Oil & Energy

Google Ad

With Hurricane Barry in focus the EIA reported a draw in crude of -3166k bbls but big draws in gasoline and distillates. Cushing showed a draw of -1351k bbls. US production fell on the Barry shutdowns 300k - still just 400k off the record high of 12.40 mbpd

Cushing Storage Tanks

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

DOE Weekly Petroleum Status Report: 7/10/19

  • via TradersCommunity.com
  • Release Time: Wednesday July 17 2018 -10.30 ET
EIA Expected Prior EIA API
Crude -3116k -2800k -9499k -1401k
Cushing -1351k -960k -310k
-1115k
Gasoline

+3565k

-1900k -1455k -476k
Distillate +5686k

+400k

+3729k +6226k

Note in bbls *exp = Reuters poll est except Cushing

  • Refinery Utilization -0.3% at 94.5% Exp +0.5%
  • Production -300k to 12.00k bd (12.40 ATH)

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

API Crude Inventories

Image

Weekly Global Oil Prices

WTI Crude Oil Futures Weekly Chart Outlook via @KnovaWave

WTI after the 3 touches of the daily downtrend channel only to spit and reversed hard. This week we saw inconclusion but on Friday closed at the 50 dma

WTI  broke the inner daily downtrend channel and cloud to run to the second channel after running through the 50 dma under the Tenkan, Key are channel and 50 dma with Kijun tests. A C wave or a iii of I are the alternatives. Watch for spits now with fear in the pricing.

MW CL D 7 12 19

WTI again finished the week over the weekly Tenkan and 50wma (green), now as key resistance outer channel, We have ran ahead of  chikou (blue) needing balance - watch Murrey confluence with the cloud acting as support.

MW CL W 7 12 19

Crude Oil Futures Committment of Traders

A reminder that CFTC’s weekly #CoT updates covering the week to July 2 are delayed until 3:30pm ET on Monday

Latest ICE and CFTC Open Interest Data:

CTFC and ICE open interest:

Speculators cut bullish #Brent crude #oil bets by 7k lots to 248k lots, a five-month low, during the wk to July 2. Demand worries cont. to outweigh geopolitical risks. The CFTC's delayed COT report due later today via Ole S Hansen @Ole_S_Hansen

 

WTI COT 6 4 19

OILytics ‏ @OilyticsData 

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

WTI Vol July 5, 2019 NYMEX LO = CRUDE OIL OPTIONS 

via CommodityVol.com ‏ @CommodityImpVol 

Update of Brent & WTI Option Vol (Live Link)

Front month crude puts look offered over the last five days - July 10

Here is the skew pic over the first few contract months - July 10

The Fundamental Angle with Brynne Kelly ‏@BrynneKKelly

DigStic Data @DigStic



Image

Image

Image

RonH Data ‏@Ronh999

Image

Image

Cushing Oil Stocks

Image

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

US Oil Exports Coming Back After NEW ATH.

Image

US Oil Imports Week Over Week

Image

US Oil Input Into Refineries Per Day

Image

US consumers spent $1,1075.40 million dollars per day for gasoline last week. That is -92.80 mil YoY.

Image

US avg retail price for gasoline was $2.779 last week. That is -8.6 cents YoY.

Image

US consumers bought 386.99 million gallons of gasoline per day last week. That is  -20.75 mil YoY

Image

US Oil Field Production of 12.00 OFF ATH 12.40 (Blame Barry)

Image

US Crude Oil Production by State and API at April 2019 via OILytics‏ @OilyticsData

Crude Production by state and API: Data updated until  April-19. L48 monthly production growth y/y at 1708KBD

Y-o-Y production growth (KBD):

  • API 25 and lower: +22
  • 25-30: +98
  • 30-35: +105
  • 35-40: +479
  • 40-45: +522
  • 45-50: +428
  • 50+: +60

** 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:

Crude imports down -470KBD. Canada down -410KBD but 4 wk average remains high. Zero imports from Venezuela an Kuwait but volumes from Nigeria return.

Image

EIA Products:

Very bearish product numbers as it builds +14.7MM to reach near 5 yr seasonal highs. Distillates build +5.7MM as demand and exports drop while yield remains high. A lot of noise however due to TS Barry.

Image

EIA Crude Stats:

: Crude draws -31.MM while big product builds of +14.8MM. Storm Barry expected to make the next two weeks reports volatile. Production down -300KBD while adj factor swings +997KBD.

Image

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

Log in to comment
Discuss this article in the forums (4 replies).