EIA Report Surprise Crude Oil and Gasoline Builds

The EIA Inventory report showed large builds in crude oil and gasoline this week with WTI climbing over $72 bbl We saw production unchanged and oil rigs continue to rise. Crude speculators are unwinding record length within in a shifting geopolitical risk matrix.

EIA Inventory report showed large draws in Crude oil and products last week with WTI climbing over $72 bbl. Crude speculators are unwinding record length within in a shifting geopolitical risk matrix.

Cushing Storage Tanks

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

DOE Weekly Petroleum Status Report: 5/16/18

  • via TradersCommunity.com
  • Release Time: Wedneday 23 May 2018 – 10:30 ET 
 ActualExpectedPrior EIAPrevious API
Crude+5778k-2800k-1404k-1300k
Cushing1223k  -197k+53k-822k
Gasoline

+1883k

-1500k-3790k+980k
Distillate-951k

-1000k

-92k-1300k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization Prior +0.7% to 91.8% Exp -0.2% 
  • Production UNCH After Prior +0.2% to 10.723 mbd ( ATH) +15.2% y/y

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

US Petroleum Inventories Getting Tight? via Barclays Research

US Total Petrol Inventories March 2018Cushing March 2018

Criterion U.S. Crude Oil Production Forecast ‏@Criterionrsch

 

WTI and Brent Crude Oil Futures Committment of Traders

CL COT 5 14 18

EIA Inventory Forecast via @tankertrackers.com

Here is a great shot of Cushing crude oil storage when it was down 45% year-on-year with the red tanks highlighting the empties

 

The Fundamental Angle with Brynne Kelly ‏@BrynneKKelly

 

 

 

  

DigStic Data @DigStic

 

 
 

 

  

RonH Data ‏@Ronh999

 

US Oil Exports 

 

US Oil Imports Week Over Week 

 

US Oil Input Into Refineries Per Day

 

US consumers spent $1.1895 billion per day for gasoline last week. That is $211.60 million more dollars per day than same week last year. 

US consumers bought 406.94 million gallons of gasoline per day last week. 

US Oil Field Production, Unchanged At Record High

 US Oil Refinery Utilization

Cushing Oil Stocks

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

WTI Oil Futures (CL) via‏ @Lee_Saks

Ahead of API  June WTI crude oil futures settled at U.S. crude at

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

Leave a Reply

Your email address will not be published.