DOE Estimates via @EnergyBasis
|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.
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 FebruaryEIA Prep via @DigSticAPI 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. http://www.marketwatch.com/story/api-data-show-rise-in-us-crude-supplies-unexpected-jump-in-distillates-sources-2017-01-10
"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.More Energy NewsPreview EIA Oil Inventories Crude Gasoline #TCoil Another Milestone for Iran Oil, Vitol does $1 Bln Pre-Finance Deal Nigeria Awards 39 Oil Contracts Natural Gas Futures Crash 10%. Weather Trading Over Winter, A Cautionary Tale Which Company Will Russia Oil Production Cuts Come From? Natural Gas 2016ís Best-Performing Commodity on Weather, Options & Exports US Oil Rigs Continue to Rise Add 2 to 525 for 9th Week says Baker Hughes Asia Doubles Purchases of Iran Crude Oil Since Sanctions Lifted Russia To Use Record Oil Production as Baseline For OPEC cuts From Istanbul to Vienna The OPEC Oil Production Deal Schedule
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