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EIA reported crude oil storage build of 3673k bbls and a huge build at Cushing of  3288k bbls last week. The shale revolution continues with production a new record high at 12,00 mbpd ATH. 


Cushing Storage Tanks

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

DOE Weekly Petroleum Status Report: 2/13/19

  • via TradersCommunity.com
  • Release Time: Thursday 21 February 2018 -  11:00 ET 
EIA Expected Prior EIA API
Crude +3672k  +3100k +3633k  +1260k
 Cushing +3413 +3288k  -1016k +3244k
Gasoline

-1454k

-408k -350k -1550k
Distillate -1517k

-1687k

+1187k -758k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization  UNCH at 85.9% Exp +0.3%
  • Production +.100bd to 12.00k bd NEW ATH (+24% y/y)

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

 Global Oil Prices

Weekly Global Oil Prices: Dubai crude trades at a slight premium to Brent for the first time in 3.5 years as sour crude tightness continues. While North American crude benchmarks all showed weekly declines. via OILytics @OilyticsData Feb 10

WTI Crude Oil Futures Weekly Chart Outlook via @KnovaWave

MW WTI D 2 15 19

MW WTI W 2 15 19

Crude Oil Futures Committment of Traders

Latest ICE Open Interest Data: 6th weekly consecutive increase for Brent and Gasoil. Brent up +32K contracts (up +130K since the lows seen in December). 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 Hit New (ATH) high.

US Oil Imports Week Over Week 

Chinese Imports

Latest China customs data: Chinese Jan Crude Oil imports at 42.6 million tonnes or 10.07MMBD. This is the third month in a row when imports are above 10MMBD. Start up of 2 big refineries will keep imports elevated this year OILytics ‏ via @OilyticsData Feb 14

 

US Oil Input Into Refineries Per Day 

US consumers spent $856.4 million per day for gasoline last week. That is -$110.4 million less dollars per day than same week last year.  

 

US gasoline avg retail price was $2.317 per gallon, -24.0 cents less per gallon YoY.  

 

US consumers bought 369.60 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:

ery difficult to take these numbers at face value. US crude imports this week are at the lowest level since 1997 due to Keystone/USG Fog issues. Weeks like this makes it even more important to look at the 4wk average..

EIA Product Stats:

Small gasoline build of +0.4MM and distillate build of +1.2MM. Gasoline's 10th weekly build in the last 11 weeks even when refinery dropped 865KBD and gasoline exports are high

 

EIA Crude Stats:

Crude Build +3.6MM as refinery runs dropped by 865kbd due to refinery maintenance. The number could have been very ugly, but a huge drop in crude imports helped. Crude imports down by 936KBD due to Houston Fog/Keystone issues.

 

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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