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Energy => Crude Oil => Oil Storage => Topic started by: TradersCom on January 04, 2017, 02:53:45 PM

Title: EIA Oil Inventories Crude -7.051M Draw Gasoline 8.307M Build #TCoil
Post by: TradersCom on January 04, 2017, 02:53:45 PM
U.S. Energy Information Administration (EIA) data for the week ended December 30, 2016

Crude -7051K vs exp Draw -1715k Prior+614k API  -7400k
Cushing +1070k vs exp Build +530k  Prior+172k  API +482k
Gasoline +8307K vs exp Build+1700k Prior  -1593K API +4250k
Distillate +10,051K vs exp  Build +2125k Prior  -1881K  API +5240k
Refinery utilization +1.0% vs exp +0.5% Prior -0.50%
Weekly production +0.004 mbpd to 8.770 mbpd, currently -0.449 mbpd lower YOY
Imports 7.18 -.984
Note in in bbls *exp = Reuters poll est except Cushing

View Prev Week Report & Analysis (http://traderscommunity.com/forum/index.php?topic=1014.0).
  (http://assets.bwbx.io/images/iHbrYiuUFJPU/v3/750x-1.jpg)


DOE Estimates via @EnergyBasis

NB: Based off of 11-Yr Avg this is the last week Distillate stocks draw, then build through the beginning of January
also "Historically" #Gasoline stocks build now through end of February

(https://pbs.twimg.com/media/C1W3pkmUUAACIo4.jpg)

(https://pbs.twimg.com/media/C1W3sxLVEAAtZ8m.jpg)

(https://pbs.twimg.com/media/C1W3wsnVQAACs_J.jpg)

EIA Prep via @DigStic

(https://pbs.twimg.com/media/C02yciDXEAEHf9B.jpg)

API via Marketwatch

Quote
The American Petroleum Institute late Wednesday reported a much bigger-than-expected drop of 7.4 million barrels in U.S. crude supplies for the week ended Dec. 30, according to sources. Analysts polled by S&P Global Platts forecast a stockpile decline of 1.7 million barrels. Supply data from the Energy Information Administration will be released Thursday morning, a day late due to the New Year's Day holiday. February crude CLG7, +1.80% was at $53.30 a barrel in electronic trading, up from the contractís settlement of $53.26 on the New York Mercantile Exchange.

http://www.marketwatch.com/story/api-data-show-drop-of-74-million-barrels-in-us-crude-supplies-sources-2017-01-04 (http://www.marketwatch.com/story/api-data-show-drop-of-74-million-barrels-in-us-crude-supplies-sources-2017-01-04)

Ahead of API crude oil futures CL_G7 settled at $53.26/bbl +$0.93. +1.78%.

** Note with the unreliability of the API numbers highlighted by its constant debacles we offer you the bare bones of that report.

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Check out OOTTNews.com (http://www.oottnews.com) for the latest news and data on oil markets.

From TradersCommunity Research
Title: Re: Preview EIA Oil Inventories Crude Gasoline #TCoil
Post by: HeidsterTrades on January 05, 2017, 08:49:00 AM
Oil up on Aramco announcing up to 7% more cuts.

"Saudi Aramco discuss possible oil supply cuts of up to 7 pct for Feb" (http://www.dailymail.co.uk/wires/reuters/article-4090450/Saudi-Aramco-discuss-possible-oil-supply-cuts-7-pct-Feb--sources.html)
Title: Re: Preview EIA Oil Inventories Crude Gasoline #TCoil
Post by: HeidsterTrades on January 05, 2017, 10:02:44 AM
(https://pbs.twimg.com/media/C1a0H7fVIAIms8H.jpg:large)

Quote
Summary of Weekly Petroleum Data for the Week Ending December 30, 2016
U.S. crude oil refinery inputs averaged 16.7 million barrels per day during the week
ending December 30, 2016, 132,000 barrels per day more than the previous weekís
average. Refineries operated at 92.0% of their operable capacity last week. Gasoline
production decreased last week, averaging about 9.5 million barrels per day. Distillate
fuel production increased last week, averaging over 5.3 million barrels per day.
U.S. crude oil imports averaged 7.2 million barrels per day last week, down by 984,000
barrels per day from the previous week. Over the last four weeks, crude oil imports
averaged 7.8 million barrels per day, 0.5% above the same four-week period last year.
Total motor gasoline imports (including both finished gasoline and gasoline blending
components) last week averaged 722,000 barrels per day. Distillate fuel imports averaged
99,000 barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Reserve) decreased by 7.1 million barrels from the previous week. At 479.0 million
barrels, U.S. crude oil inventories are near the upper limit of the average range for this
time of year. Total motor gasoline inventories increased by 8.3 million barrels last week,
and are near the upper limit of the average range. Both finished gasoline inventories and
blending components inventories increased last week. Distillate fuel inventories increased
by 10.1 million barrels last week and are above the upper limit of the average range for
this time of year. Propane/propylene inventories fell 2.7 million barrels last week but are
in the upper half of the average range. Total commercial petroleum inventories increased
by 6.1 million barrels last week.
Total products supplied over the last four-week period averaged 19.6 million barrels per
day, down by 0.5% from the same period last year. Over the last four weeks, motor
gasoline product supplied averaged 9.0 million barrels per day, down by 0.2% from the
same period last year. Distillate fuel product supplied averaged over 3.8 million barrels
per day over the last four weeks, up by 8.1% from the same period last year. Jet fuel
product supplied is up 4.0% compared to the same four-week period last year.
Title: PADD3 EIA Oil Inventories Crude -7.051M Draw Gasoline 8.307M Build #TCoil
Post by: TradersCom on January 05, 2017, 10:50:41 AM
PADD3 DOE Report (in mbbls) for Week Ending December 30, 2016 via @EnergyBasis

(https://pbs.twimg.com/media/C1a0GZvUkAEeEAw.jpg:large)
Title: Crude stocks currently 28.06 mb higher YOY.
Post by: TradersCom on January 05, 2017, 10:53:20 AM
Crude stocks fell by -7.051 mbbls to 479.01 mbbls, stocks are currently 28.06 mbbls higher YOY. @EnergyBasis

(https://pbs.twimg.com/media/C1a0lPxUoAA3r0L.jpg)
Title: Crude Production rose by 0.004 mbpd to 8.770 mbpd,
Post by: TradersCom on January 05, 2017, 11:02:13 AM
Crude production rose by 0.004 mbpd to 8.770 mbpd, production is currently -0.449 mbpd lower YOY via @EnergyBasis

(https://pbs.twimg.com/media/C1a0pTOVQAAhOyd.jpg)
Title: Gasoline Stocks and Demand Charts - EIA
Post by: TradersCom on January 05, 2017, 12:02:21 PM
Gasoline stocks rose by 8.307 mbbls to 235.45 mbbls, stocks are currently 3.454 mbbls higher YOY. via @EnergyBasis 

(https://pbs.twimg.com/media/C1a0zpfUkAAaF_w.jpg)

Gasoline demand fell by -0.813 mbpd to 8.465 mbpd, demand is currently 0.306 mbpd higher YOY. via EnergyBasis

(https://pbs.twimg.com/media/C1a02rfVEAUX6Rx.jpg)
Title: Distillate Stocks and Demand Charts - EIA
Post by: TradersCom on January 05, 2017, 12:06:26 PM
Distillate demand fell by -1.175 mbpd to 2.792 mbpd, demand is currently -0.242 mbpd lower YOY.‏ via @EnergyBasis

(https://pbs.twimg.com/media/C1a0w9EUAAEaXd1.jpg)

Distillate stocks rose by 10.051 mbbls to 161.69 mbbls, stocks are currently 2.267 mbbls higher YOY via @EnergyBasis ‏

(https://pbs.twimg.com/media/C1a0tjxVQAAV_SJ.jpg)
Title: Gasoline & Distillate Product Stocks by PADD
Post by: TradersCom on January 05, 2017, 12:10:06 PM
Gasoline Stocks (in mbbls) by #PADD for Week Ending December 30, 2016 via @EnergyBasis

(https://pbs.twimg.com/media/C1a1KOsUoAACh2i.jpg)

Distillate Stocks (in mbbls) by #PADD for Week Ending December 30, 2016 via @EnergyBasis

(https://pbs.twimg.com/media/C1a1TmIVIAAj4Lc.jpg)
Title: Baker Hughes US oil rig count Up 4 to 529
Post by: TradersCom on January 06, 2017, 12:09:18 PM
Baker Hughes US oil rig count 529 vs 525 prior

http://phx.corporate-ir.net/phoenix.zhtml?c=79687&p=irol-rigcountsoverview