Weekly Petroleum Status Report: Week of April 4th
Total crude oil stocks increased 2.552 million bbls last week, roughly in line with the inventory build that was expected. Oil stocks are down -3.3% YoY (vs -2.6% YoY).
- Gas stocks fell -1.600 million bbls last week, also roughly in line with expectations. Gas stocks are up 3.3% YoY (prev 4.3% YoY).
- Domestic production was down -122k b/d to 13.46 million b/d following a benchmarking along with the STEO that brought down estimated production by -119k b/d.
- Net imports increased 360k b/d to 2.95 million b/d, and the 4-week average is down -23.3% YoY.
- Refinery input edged up 69k b/d to 15.6 million b/d, and the 4-week average is down -1.3% YoY.
- Total product supplied fell -641k b/d to 19.48 million b/d, and the 4-week average is down -1.9% YoY (prev -1.2% YoY).
- Over the past four weeks, motor gasoline product supplied averaged 8.6 million b/d, down by -2.8% YoY.