UNITED STATES OF AMERICA
United States of America crude oil factory input averaged 16.0 million barrels per day during the week ending March 11, 2016.
This equates to about 38 days of oil, daily US consumption levels of 18.49 million barrels per day.
85,000 barrels/day more than the previous week’s average.
Distillate fuel production increased last week, averaging 4.8 million barrels per day.
U.S. crude oil imports averaged 7.7 million barrels per day last week, down by 355,000 barrels/day since the previous week.
Over the past four weeks, crude oil imports averaged about 8.0 million barrels per day, 10.0 percent above the same four-week period last year.
Gasoline production improved previous week, averaging over 10.0 million barrels/day.
Refineries operated at 89.0 percent of their operable capacity previous week.
Total motor gasoline imports (including both gasoline blending & finished gasoline components) last week averaged 716,000 barrels per day.
A net importer, Canada is not necessary to have strategic reserves by IAEA. A research institute released a report this January 2016 calling for one. If they were essential to hold 90days supply it would be about 60-70-mb/d
Alberta is rising as the most important crude oil storage hub in Canada.
Enbridge operates 3 million barrels of salt cavern storage at Hardisty.
At present, it constructs a new workstation with an initial capacity of 7.5 million barrels on top of ground storage. It will be one of the biggest crude oil storage terminals in North America.
After more than doubling its strategic oil reserves from last year, China might concern the brake to its buying spree as storage availability is expected to be limited.
Although a climate of miserable prices will decrease any urgency to snap up cargoes.
The National Bureau of Statistics believed China's SPR more than doubled its crude reserves to 26.1 million, or 191.31 million barrels by mid-2016, since 91.11 million barrels in November 2014.
The government had earlier indicated it wanted to achieve 90 days of forward import cover by the end of 2020.
One new site with 18.9 million barrels of the facility is likely to be completed in 2016, and two more sites with 62.9 million barrels capacity are predictable to be ready for next year, as expected by COA.
A supplementary of 31.45 million barrels of capability would be prepared in 2017.
The workstation at Mongstad incorporates 3 jetties capable of collecting vessels up to 440,000 tons, as well as 6 caverns blasted in the bedrock 50 meters underground. These caverns contain a total storage capacity of 1.5 million m3 of crude oil.
The Store oil terminal at Sture in Øygarden municipality close to Bergen receives oil & condensate via the pipeline from the Oseberg.
A capability as well as from the Oseberg, Veslefrikk, Brage, Oseberg Sør, Oseberg Øst, Tune & Huldra fields.
The workstation also receives Grane oil throughout the Grane Oil Pipeline. The terminal begins in service on December 1988.
“India's present total crude oil storage capacity can convene the country's oil requirement for 19 days only. India's existing 7.3 million tons of crude container & 6.8 million tons manufactured goods tankage capacity are dangerously low.”
In 2008 “India presently doesn’t preserve any tactical reserves; however oil companies do have tankage to store about 15 days of crude oil requirement & about 45 days of petroleum product production”
To make sure energy security, the Government of India has determined to set up 5 million metric tons (MMT) planned crude oil storages at 3 locations namely, Padur (near Udupi), Mangalore and Visakhapatnam. These strategic storages would be in addition to the existing storages of petroleum and crude oil products with the oil companies.
United Kingdom’s strategy has been to build companies hold the calculated reserves. As a crude oil producer, they only have to hold 67.5 days worth.
Refineries Owner Capacity (bpcd)
Fawley ExxonMobil 317,000
Grangemouth INEOS 196,650
Killingholme ConocoPhillips 190,000
Coryton BP 163,400 Lindsey Total 218,000
Milford Haven Total & Murco 102,600
Pembroke ChevronTexaco 209,000
Stanlow Shell 267,000
Teesside Petroplus 111,000
Australia doesn’t have Strategic storage capacity & relies on private producer normal stockpiling to maintain 90-day capacity required by IAE.
Refinery Capacity: megalitres per year
(Bulwer Island (BP—Brisbane) - 5110 liters
Lytton (Caltex—Brisbane) - 6270 liters
Clyde (Shell—Sydney) - 4930 liters
Kurnell (Caltex—Sydney) - 7540 liters
Altona (Mobil—Melbourne) - 4530 liters
Geelong (Shell—Geelong) - 6380 liters
Kwinana (BP—Kwinana, WA) - 7960 liters
Total - 42,720 liters