NEWS

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New recent lows with another +100 Bcf build with the natural gas injection season upon us. The EIA reported a build of +102 Bcf in natural gas storage last week.  Ahead we focus on LNG and Mexican exports.

In a volatile trading week EIA reported  builds in crude and gasoline but lower than what API reported. Cushing showed another large build with 2096k bbls.. US production actually fell this week in the shale revolution 100k off the record high to 12.30 mbpd.

The U.S. took another rig out of service, after taking 11 out of service last week, another 5 down off in the Permian Basin as U.S.oil production came off it's all time high to 12.30 million bpd. US Natural gas rigs fell 5. Canadian natural gas fell 6 and oil rigs rose 10.

New recent lows with another +100 Bcf build with the natural gas injection season upon us. The EIA reported a build of +102 Bcf in natural gas storage last week.  Ahead we focus on LNG and Mexican exports.

The OPEC Monthly Oil Market Report (MOMR) for June released Thursday provides OPEC's outlook for crude oil market developments for the coming year with key developments impacting oil market trends in world oil demand and supply.

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