This Week in Petroleum
Release Date: January 29, 2025
Next Release Date: February 5, 2025
Crude oil futures and estimated contract prices (dollars per barrel)
| Year ago | Most recent | |||||||
|---|---|---|---|---|---|---|---|---|
| 01/26/24 | 01/24/25 | 01/17/25 | 01/10/25 | 01/03/25 | 12/27/24 | 12/20/24 | 12/13/24 | |
| Contract 1 | 78.01 | NA | NA | NA | NA | NA | NA | NA |
| Contract 2 | 77.86 | NA | NA | NA | NA | NA | NA | NA |
| Contract 3 | 77.68 | NA | NA | NA | NA | NA | NA | NA |
| Contract 4 | 77.39 | NA | NA | NA | NA | NA | NA | NA |
| Note: Futures Prices after April 5, 2024, are not available. | ||||||||
Crude oil stocks (million barrels) and days of supply
| Year ago | Most recent | |||||||
|---|---|---|---|---|---|---|---|---|
| 01/26/24 | 01/24/25 | 01/17/25 | 01/10/25 | 01/03/25 | 12/27/24 | 12/20/24 | 12/13/24 | |
| U.S. | 421.9 | 415.1 | 411.7 | 412.7 | 414.6 | 415.6 | 416.8 | 421.0 |
| East Coast (PADD 1) | 7.6 | 7.1 | 7.8 | 7.2 | 7.8 | 8.3 | 8.1 | 7.5 |
| Midwest (PADD 2) | 107.5 | 102.8 | 102.6 | 102.3 | 103.2 | 105.1 | 103.9 | 105.1 |
| Cushing, Oklahoma | 28.1 | 21.0 | 20.7 | 20.8 | 20.0 | 22.5 | 22.7 | 23.0 |
| Gulf Coast (PADD 3) | 235.1 | 232.4 | 228.2 | 230.3 | 232.4 | 227.5 | 231.5 | 233.4 |
| Rocky Mountain (PADD 4) | 23.8 | 23.9 | 24.5 | 24.5 | 24.4 | 24.4 | 24.3 | 24.3 |
| West Coast (PADD 5) | 47.8 | 48.9 | 48.6 | 48.4 | 46.8 | 50.3 | 49.0 | 50.7 |
| Year ago | Most recent | |||||||
|---|---|---|---|---|---|---|---|---|
| 01/26/24 | 01/24/25 | 01/17/25 | 01/10/25 | 01/03/25 | 12/27/24 | 12/20/24 | 12/13/24 | |
| U.S. | 26.7 | 25.8 | 25.0 | 24.6 | 24.7 | 24.8 | 24.9 | 25.3 |
| Note: Days of Supply calculated as: U.S. crude oil stocks / Four-week average U.S. crude oil refinery inputs | ||||||||
Crude oil production, imports, and exports (million barrels per day)
| Year ago | Four-week averages | Year ago | Week ending | |||||
|---|---|---|---|---|---|---|---|---|
| 01/26/24 | 01/24/25 | 01/17/25 | 01/10/25 | 01/26/24 | 01/24/25 | 01/17/25 | 01/10/25 | |
| U.S. production | 12.950 | 13.440 | 13.524 | 13.551 | 13.000 | 13.240 | 13.477 | 13.481 |
| Year ago | Four-week averages | Year ago | Week ending | |||||
|---|---|---|---|---|---|---|---|---|
| 01/26/24 | 01/24/25 | 01/17/25 | 01/10/25 | 01/26/24 | 01/24/25 | 01/17/25 | 01/10/25 | |
| U.S. Crude oil, excluding SPR | 6.211 | 6.437 | 6.556 | 6.487 | 5.605 | 6.448 | 6.745 | 6.124 |
| Year ago | Four-week averages | Year ago | Week ending | |||||
|---|---|---|---|---|---|---|---|---|
| 01/26/24 | 01/24/25 | 01/17/25 | 01/10/25 | 01/26/24 | 01/24/25 | 01/17/25 | 01/10/25 | |
| U.S. exports | 4.170 | 3.839 | 3.881 | 3.683 | 3.894 | 3.686 | 4.515 | 4.078 |
Crude oil refinery inputs (million barrels per day)
| Year ago | Four-week averages | Year ago | Week ending | |||||
|---|---|---|---|---|---|---|---|---|
| 01/26/24 | 01/24/25 | 01/17/25 | 01/10/25 | 01/26/24 | 01/24/25 | 01/17/25 | 01/10/25 | |
| U.S. | 15.824 | 16.065 | 16.482 | 16.806 | 14.848 | 15.189 | 15.522 | 16.647 |
| East Coast (PADD 1) | 0.749 | 0.733 | 0.746 | 0.745 | 0.737 | 0.711 | 0.740 | 0.739 |
| Midwest (PADD 2) | 3.909 | 4.004 | 4.034 | 4.023 | 3.807 | 3.929 | 4.006 | 4.026 |
| Gulf Coast (PADD 3) | 8.512 | 8.681 | 9.075 | 9.372 | 7.758 | 7.868 | 8.226 | 9.171 |
| Rocky Mountain (PADD 4) | 0.569 | 0.565 | 0.556 | 0.555 | 0.549 | 0.587 | 0.563 | 0.553 |
| West Coast (PADD 5) | 2.084 | 2.082 | 2.071 | 2.111 | 1.997 | 2.095 | 1.988 | 2.158 |
Abbreviations: NA = Not Available | W = Data Withheld