US DATA: Crude stocks up, product stocks down amid higher exports
Quantum Commodity Intelligence – US product stocks fell during the week to February 18 despite weaker total demand and higher refining as product exports ticked higher, while crude oil stocks rebounded.
Week ending 18 February 2022
Key stock figures (million barrels)
Commercial crude and product stocks: 1742 m barrels, -4.3 m barrels on week.
Commercial crude stocks: 416 m barrels, +4.5 m barrels on week.
Strategic crude stocks: 582 m barrels, -2.4 m barrels on week.
Gasoline stocks: 246 m barrels, -0.6 m barrels on week.
Middle distillate stocks: 120 m barrels, -0.6 m barrels on week.
Jet stocks: 38 m barrels, +0.2 m barrels on week.
Diesel stocks: 110 m barrels, -0.9 m barrels on week.
Residual fuel stocks: 26 m barrels, +0.5 m barrels on week.
Propane/propylene stocks: 38 m barrels, -3.9 m barrels on week.
Ethanol stocks: 26 m barrels, 0.0 m barrels on week.
Key demand figures (million barrels per day)
Total oil products: 21.5 million bpd, -1.26 million bpd on week.
Gasoline: 8.7 million bpd, +0.09 million bpd on week.
Jet: 1.5 million bpd, -0.03 million bpd on week.
Middle distillates: 4.2 million bpd, -0.09 million bpd on week.
Residual fuels: 0.3 million bpd, -0.17 million bpd on week.
Propane/propylene: 1.9 million bpd, -0.19 million bpd on week.
Key production and trade figures (million barrels per day)
Crude production: 11.6 million bpd, 0.0 million bpd on week.
Crude imports: 6.8 million bpd, +1.04 million bpd on week.
Crude exports: 2.7 million bpd, +0.42 million bpd on week.
Product imports: 2.0 million bpd, -0.5 million bpd on week.
Product exports: 4.8 million bpd, +0.47 million bpd on week.
Key refining figures (million barrels per day)
Net crude input into refineries: 15.2 million bpd, +0.34 million bpd on week.
Utilisation: 87.4%, +2.1% point on week.
Finished gasoline output: 9.4 million bpd, +0.51 million bpd on week.
Jet output: 1.5 million bpd, 0.0 million bpd on week.
Middle distillates output: 4.7 million bpd, +0.24 million bpd on week.
Diesel output: 4.5 million bpd, +0.19 million bpd on week.
Fuel oil output: 0.2 million bpd, +0.11 million bpd on week.
