1  million barrels, U.S crude oil inventories are near the upper limit of the average range for this time of year. Stocks in Midwest and Cushing are largely fell down by 3.4 mb and 2.7mb.


  • Total motor gasoline inventories are increased by 3.2 Mb whereas distillates built up by 1.7Mb


  • Propane/propylene  Inventories were up by 1.3 million barrels during the  last week and are in the lower half of the average range.


  • Total commercial petroleum inventories are decreased by 2.5 Mb last week.



TAG LINES: Energy Information Administration Report- statistical and analytical agency - U.S Department of energy - U.S crude refinery activity - gasoline production - Distillate fuels - weekly petroleum status Report - EIA  - ir.eia.gov/wprs/wpsrsummary