Author Topic: EIA Oil Inventories 4.097M Crude Build 5.023M Gasoline Build #TCoil  (Read 1480 times)


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U.S. Energy Information Administration (EIA) data for the week ended January 6, 2017

Crude +4097 vs exp Build +600k Prior -7051K API +1530k
Cushing -579k vs exp Draw - 784k Prior+1070k API -187k
Gasoline +5023k vs exp Build+1500k Prior +8307K API +1690k
Distillate 8356k vs exp Build +700k Prior +10,051K API +5480k
Refinery utilization  1.60% vs exp -0.4% Prior +1.0%
Weekly production +0.176 mbpd to 8.946 mbpd, currently -0.281 mbpd lower YOY.
Imports Prior 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 Tuesday reported a rise in U.S. crude supplies that was slightly below some market expectations, along with a hefty, unexpected jump in distillate inventories, according to sources. Data revealed a rise of 1.5 million barrels in U.S. crude supplies for the week ended Jan. 6. Analysts polled by S&P Global Platts forecast a climb of 1.75 million barrels. Sources also said gasoline supplies rose by roughly 1.7 million barrels and distillates jumped by a more-than-expected 5.5 million barrels.

"A big build in distillate may be because of weather impacting exports last week," said Price Futures Group's Phil Flynn. Supply data from the Energy Information Administration will be released Wednesday morning. February crude CLG7, +0.22% was at $50.82 a barrel in electronic trading, unchanged from the contractís settlement on the New York Mercantile Exchange.

Ahead of API crude oil futures CL_G7 settled at at $50.82/bbl⬇-$1.14. -2.19% on volume: ~550k

** 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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« Last Edit: January 11, 2017, 09:42:37 AM by TradersCom »
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