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With all the big players in Houston for CERAWeek this week's EIA report is getting attention with another record high in oil production. Exports and gasoline in focus.

Cushing Storage Tanks

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

DOE Weekly Petroleum Status Report: 2/28/18

  • via TradersCommunity.com
  • Release Time: Wedneday 7 March 2018 - 10:30 ET 
  Actual Expected Prior EIA API
Crude +2408k +3000k +3019k +5661k
Cushing -605k -812k -1218k -790k
Gasoline -788k
-1800k +2483k -4536k
Distillate -559k

-1300k

-960k +1487

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization +.2% v Exp -0.5% 
  • Production +86kbd to 10.369 mbd ( ATH) +11.6% y/y

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

Criterion U.S. Crude Oil Production Forecast ‏@Criterionrsch

EIA Inventory Forecast via @tankertrackers.com

"Cushing crude oil storage is currently down 45% year-on-year. Just look at all that red."

The Fundamental Angle with Brynne Kelly ‏@BrynneKKelly

 

Data @DigStic

 

Chad Stickforth ‏ @DigStic - Since report dated Nov-10-17, Cushing has drawn in every week except for one for a total depletion of 34.6 million barrels. Impressive.

 

RonH Data ‏@Ronh999

 US Oil Exports Are Decreasing From October Peak

US Oil Imports Per Day

US Oil Input Into Refineries Per Day

US consumers spent $86.2 million more dollars per day than same week last year 

US Oil Field Production 

 US Oil Refinery Utilization

 

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 $

API via Marketwatch

 ** 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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