Author Topic: EIA Oil Inventories Crude -7.051M Draw Gasoline 8.307M Build #TCoil  (Read 1822 times)


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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.

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

API via Marketwatch

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.

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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