NEWS

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The EIA reported a draw of - 166 Bcf in natural gas storage last week, less than expected as temperatures continued to rise from the depths of the extreme polar vortex cold. Ahead we focus on LNG and Mexican exports.

Real gross domestic product (GDP) increased 2.6% in the fourth quarter of 2018, according to the “advance” estimate released by the Bureau of Economic Analysis. Core PCE +1.7% vs +1.6% expected

China's Official PMI's for February all worsened and missed expectations, highlighting the weakness of the economy and the weight of debt in relation to its economy. The debt load is expected to climb by three to four percentage points in it's the debt-to-GDP ratio.

Independent energy company Apache Corp reported better than expected fourth quarter earnings after the close Wednesday. $APA also raised it's production outlook with record Permian production.

EIA reported crude oil storage draw of -8647k bbls but another big build at Cushing of +1628k bbls last week. The shale revolution continues with production a new record high at 12,10 mbpd ATH. 

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