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Our TCoil preview for this week's EIA DOE Weekly Petroleum Status Report highlights the key variables to watch out for. Crude oil markets are watching products and production after earnings with the all important import export trade.


Cushing Storage Tanks

DOE Weekly Petroleum Status Report: 11/29/17

  • via TradersCommunity.com
  • Release Time: Wednesday 6 December 2017 - 10:30 ET 
  Actual Expected Prior EIA API
Crude -5610k  -3500k -3429k -5481
Cushing -2753k -1920k -3178k -1951k
Gasoline +6780k
+1100k +3627k +9196k
Distillate +1667k


+2747k +4259k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization +1.2% (est 0.33%; prev 1.3%)
  • Prior Production +0.3% w/w 9.707mbpd vs 9.682 mbpd p 11.6% y/y

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

Criterion U.S. Crude Oil Production Forecast

Criterion Research @criterion_info 

Brynne Kelly‏@BrynneKKelly 

"This Week" inventory change in prior years:

EIA Prep via @DigStic


RonH‏@Ronh999 Refinery Runs


RonH‏@Ronh999  Cushing Stocks (Hub for WTI Futures Contract) 


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

WTI Oil Futures (CL) via‏ @Lee_Saks

Ahead of API Jan WTI crude oil futures settled at U.S. crude at $57.62

 API via Marketwatch

PI data reportedly show drop in U.S. crude supplies, rise in gasoline stockpiles

The American Petroleum Institute reported Tuesday that U.S. crude supplies dropped by 5.5 million barrels for the week ended Dec. 1, according to sources. The API data showed a jump of 9.2 million barrels in gasoline stockpiles, while inventories of distillates rose about 4.3 million barrels, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. Analysts polled by S&P Global Platts expect the EIA to report a decline of 4.1 million barrels for crude inventories. They also forecast a rise of 2.7 million barrels for gasoline and an increase 1.5 million barrels for distillate supplies. January crude CLF8, -1.53% was at $57.44 a barrel in electronic trading, down from the settlement of $57.62 on the New York Mercantile Exchange.

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


Further Crude Oil Analysis Criterion Research

From TradersCommunity Research

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