Oil & Energy

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Cushing back to a build as oil futures quickly reverted back into contango ahead of this week's EIA oil inventory report while a shifting geopolitical risk matrix develops after President Trump ousted Secretary of State Rex Tillerson.

Cushing Storage Tanks

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

DOE Weekly Petroleum Status Report: 3/7/18

  • via TradersCommunity.com
  • Release Time: Wedneday 14 March 2018 - 10:30 ET 
  Actual Expected Prior EIA API
Crude +5022k +1500k +2408k +1156k
Cushing +338k +320k -605k -156k
Gasoline -6271k
-2100k -788k -1262k
Distillate -4360k


-559k -4258k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization +2.0% v Exp -0.5% 
  • Production +0.1% to 10.381mbd ( ATH) +14% 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


DigStic 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.


Further Crude Oil Analysis Criterion Research

From TradersCommunity Research

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