U.S. OIL INVENTORIES 441.4 MBBL

OGJ - US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, remained virtually unchanged for the week ended Dec. 28, 2018, compared with the previous week.

At 441.4 million bbl, estimated US oil inventories were 8% above the 5-year average for this time of year, EIA said. 

Total US motor gasoline inventories increased by 6.9 million bbl for the week ended Dec. 28, which was about 5% above the 5-year average for this time of year.

US refinery inputs averaged 17.8 million b/d for the week ended Dec. 28, which was 410,000 b/d more than the previous week's average.

Refineries operated at 97.2% of capacity last week. Gasoline production decreased last week, averaging 9.5 million b/d. Distillate fuel production increased last week, averaging 5.6 million b/d.

Crude oil imports averaged 7.4 million b/d, down by 264,000 b/d from the previous week. Over the past 4 weeks, crude oil imports averaged about 7.5 million b/d, 4.1% less than the same 4-week period last year.

Total motor gasoline imports, including both finished gasoline and gasoline blending components, last week averaged 314,000 b/d, and distillate fuel imports averaged 195,000 b/d.

-----

Earlier: 

2018, December, 29, 13:45:00 U.S. RIGS UP 3 TO 1,083 BHGE - U.S. Rig Count is up 3 rigs from last week to 1,083, with oil rigs up 2 to 885 and gas rigs up 1 to 198. Canada Rig Count is down 61 rigs from last week to 70, with oil rigs down 43 to 15 and gas rigs down 18 to 55.

2018, December, 26, 07:20:00 U.S. OIL INVENTORIES 441.5 MBBL DOWN 500 TBBL OGJ - US crude oil inventories, excluding the Strategic Petroleum Reserve, decreased by 500,000 bbl for the week ended Dec. 14, according to data from the US Energy Information Administration.

2018, December, 24, 12:00:00 U.S. PRIMARY ENERGY PRODUCTION 8.0 QUADRILLION BTU U.S. EIA - U.S. primary energy production totaled 8.0 quadrillion British thermal units (Btu), a 10% increase compared with September 2017.

2018, December, 24, 11:55:00 U.S. OIL CAPEX DOWN PLATTS - Three aggressive independent Permian Basin upstream operators released capital budgets for 2019 in the last few days that are lower than either prior expectations or actual 2018 spending by at least 12% to 15%, as corporate executives attributed reduced activity to the recent plunge in oil prices.

2018, December, 24, 11:15:00 U.S. RIGS UP 9 TO 1,080 BHGE - U.S. Rig Count is up 9 rigs from last week to 1,080, with oil rigs up 10 to 883 and gas rigs down 1 to 197. Canada Rig Count is down 43 rigs from last week to 131, with oil rigs down 37 to 58 and gas rigs down 6 to 73.

2018, December, 21, 14:25:00 U.S. OIL PRODUCTION 11.6 MBD API - The U.S. produced a record 11.6 million barrels of oil per day (mb/d) and a record 4.8 mb/d of NGLs in November. Crude exports also hit a record high at 2.4 million barrels per day last month, and U.S. petroleum net imports fell at their lowest monthly level in more than 50 years at 2.2 million barrels per day.

2018, December, 21, 14:20:00 U.S. PRODUCTION: OIL + 134 TBD, GAS + 1,127 MCFD U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 134,000 b/d month-over-month in January from 8,032 to 8,166 thousand barrels/day , gas production to increase 1,127 million cubic feet/day from 75,789 to 76,916 million cubic feet/day .