EIA Oil Inventories Show Large Crude and Product Draws

This week’s EIA Inventory report on Wednesday is straddled by options expiration on Tuesday and futures expiration Friday. Add this to a shifting geopolitical risk matrix for this week’s storage report.

This week’s EIA Inventory report on Wednesday is straddled by options expiration on Tuesday and futures expiration Friday. Add this to a shifting geopolitical risk matrix for this week’s storage report.

Cushing Storage Tanks

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

DOE Weekly Petroleum Status Report: 4/11/18

  • via TradersCommunity.com
  • Release Time: Wedneday 18 April 2018 – 10:30 ET 
 ActualExpectedPrior EIAAPI
Crude-1071k-1900k+3306k-1047k
Cushing-1115k1200k+1129k-1015k
Gasoline

2968k

-1000k+458k2473k
Distillate-3107k

-500k

-1044k-854k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization  -1.1% Prior +0.5% Exp -0.2% 
  • Production +15k to 10.540 mbd ( ATH) +14.4% 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

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 Pull Back Off New All Time High 

US Oil Imports Week Over Week 

US Oil Input Into Refineries Per Day

US consumers spent $1.137 billion per day for gasoline last week. That is $193.60 million more dollars per day than same week last year.

US consumers bought 413.99 million gallons of gasoline per day last week – A NEW HIGH!

 

US Oil Field Production 

 

US Oil Refinery Utilization

Cushing Oil Stocks

US Crude 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 Feb WTI crude oil futures settled at U.S. crude at $65.51/bbl. $2.09. +3.30%.

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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