Author Topic: EIA Oil Inventories Crude +614k Build Gasoline 1593K Draw #TCoil  (Read 1568 times)

TradersCom

  • Administrator
  • Hero Member
  • *****
  • Posts: 2511
  • Country: us
    • View Profile
U.S. Energy Information Administration (EIA) data for the week ended December 23, 2016

Crude +614k vs exp Draw -1500k Prior+2256k API +4200k
Cushing +172k  vs exp Build +530k Prior-245k API +528k
Gasoline --1593K vs exp  Build+1500k Prior -1309k API -2800k
Distillate -1881K vs exp Build +1800k Prior  -2420k API -1700k
Refinery utilization -0.50% vs exp +0.3% Prior +0.1%
Weekly production  vs Prior
Imports   vs Prior --.943k
Note in in bbls *exp = Reuters poll est except Cushing

View Prev Week Report & Analysis.
 


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

EIA Prep via @DigStic



- Ahead of API US crude oil futures settled $54.06 + $.16 or 0.30%. High for the day $54.37, low $53.56.

API via OilPrice

Quote
The American Petroleum Institute’s (API) weekly report showed build of 4.2 million barrels to the United States’ commercial crude inventories, instead of an expected 1.5 million-barrel draw.

Gasoline inventories have seen several weeks of strong additions consumption started to fall because the winter weather has caused a bit of a lull in demand while refineries continue to churn out gasoline. API data this week shows a 2.8 million barrel draw to gasoline stockpiles whereas a one million barrel draw was predicted.

Crude levels at the Cushing, Oklahoma continue to increase, and are rising in line with analyst expectations, 528,000 barrels were added. Crude storage levels at this key site have been rising rapidly since October, and this week’s report confirms the fourth build in five weeks according to Zerohedge.

Lastly, API data sees a bullish 1.7 million barrel draw to distillate inventories.

http://oilprice.com/Latest-Energy-News/World-News/Oil-Falls-After-API-Reports-The-Biggest-Crude-Inventory-Build-In-6-Weeks.html

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

Check out OOTTNews.com for the latest news and data on oil markets.

From TradersCommunity Research
Markets Claws of Chaos

HeidsterTrades

  • Administrator
  • Full Member
  • *****
  • Posts: 217
  • Country: us
  • Join me at my website, www.OOTTNews.com :)
    • View Profile
    • #OOTTNews
Re: Preview EIA Oil Inventories Crude Gasoline #TCoil
« Reply #1: December 29, 2016, 10:02:04 AM »


Summary of Weekly Petroleum Data for the Week Ending December 23, 2016

U.S. crude oil refinery inputs averaged about 16.6 million barrels per day during the week ending December 23, 2016, 101,000 barrels per day less than the previous week’s average. Refineries operated at 91.0% of their operable capacity last week. Gasoline production increased last week, averaging over 10.5 million barrels per day. Distillate
fuel production decreased last week, averaging about 5.0 million barrels per day.

U.S. crude oil imports averaged about 8.2 million barrels per day last week, down by 304,000 barrels per day from the previous week. Over the last four weeks, crude oil imports averaged 8.1 million barrels per day, 2.4% above the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 434,000 barrels per day. Distillate fuel imports averaged 157,000 barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.6 million barrels from the previous week. At 486.1 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 decreased by 1.6 million barrels last week,
but are in the upper half of the average range. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories decreased by 1.9 million barrels last week but are near the upper limit of the average range for this time of year. Propane/propylene inventories fell 5.7 million barrels last
week but are in the upper half of the average range. Total commercial petroleum inventories decreased by 12.9 million barrels last week.

Total products supplied over the last four-week period averaged 19.9 million barrels per day, down by 1.5% from the same period last year. Over the last four weeks, motor gasoline product supplied averaged over 9.0 million barrels per day, down by 2.8% from the same period last year. Distillate fuel product supplied averaged about 4.1 million barrels per day over the last four weeks, up by 12.7% from the same period last year. Jet fuel product supplied is up 5.3% compared to the same four-week period last year.
« Last Edit: December 29, 2016, 10:03:38 AM by TradersCom »
Join me at my website, www.OOTTNews.com For the latest oil news, prices, events and commentary!!! :)

TradersCom

  • Administrator
  • Hero Member
  • *****
  • Posts: 2511
  • Country: us
    • View Profile
Week over Week EIA stock change Table via ‏@DigStic

Markets Claws of Chaos

TradersCom

  • Administrator
  • Hero Member
  • *****
  • Posts: 2511
  • Country: us
    • View Profile
4 week ave Supply and demand  EIA  graph via ‏@DigStic

Markets Claws of Chaos

TradersCom

  • Administrator
  • Hero Member
  • *****
  • Posts: 2511
  • Country: us
    • View Profile
Cumulative Weekly Change in Crude Stocks graph via ‏@DigStic

Markets Claws of Chaos

TradersCom

  • Administrator
  • Hero Member
  • *****
  • Posts: 2511
  • Country: us
    • View Profile
Cumulative Weekly Change in Cushing Stocks graph via ‏@DigStic

Markets Claws of Chaos

TradersCom

  • Administrator
  • Hero Member
  • *****
  • Posts: 2511
  • Country: us
    • View Profile
Cumulative Weekly Change in Distillate Stocks graph via ‏@DigStic


Markets Claws of Chaos

TradersCom

  • Administrator
  • Hero Member
  • *****
  • Posts: 2511
  • Country: us
    • View Profile
Cumulative Weekly Change in Gasoline Stocks graph via ‏@DigStic

Markets Claws of Chaos

TradersCom

  • Administrator
  • Hero Member
  • *****
  • Posts: 2511
  • Country: us
    • View Profile
CHART OF THE DAY (2): Javier Blas @JavierBlas2

U.S. net imports of crude oil and refined petroleum products plunge to 25-year low (weekly data available from 1991)

Markets Claws of Chaos

TradersCom

  • Administrator
  • Hero Member
  • *****
  • Posts: 2511
  • Country: us
    • View Profile
CHART OF THE DAY (1): Javier Blas ‏@JavierBlas2

U.S. exports of crude oil and refined petroleum products surge to all-time high of nearly 6.5 million b/d

Markets Claws of Chaos

ThePitBoss

  • Administrator
  • Hero Member
  • *****
  • Posts: 1635
  • Country: us
    • View Profile
    • Traders Community
Thin day with little reaction here's the settles:

- NYMEX January WTI crude settled down 29 cents at $53.77/b.
- ICE February Brent expired 8 cents lower at $56.14/b and  the March contract settled down 11 cents at $56.85/b.

- NYMEX January ULSD settled 44 points higher at $1.7037/gal
- NYMEX January RBOB settled 74 points higher at $1.6820/gal.

Live From The Pit

ThePitBoss

  • Administrator
  • Hero Member
  • *****
  • Posts: 1635
  • Country: us
    • View Profile
    • Traders Community
Main aspect behind last week's build was slowdown in refinery activity. Crude runs fell 101,000 b/d to 16.557 million b/d. This lowered the refinery utilization rate by 0.5 percentage point to 91% of capacity.

Analysts expected an increase of 0.25 to 0.5 percentage points based on seasonal trends. This time of year refiners traditionally ramp up activity in December after completing autumn maintenance.
Live From The Pit

 


Google Ads