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The TCoil EIA DOE Weekly Petroleum Status Report highlights the key variables to watch out for. Crude oil markets are watching products and production seasonally with the all important import export trade.

Cushing Storage Tanks

DOE Weekly Petroleum Status Report: 12/20/17

  • via TradersCommunity.com
  • Release Time: Thursday 28 December 2017 - 11:00 ET 
  Actual Expected Prior EIA API
Crude -4609k  -3950k -6495k -6000k
Cushing -1584k -1400k +754k -1300k
Gasoline +591k
+1280k +1237k +3100k
Distillate  +1090k

-590k

+769K +2800k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization +1.6% v -0. 5% prior
  • Production -.035m w/w to 9.754 mbpd (Off Prev ATH) +11.4% y/y

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

Criterion U.S. Crude Oil Production Forecast

Criterion Research @criterion_info 

EIA Inventory Forecast via @tankertrackers.com

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 Feb WTI crude oil futures settled at U.S. crude at $59,64

API via Marketwatch

The American Petroleum Institute on Wednesday showed that U.S. crude supplies declined by 6 million barrels for the week ended Dec. 22, according to sources, compared with expectations for a drawdown of 3.75 million barrels. However, the API data also showed a gain of 3.1 million barrels in gasoline stockpiles, while inventories of distillates rose by 2.8 million barrels, sources said. Supplies at the crude hub in Cushing, Okla., were down 1.3 million barrels, versus forecasts for a decline of 590,000.

Supply data from the more closely followed Energy Information Administration will be released Thursday. Both inventory reports are delayed by a day because of the Christmas holiday. February crude CLG8 -0.10% was down 0.7% at $59.58 a barrel in electronic trading, off from the settlement of $59.64 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.

REGULAR & HOLIDAY RELEASE SCHEDULE

Further Crude Oil Analysis Criterion Research

From TradersCommunity Research

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