U.S. Hits Record Production as Crude Oil and Gasoline Inventories Build

EIA reported a build in crude oil and gasoline inventories this week.  Production rose to an all time high. All the chatter is Iran and OPEC+ but what about the Permian?

EIA reported a build in crude oil and gasoline inventories this week.  Production rose to an all time high. All the chatter is Iran and OPEC+ but what about the Permian? 

Cushing Storage Tanks

Crude Oil Tanks at Cushing OK, Basis For the WTI Futures Contract.

DOE Weekly Petroleum Status Report: 9/19/18

  • via TradersCommunity.com
  • Release Time: Wednesday 26 September 2018 – 10:30 ET 
ActualExpectedPrior EIAAPI
Crude+1853k  -2700k-2057k+2903k
 Cushing+461k +560k-1250k+260k
Gasoline

+1530k

-100k-1759k+949k
Distillate-2241k

+800k

+839k-944k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization -5.0% to 90.4% Exp -0.3% 
  • Production +.100k to 11.10k bd (ATH) +14.9% y/y)

Summary of Weekly Petroleum Data for the Week (Live Link)

 

US Crude Oil Prices and Recessions

 

Via John Kemp @JKempEnergy 

 

 

WTI Crude Oil Futures Weekly Chart Outlook via @KnovaWave

MW WTI W 9 22 18

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 $1.0735 billion per day for gasoline last week. That is $40.5 million more dollars per day than same week last year.  

US gasoline avg retail price was  26.1 cents more per gallon YoY.  

US consumers bought 377.45 million gallons of gasoline per day last week. 

US Oil Field Production Hits Another ATH 

US Oil Refinery Utilization 

 Cushing Oil Stocks

NB: Check out Ron’s great work at Ron H Public Tableau Link

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

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