Weekly Petroleum Status Report: Week of February 28th

Fri, Feb 28, 2025 · 10:00 AM ET Next release · Nov 11, 10:30 AM ET

Crude oil stocks increased 3.4 million bbls last week, well above estimates of a 900k bbls build. Stocks are still down -3.3% YoY.

  • Gas stocks fell -1.4 million bbls but were up 3.0% YoY, a slightly larger draw than expected.
  • Domestic production edged up 6k b/d to 13.51 million b/d, and the 4-week average was up 1.7% YoY.
  • Net imports was broadly unchanged at 1.68 million b/d, and the 4-week average was down -10.0% YoY.
  • Refinery inputs were down -346k b/d to 15.39 million b/d but still above where they were a year ago.
  • Product supplied fell slightly to 20.54 million b/d, but the 4-week average was still up 3.4% YoY with gas supplied up 0.9% YoY.