Oil & Energy

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EIA reported a huge crude oil storage Draw -9589k bbls. Gasoline drew -4587k bbls with a draw of 4127k bbls in distillates.The shale revolution continues,  with production up 100k to the record high of 12.10 mbpd. 

Cushing Storage Tanks

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

DOE Weekly Petroleum Status Report: 3/13/19

  • via TradersCommunity.com
  • Release Time: Wednesday 20 March 2018 -  10.30 ET 
EIA Expected Prior EIA API
Crude -9589k  +300k -3862k  -2133k
 Cushing -468k -448k   -672k -317k
Gasoline

-4587k

-2700k -4624k -2794k
Distillate -4127k

-1700k

+383k -1607k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization Prior +1.3% to 88.9% Exp +0.3%
  • Production +100k to 12.10k bd (12.10 ATH)

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

 API Crude Inventories

 

WTI Crude Oil Futures Weekly Chart Outlook via @KnovaWave

MW WTI D 3 15 19

MW WTI W 3 15 19 

Crude Oil Futures Committment of Traders

For week ending Mar 12. CL_f DCOT futures only managed money traders 81% net long. - via @Ronh999

Speculators cut bullish bets on commodities by 38% to 308k lots, a fresh three-year low in wk to Mch 12. Broad-based across both metals and agriculture while the energy sector continued to enjoy the tailwind of tightening supply and the positive correlation to rising equities Via Ole S Hansen ‏ @Ole_S_Hansen 

The combined net-long in #Brent and #WTI crude #oil reached 457k lots, the highest since October 20. Short covering drove the 6k lots increase in WTI while Brent saw increases in both long (9k) and short (4k) positions. Via Ole S Hansen ‏ @Ole_S_Hansen

 Understanding DCOT 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 

Crude Oil Option Volatilty Watch via commodityvol.com

Brent/WTI Vol March 14, 2019 NYMEX LO = CRUDE OIL OPTIONS ICE_North Sea BRN

via CommodityVol.com ‏ @CommodityImpVol 

 Update of Brebt & WTI Option Vol (Live Link) 

The Fundamental Angle with Brynne Kelly ‏@BrynneKKelly

   

DigStic Data @DigStic



 

 

RonH Data ‏@Ronh999

US Oil stocks WERE higher than anytime in 2018.

 

US Oil Exports Hit Back Off ATH.

US Oil Imports Week Over Week 

US Oil Input Into Refineries Per Day 

US consumers spent $1,006.9 million dollars per day for gasoline last week. That is -$10.5 mil YoY.

 US avg retail price for gasoline was $2.548 last week. That is +5.0 cents YoY.  

 US consumers bought 395.18 million gallons of gasoline per day last week. That is +3.57 mil YoY

 US Oil Field Production ATH of 12.10 mbpd ATH

US Crude Oil Production by State and API at December 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 crude imports remain low as Venezuela imports drop to 0 and Saudi imports to US drop 540KBD wk on wk. Only imports from Brazil have risen in the last few weeks but overall base is very low. 

EIA Product Stats:

Bullish product draws from gasoline and distillates as they both draw -4MMBBLs. Strong demand print especially for distillate while low gasoline yield keeps gasoline drawing despite increase in imports.

 EIA Crude Stats:

Big crude draw of -9.6MMBBLs as imports come out low yet again while exports jump to near record of 3.4MMBD. Production back at 12.1MMBD. Another large negative adjustment factor of -812KBD. Record low going back to 10 years, hard to take stats seriously.

 

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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