The EIA reported a huge draw in crude of -9499k bbls higher than the -8129k API reported. Cushing showed a smaller draw of -310k bbls. US production rose again in the shale revolution now just 100k off the record high to 12.30 mbpd.
The EIA reported a huge draw in crude of -9499k bbls higher than the -8129k API reported. Cushing showed a smaller draw of -310k bbls. US production rose again in the shale revolution now just 100k off the record high to 12.30 mbpd.
rose again in the shale revolution now just 100k off the record high to 12.30 mbpd.
The EIA reported a huge draw in crude of -9499k bbls higher than the -8129k API reported. Cushing showed a smaller draw of -310k bbls. US production rose again in the shale revolution now just 100k off the record high to 12.30 mbpd.
Crude Oil Tanks at Cushing OK, Basis For the WTI Futures Contract.
DOE Weekly Petroleum Status Report: 7/3/19
- via TradersCommunity.com
- Release Time: Wednesday July 10 2018 –10.30 ET
| EIA | Expected | Prior EIA | API | |
| Crude | -9499k | -3100k | -1085k | -8129k |
| Cushing | -310k | -760k | +652k | -754k |
| Gasoline | -1455k | -1300k | -1583k | -257k |
| Distillate | +3729k | -700k | +3690k | -1700k |
Note in bbls *exp = Reuters poll est except Cushing
- Refinery Utilization +0.5% at 94.8% Exp +0.2%
- Production +100k to 12.30k bd (12.40 ATH)
Summary of Weekly Petroleum Data for the Week (Live Link)
API Crude Inventories
Weekly Global Oil Prices
WTI Crude Oil Futures Weekly Chart Outlook via @KnovaWave
WTI after the 3 touches of the daily downtrend channel only to spit and reversed hard. This week we saw inconclusion but on Friday closed at the 50 dma under the Tenkan, Key are channel and 50 dma with Kijun tests. A C wave or a iii of I are the alternatives. Watch for spits now with fear in the pricing.
WTI finished the week over the weekly Tenkan and under 50wma (green), now as key resistance with channel, We got the expected retest there to bring chikou back in balance (blue) – watch Murrey confluence with the cloud acting as resistance.
Crude Oil Futures Committment of Traders
A reminder that CFTC’s weekly #CoT updates covering the week to July 2 are delayed until 3:30pm ET on Monday
Latest ICE and CFTC Open Interest Data:
CTFC and ICE open interest:
Speculators cut bullish #Brent crude #oil bets by 7k lots to 248k lots, a five-month low, during the wk to July 2. Demand worries cont. to outweigh geopolitical risks. The CFTC’s delayed COT report due later today via Ole S Hansen @Ole_S_Hansen
OILytics @OilyticsData
Ole S Hansen @Ole_S_Hansen
Understanding DCOT Reports
Read Understanding Commitments of Traders Reports – COT, TFF and DCOT to help understand the disaggregated reports (DCOT) and how they break down the reportable open interest positions into four classifications: 1. Producer/Merchant/Processor/User 2. Swap Dealers 3. Managed Money 4. Other Reportables
Crude Oil Option Volatilty Watch via commodityvol.com
WTI Vol July 5, 2019 NYMEX LO = CRUDE OIL OPTIONS
via CommodityVol.com @CommodityImpVol
Update of Brent & WTI Option Vol (Live Link)
Front month crude puts look offered over the last five days – July 10
Here is the skew pic over the first few contract months – July 10
The Fundamental Angle with Brynne Kelly @BrynneKKelly
DigStic Data @DigStic
RonH Data @Ronh999
Cushing Oil Stocks
NB: Check out Ron’s great work at Ron H Public Tableau Link
US Oil Exports Coming BAck After NEW ATH.
US Oil Imports Week Over Week
US Oil Input Into Refineries Per Day
US consumers spent $1,123.70 million dollars per day for gasoline last week. That is +10.80 mil YoY.
US avg retail price for gasoline was $2.743 last week. That is -11.40 cents YoY.
US consumers bought 409.66 million gallons of gasoline per day last week. That is +20.12 mil YoY
US Oil Field Production of 12.30 OFF ATH 12.40
US Crude Oil Production by State and API at April 2019 via OILytics @OilyticsData
Crude Production by state and API: Data updated until April-19. L48 monthly production growth y/y at 1708KBD
Y-o-Y production growth (KBD):
- API 25 and lower: +22
- 25-30: +98
- 30-35: +105
- 35-40: +479
- 40-45: +522
- 45-50: +428
- 50+: +60
** Note with the unreliability of the API numbers highlighted by its constant debacles we offer you the bare bones of that report.
OILytics @OilyticsData
EIA Crude Imports by Country:
Crude imports slight down to 7.3MMBD. Canada exporting near record levels last week at 3.9MMBD. While record amounts of Brazilian crude coming to the US as Brazilian production ramps up. #oott
EIA Product Stats:
Bullish gasoline (-1.4MM), bearish distillate (+3.7MM) numbers as refineries run at max levels. Gasoline demand and overall demand holding. Gasoline yield down due to PES refinery shutdown. Overall product stocks continue to build and are at 9-month highs.
EIA Crude Stats:
A larger than expected draw of -9.5MM as adjustment factor turns negative for the first time in 9 weeks and swings 0.8MMBD. Strong refinery runs of 17.4MMBD despite the PES shutdown. Imports and exports relatively changed w-o-w
US Crude Oil Prices and Recessions
Via John Kemp @JKempEnergy
Key EIA and CME Dates For WTI Crude Oil
CME Crude Oil Futures Calendar
CME Crude Oil Options Calendar
REGULAR & HOLIDAY RELEASE SCHEDULE
From TradersCommunity Research