EIA reported another huge build in crude oil and a build in gasoline inventories this week. Production was higher again at an all time high. However the chatter is OPEC forecasting even higher shale production.
EIA reported another huge build in crude oil and a build in gasoline inventories this week. Production was higher again at an all time high. However the chatter is OPEC forecasting even higher shale production
Crude Oil Tanks at Cushing OK, Basis For the WTI Futures Contract.
- via TradersCommunity.com
- Release Time: Thursday 11 October 2018 – 11:00 ET
Note in bbls *exp = Reuters poll est except Cushing
- Refinery Utilization -1.6% at 88.8% Exp -0.3%
- Production +0.10 11.20k bd (ATH) +15.1% y/y)
Via John Kemp @JKempEnergy
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
US Oil Exports off their 2018 (ATH) high.
US Oil Imports Week Over Week
US Oil Input Into Refineries Per Day
US consumers spent $1.1068 billion per day for gasoline last week. That is $100.1 million more dollars per day than same week last year.
US gasoline avg retail price was $2.903 per gallon, 39.9 cents more per gallon YoY.
US consumers bought 381.28 million gallons of gasoline per day last week.
US Oil Field Production 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
Further Crude Oil Analysis Criterion Research
From TradersCommunity Research