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EIA reported crude oil storage build of 919k bbls and another build in gasoline of 2235k bbls last week. Cushing inventories had a small draw with production remaining at 11.9 mbpd ATH. 

Cushing Storage Tanks

Crude Oil Tanks at Cushing OK, Basis For the WTI Futures Contract.

DOE Weekly Petroleum Status Report: 1/29/19

  • via TradersCommunity.com
  • Release Time: Wednesday 6 February 2018 - 10:30 ET 
EIA Expected Prior EIA API
Crude +1263k  +1600k -+919k +2514k
 Cushing +1441k +926k -145k +889k
Gasoline

+513k

+1700k +2235k +1731k
Distillate -2257k

-1900k

-1122k +1141k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization  +0.6% 90.7% Exp +0.3%
  • Production Prior UNCH11.90k bd ATH (+22% y/y)

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

 

WTI Crude Oil Futures Weekly Chart Outlook via @KnovaWave

MW WTI D 2 1 19

MW WTI W 2 1 19

Crude Oil Futures Committment of Traders

Latest ICE Open Interest Data: 4th weekly consecutive increase for Brent and Gasoil. The Sharp drop in short Brent positions continues. Net spec length up by +30K contracts to reach a 3 month high. Short positions in Brent at 48K contracts is the lowest since Oct-2018. Via OILytics ‏ @OilyticsData

 

With the Government Shutdown these reports have not been available from the CFTC however ICE does have it's weekly reports.

 

 

Read Understanding Commitments of Traders Reports - COT, TFF and DCOT  to help understand the disaggregated reports (DCOT) and how they break down the reportable open interest positions into four classifications: 1. Producer/Merchant/Processor/User 2. Swap Dealers 3. Managed Money 4. Other Reportables 

The Fundamental Angle with Brynne Kelly ‏@BrynneKKelly

  

DigStic Data @DigStic






 

 

RonH Data ‏@Ronh999

US Oil Exports off  2018 (ATH) high.

US Oil Imports Week Over Week 

US Oil Input Into Refineries Per Day 

US consumers spent $858.9 billion per day for gasoline last week. That is -$150.1 million less dollars per day than same week last year.  

 

US gasoline avg retail price was $2.254 per gallon, -38.3 cents less per gallon YoY.  

 

US consumers bought 381.07 million gallons of gasoline per day last week.

 

US Oil Field Production ATH of 11.9 mbpd

US Crude Oil Production by State and API at November 2018 via OILytics‏ @OilyticsData   

 

 Cushing Oil Stocks

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

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

OILytics @OilyticsData

EIA Crude Imports by Country:

Overall imports up by 63KBD wow. Canada +157KBD to keep the 4wk avg at record high levels. While Venezuela imports down by 242KBd to reach 345KBD, lowest in 6 months.

EIA Product Stats:

Gasoline +0.5MM and Disty -2.2MM. Huge distillate product supplied number due to the polar vortex.

 

EIA Crude Stats:

Crude build by +1.3mln. Crude exports increased by +926KBD, while crude production remains flat for the 4th week in a row at 11900KBD. Refinery runs picked up by 200kbd as refineries come out of peak refinery maintenance

 

US Crude Oil Prices and Recessions

 

Via John Kemp @JKempEnergy 

Key EIA and CME Dates For WTI Crude Oil

CME Crude Oil Futures Calendar

CME Crude Oil Options Calendar

REGULAR & HOLIDAY RELEASE SCHEDULE

From TradersCommunity Research

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