EIA Oil Inventories 1854k Crude Build Gasoline +894k Build

Our TCOIL preview for this week’s EIA DOE Weekly Petroleum Status Report highlights the key variables to watch out for. Crude oil markets are watching products and production after earnings with the all important import export trade.

Our TCOIL preview for this week’s EIA DOE Weekly Petroleum Status Report highlights the key variables to watch out for. Crude oil markets are watching products and production after earnings with the all important import export trade.

Cushing Storage Tanks

DOE Weekly Petroleum Status Report: 11/10/17

  • via TradersCommunity.com
  • Release Time: Wednesday 15 November 2017 – 10:30 ET 
 ActualExpectedPrior EIAAPI
Crude+1854k -2900k+2237k+6513k
Cushing-1803k-1900k+720k-1803k
Gasoline+894k
 -100k-3312k+2399k
Distillate-799k

 -1800k

-3359k-2527k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization +1.4% vs 0.85% estimate
  • Production   +0.025 mbpd to 9.645 mbpd +0.964 mbpd higher YOY 

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

Criterion U.S. Crude Oil Production Forecast

Criterion Research @criterion_info 

US Crude Production

 

“This Week” inventory change in prior years:

EIA Prep via @DigStic

 

 Refinery Runs

 

  Cushing Stocks (Hub for WTI Futures Contract) 

 

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

WTI Oil Futures (CL) via‏ @Lee_Saks

Ahead of API Dec WTI crude oil futures settle down 

 API via Marketwatch 

API data reportedly show an unexpected jump in U.S. crude supplies 

Published: Nov 14, 2017 4:41 p.m. ET

The American Petroleum Institute reported Tuesday that U.S. crude supplies climbed by 6.5 million barrels for the week ended Nov. 10, according to sources. The API data also showed a rise of 2.4 million barrels in gasoline stockpiles, while inventories of distillates fell by 2.5 million barrels, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. Analysts polled by S&P Global Platts expect the EIA to report declines of 1 million barrels each for crude and gasoline inventories. They also forecast a fall of 2 million barrels distillate supplies. December crude CLZ7, -3.05% was at $55.08 a barrel in electronic trading, down from the settlement of $55.70 on the New York Mercantile Exchange.

** Note with the unreliability of the API numbers highlighted by its constant debacles we offer you the bare bones of that report.

REGULAR & HOLIDAY RELEASE SCHEDULE

Further Crude Oil Analysis Criterion Research

From TradersCommunity Research

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