Petroleum Supply Monthly

Petroleum Supply Monthly. It is a principal statistical publication issued by the U.S. Energy Information Administration (EIA) providing comprehensive data on the supply and disposition of petroleum in the United States. The report offers detailed insights into domestic production, imports, exports, and stock levels for crude oil and a wide array of petroleum products. It serves as a critical resource for energy industry analysts, policymakers, and economists tracking the dynamics of the U.S. petroleum market.

Overview

The publication is a cornerstone of public energy data, presenting a detailed statistical picture of the U.S. petroleum supply chain from production to end-use. It covers all fifty states and key districts such as the Gulf Coast and Midwest, providing granular data on refinery operations and product yields. The data series within the report are instrumental for understanding trends in energy independence and the operational status of facilities like the Strategic Petroleum Reserve. Its findings are often cited in analyses by institutions like the International Energy Agency and reports from major financial entities such as JPMorgan Chase.

Data Collection and Methodology

Data is compiled through mandatory surveys filed by operators across the petroleum industry, including crude oil producers, refineries, and bulk terminal operators, under the authority of the Energy Policy and Conservation Act. The EIA employs rigorous estimation techniques for preliminary data, which are subsequently revised and finalized in later editions based on more complete responses. This methodology ensures consistency with other key EIA reports like the Weekly Petroleum Status Report and the annual Petroleum Supply Annual. The geographic coverage includes data from major production regions like the Permian Basin and import points such as the Port of Houston.

Key Statistics and Reports

Each issue features extensive tables detailing crude oil production, notably from regions like the Bakken Formation and the Eagle Ford Group, as well as imports from countries such as Canada and Saudi Arabia. It reports stocks of major products including motor gasoline, distillate fuel oil, and jet fuel, alongside refinery inputs and outputs. Critical metrics like refinery utilization rates and export volumes to destinations like the European Union and China are provided. The report also tracks movements through key infrastructure such as the Colonial Pipeline and storage at Cushing, Oklahoma.

Uses and Applications

The data is extensively used by commodity traders on exchanges like the New York Mercantile Exchange to inform trading strategies for West Texas Intermediate crude. Government agencies, including the Federal Reserve and the U.S. Department of Energy, utilize it for economic forecasting and policy formulation. Energy companies such as ExxonMobil and Chevron Corporation rely on it for market analysis and planning. Analysts from organizations like the Organization of the Petroleum Exporting Countries and Bloomberg L.P. reference it to assess global market conditions and the impact of events like Hurricane Katrina on supply.

Related Publications

The EIA publishes several closely related reports that complement the data. The Weekly Petroleum Status Report offers more frequent, timely estimates, while the Petroleum Supply Annual provides definitive, audited annual data. The Monthly Energy Review integrates petroleum statistics with data on other fuels like natural gas and coal. For international context, the EIA's International Energy Statistics and reports from the International Energy Agency, such as the Oil Market Report, provide a broader global perspective on markets affecting the United States.

Category:Energy in the United States Category:Publications of the United States government Category:Petroleum industry