trending Market Intelligence /marketintelligence/en/news-insights/trending/firJ5ftewoNWXzILVhhvHw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

US crude oil stockpiles fall 11.5 million barrels in week to Dec. 27, 2019

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

US crude oil stockpiles fall 11.5 million barrels in week to Dec. 27, 2019

The U.S. Energy Information Administration reported that U.S. crude oil and petroleum stockpiles moved in opposite directions in the week to Dec. 27, 2019.

U.S. crude oil inventories, excluding the strategic petroleum reserve, declined 11.5 million barrels from the week prior to 429.9 million barrels, according to the agency's Jan. 3 "Weekly Petroleum Status Report." Total gasoline inventories climbed by 3.2 million barrels to 242.5 million barrels, while distillate inventories climbed by 8.8 million barrels to 133.7 million barrels.

SNL Image

Total U.S. crude oil inputs climbed 1.8% on the week to 17.3 million barrels per day for a trailing four-week average of 16.7 million bbl/d, down 4.3% from the same period a year ago and 0.7% below the five-year average. The EIA pegged U.S. refinery utilization at 94.5%, down from the year-ago level of 97.2% but in line with the five-year average for the week, with PADD 1 utilization pegged at 68.1%.

On June 21, 2019, a fire broke out at a 335,000-bbl/d refinery operated by Philadelphia Energy Solutions Inc. in PADD 1, destroying one of the complex's alkylation units. Two weeks before the fire, one of the plant's fluid catalytic cracking units, which converts high-boiling, high-molecular-weight hydrocarbon fractions into products such as gasoline, reportedly had been shut down. The company announced June 26, 2019, that it would shut down the complex and prepare it for sale.

SNL Image

Meanwhile, total U.S. gasoline production was mixed versus historical averages. Finished motor gasoline production was down 3.4% from the prior week to bring the trailing four-week average to 10.0 million bbl/d, down 1.0% from the year-ago level but up 1.1% from the five-year average.

Distillate production declined 1.5% on the week, bringing the trailing four-week average to 5.2 million bbl/d, down 4.6% from the same week a year ago and in line with the five-year average.

SNL Image