Preview EIA Crude Oil Inventories #TCOIL

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  • #10791
    TradersCom
    Keymaster

    [article]98[/article]

    #10812
    ClemSnide
    Participant

    API numbers have been wildly swinging – more than normal. What stood out to be me the Cushing last week -2500 this week +2500. All to do with futures expiration or more to it?

    #10813
    Helmholtz Watson
    Participant

    IMO the obsession of the API and EIA releases despite the fallibility of them is nothing more to then to keep the show going – even better when they differ as you clean both sides of the boat – more fees etc etc

    Reminds me of boxing with all the different organisations – WBC. WBA, WBO etc – create a false picture for more units to pass through.

    #10815
    ThePitBoss
    Participant

    [quote=”Helmholtz Watson” post=538]IMO the obsession of the API and EIA releases despite the fallibility of them is nothing more to then to keep the show going – even better when they differ as you clean both sides of the boat – more fees etc etc

    Reminds me of boxing with all the different organisations – WBC. WBA, WBO etc – create a false picture for more units to pass through.[/quote]

    Great analogy – and the traders are the mug punters – now with shale suddenly the go-to man and the oil world as much as old school and OPEC want to deny when they get it that would be a f**king laugh beyond all imagination.

    #10830
    Heidi Tait
    Participant

    Summary of Weekly Petroleum Data for the Week Ending July 28, 2017
    U.S. crude oil refinery inputs averaged 17.4 million barrels per day during the week
    ending July 28, 2017, 123,000 barrels per day more than the previous week’s average.
    Refineries operated at 95.4% of their operable capacity last week. Gasoline production
    decreased last week, averaging 10.3 million barrels per day. Distillate fuel production
    increased last week, averaging over 5.2 million barrels per day.
    U.S. crude oil imports averaged about 8.3 million barrels per day last week, up by
    209,000 barrels per day from the previous week. Over the last four weeks, crude oil
    imports averaged about 8.0 million barrels per day, 3.8% below the same four-week
    period last year. Total motor gasoline imports (including both finished gasoline and
    gasoline blending components) last week averaged 549,000 barrels per day. Distillate
    fuel imports averaged 108,000 barrels per day last week.
    U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
    Reserve) decreased by 1.5 million barrels from the previous week. At 481.9 million
    barrels, U.S. crude oil inventories are in the upper half of the average range for this time
    of year. Total motor gasoline inventories decreased by 2.5 million barrels last week, but
    are in the upper half of the average range. Both finished gasoline inventories and
    blending components inventories decreased last week. Distillate fuel inventories
    decreased by 0.2 million barrels last week but are in the upper half of the average range
    for this time of year. Propane/propylene inventories increased by 1.7 million barrels last
    week but are in the lower half of the average range. Total commercial petroleum
    inventories increased by 1.1 million barrels last week.
    Total products supplied over the last four-week period averaged about 20.8 million
    barrels per day, up by 1.4% from the same period last year. Over the last four weeks,
    motor gasoline product supplied averaged about 9.8 million barrels per day, up by 0.1%
    from the same period last year. Distillate fuel product supplied averaged about 4.2
    million barrels per day over the last four weeks, up by 14.5% from the same period last
    year. Jet fuel product supplied is up 5.8% compared to the same four-week period last
    year.

    #10831
    Helmholtz Watson
    Participant

    Another outstanding effort form API – were they close on anything?

    #10832
    ThePitBoss
    Participant

    [quote=”Helmholtz Watson” post=556]Another outstanding effort form API – were they close on anything?[/quote]

    Heck no – I think your theory may not be so fetched. The Cushing number is mind boggling that was the one consistency

    #10847
    TradersCom
    Keymaster

    Week over week and last 4 weeks

    Chad Stickforth @DigStic

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