NEWS

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Australian beef and cattle exports fell in 2016/17 as a 16% reduction in cattle slaughter impacted export volumes Rural Bank's 2016/17 Australian Agriculture Trade Performance report showed. Beef exports to the US declined -39%, the most out of Australia's major markets.

The EIA releases it's weekly natural gas storage report each Thursday at 10.30 ET, the key data point for natural gas traders outside of weather modelling. This week another build is expected.

Apparently Russian President Vladimir Putin has not decided he will run for re-election in March 2018. For a guy who hasn't relinguished any power since he headed the KGB this seems doubtful.  Also today Senate Intelligence Committee head Burr said "Can certifiably say no vote totals were affected as a result of Russia" 

BP continues to broaden it's exposure to natural gas. Wednesday Bp annnounced they will adding six new LNG tankers for more than $1 billion to add to its existing fleet in 2018 and 2019. The tankers will be used to service the Freeport LNG facility among other global destinations.

Our post Harvey 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 for products and production after the hurricanes with the all important import export trade.

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