Another Huge Crude Oil Build as Exports and Production Fall

EIA reported another huge build in crude oil and a draw in gasoline inventories last week.  Production fell however from  an all time high. The stand out was exports fell 30% while imports rose.

EIA reported another huge build in crude oil and a draw in gasoline inventories last week. Production fell however from  an all time high. The stand out was exports fell 30% while imports rose.

Cushing Storage Tanks

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

DOE Weekly Petroleum Status Report: 10/12/18

  • via TradersCommunity.com
  • Release Time: Wednesday 17 October 2018 – 10:30 ET 
ActualExpectedPrior EIAAPI
Crude+6490k +1100k+5987k-2134k
 Cushing+1776k +1460k+2359k+1530k
Gasoline

-2016k

-1600k+951k-3415k
Distillate-827k

-1200k

-2666k-246k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization  UNCH at 88.8% Exp -0.5%
  • Production  -.300k to 10.90k bd +14.8% 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 10 13 18

DigStic Range Data @DigStic – Where are the key option, break points?

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 $1.11 billion per day for gasoline last week. That is $155.1 million more dollars per day than same week last year.  

US gasoline avg retail price was $2.879 per gallon, 39 cents more per gallon YoY.  

US consumers bought 385.64 million gallons of gasoline per day last week. 

US Oil Field Production Pulls Back 300 kbpd From 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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