EIA reported a large draw in crude oil inventories but less than API. Both gasoline and distillates showed bigger builds with production falling from all time highs last week. With hurricane Florence hitting the EastCoast gasoline and the cracks are in focus.
EIA reported a large draw in crude oil inventories but less than API. Both gasoline and distillates showed bigger builds with production falling from all time highs last week. With hurricane Florence hitting the EastCoast gasoline and the cracks are in focus.
Crude Oil Tanks at Cushing OK, Basis For the WTI Futures Contract.
DOE Weekly Petroleum Status Report: 9/5/18
- via TradersCommunity.com
- Release Time: Thursday 12 September 2018 – 10:30 ET
| Actual | Expected | Prior EIA | API | |
| Crude | -5296k | -800k | -4302k | -8636k |
| Cushing | -1242k | -1123k | +549k | -1165k |
| Gasoline | +1250k | +1500k | +1845k | +2122k |
| Distillate | +6163k | +1800k | +3119k | +5821k |
Note in bbls *exp = Reuters poll est except Cushing
- Refinery Utilization +1.0% to 97.6% Exp -0.3%
- Production -. 10 to 10.90k (11.00k bd (ATH) +14.7% y/y)
Summary of Weekly Petroleum Data for the Week (Live Link)
US Crude Oil Prices and Recessions
Via John Kemp @JKempEnergy
Criterion U.S. Crude Oil Production Forecast @Criterionrsch
WTI Crude Oil Futures Weekly Chart Outlook via @KnovaWave
WTI Crude Oil Futures Committment of Traders
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
The Fundamental Angle with Brynne Kelly @BrynneKKelly
DigStic Data @DigStic
RonH Data @Ronh999
US Oil Exports off their 2018 (ATH) high.
US Oil Imports Week Over Week
US Oil Input Into Refineries Per Day
US consumers spent $1.148 billion per day for gasoline last week. That is $63.4 million more dollars per day than same week last year.
US gasoline avg retail price was $2.833 per gallon. That is 14.8 cents more per gallon YoY.
US consumers bought 405.26 million gallons of gasoline per day last week.
US Oil Field Production Drops From ATH
US May oil production per day was 10.442 mil bpd. This is lower than the weekly reports that averaged about 10.7 mil bpd.
US Oil Refinery Utilization
Cushing Oil Stocks
NB: Check out Ron’s great work at Ron H Public Tableau Link
Ahead of API July WTI crude oil futures settled at $66.36/bbl. $0.26. +0.39% via @Lee_Saks
API via Marketwatch
** Note with the unreliability of the API numbers highlighted by its constant debacles we offer you the bare bones of that report.
Key EIA and CME Dates For WTI Crude Oil
CME Crude Oil Futures Calendar
CME Crude Oil Options Calendar
REGULAR & HOLIDAY RELEASE SCHEDULE
Further Crude Oil Analysis Criterion Research
From TradersCommunity Research