This Week in Petroleum
Release Date: January 20, 2022
Next Release Date: January 26, 2022
Crude oil futures and estimated contract prices (dollars per barrel)
| Year ago | Most recent | |||||||
|---|---|---|---|---|---|---|---|---|
| 01/15/21 | 01/14/22 | 01/07/22 | 12/31/21 | 12/24/21 | 12/17/21 | 12/10/21 | 12/03/21 | |
| Contract 1 | 52.36 | 83.82 | 78.90 | 75.21 | NA | 70.86 | 71.67 | 66.26 |
| Contract 2 | 52.42 | 83.30 | 78.44 | 74.88 | NA | 70.72 | 71.48 | 66.10 |
| Contract 3 | 52.36 | 82.42 | 77.82 | 74.45 | NA | 70.35 | 71.22 | 65.93 |
| Contract 4 | 52.23 | 81.56 | 77.19 | 73.94 | NA | 69.95 | 70.95 | 65.71 |
| Note: Markets were closed on 12/24/2021. | ||||||||
Crude oil stocks (million barrels) and days of supply
| Year ago | Most recent | |||||||
|---|---|---|---|---|---|---|---|---|
| 01/15/21 | 01/14/22 | 01/07/22 | 12/31/21 | 12/24/21 | 12/17/21 | 12/10/21 | 12/03/21 | |
| U.S. | 486.6 | 413.8 | 413.3 | 417.9 | 420.0 | 423.6 | 428.3 | 432.9 |
| East Coast (PADD 1) | 11.6 | 6.7 | 7.4 | 8.4 | 8.2 | 7.6 | 7.9 | 7.8 |
| Midwest (PADD 2) | 139.7 | 113.7 | 114.3 | 117.2 | 115.0 | 113.9 | 113.7 | 114.4 |
| Cushing, Oklahoma | 52.5 | 33.5 | 34.8 | 37.3 | 34.7 | 33.7 | 32.2 | 30.9 |
| Gulf Coast (PADD 3) | 263.0 | 222.5 | 220.3 | 223.1 | 226.5 | 230.8 | 234.1 | 237.9 |
| Rocky Mountain (PADD 4) | 24.2 | 23.3 | 23.2 | 23.8 | 24.1 | 24.4 | 24.1 | 23.9 |
| West Coast (PADD 5) | 48.0 | 47.6 | 48.1 | 45.3 | 46.2 | 46.8 | 48.5 | 48.8 |
| Year ago | Most recent | |||||||
|---|---|---|---|---|---|---|---|---|
| 01/15/21 | 01/14/22 | 01/07/22 | 12/31/21 | 12/24/21 | 12/17/21 | 12/10/21 | 12/03/21 | |
| U.S. | 33.5 | 26.4 | 26.3 | 26.5 | 26.7 | 26.9 | 27.3 | 27.7 |
| Note: Days of Supply calculated as: U.S. crude oil stocks / Four-week average U.S. crude oil refinery inputs | ||||||||
Crude oil production and imports (million barrels per day)
| Year ago | Four-week averages | Year ago | Week ending | |||||
|---|---|---|---|---|---|---|---|---|
| 01/15/21 | 01/14/22 | 01/07/22 | 12/31/21 | 01/15/21 | 01/14/22 | 01/07/22 | 12/31/21 | |
| U.S. production | 11.000 | 11.750 | 11.725 | 11.725 | 11.000 | 11.700 | 11.700 | 11.800 |
| Year ago | Four-week averages | Year ago | Week ending | |||||
|---|---|---|---|---|---|---|---|---|
| 01/15/21 | 01/14/22 | 01/07/22 | 12/31/21 | 01/15/21 | 01/14/22 | 01/07/22 | 12/31/21 | |
| Crude oil, excluding SPR | 5.745 | 6.364 | 6.227 | 6.327 | 6.045 | 6.745 | 6.069 | 5.884 |
Crude oil refinery inputs (million barrels per day)
| Year ago | Four-week averages | Year ago | Week ending | |||||
|---|---|---|---|---|---|---|---|---|
| 01/15/21 | 01/14/22 | 01/07/22 | 12/31/21 | 01/15/21 | 01/14/22 | 01/07/22 | 12/31/21 | |
| U.S. | 14.518 | 15.649 | 15.740 | 15.764 | 14.760 | 15.453 | 15.573 | 15.867 |
| East Coast (PADD 1) | 0.593 | 0.715 | 0.716 | 0.720 | 0.604 | 0.707 | 0.693 | 0.741 |
| Midwest (PADD 2) | 3.576 | 3.881 | 3.864 | 3.874 | 3.666 | 3.931 | 3.899 | 3.894 |
| Gulf Coast (PADD 3) | 7.924 | 8.450 | 8.535 | 8.516 | 7.999 | 8.205 | 8.466 | 8.607 |
| Rocky Mountain (PADD 4) | 0.559 | 0.566 | 0.565 | 0.564 | 0.556 | 0.571 | 0.588 | 0.555 |
| West Coast (PADD 5) | 1.865 | 2.037 | 2.061 | 2.091 | 1.935 | 2.040 | 1.927 | 2.070 |
Abbreviations: NA = Not Available | W = Data Withheld