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The EIA Inventory report showed a suprise draw in crude stockpiles and in Gasoline with a large rise in Cushing inventories. Behind the storage noise is a shifting geopolitical risk matrix adding to uncertainty with Iran and Chinese trade tensions.

Cushing Storage Tanks

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

DOE Weekly Petroleum Status Report: 3/28/18

  • via TradersCommunity.com
  • Release Time: Wednesday 4 April 2018 - 10:30 ET 
  Actual Expected Prior EIA API
Crude -4617k +1700k +1643 -3280k
Cushing +3666k +2646k +1804k +4058k
Gasoline -1116k
-1500k -3472k +1123k
Distillate +537k

-500k

-2090k +2200k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization  -.7% v Exp -0.2% 
  • Production  +27k to 10.460 mbd ( ATH) +14.3% y/y

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

US Petroleum Inventories Getting Tight? via Barclays Research

US Total Petrol Inventories March 2018Cushing March 2018

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

 

The Fundamental Angle with Brynne Kelly ‏@BrynneKKelly

 

 

 

 

 

DigStic Data @DigStic

 

 

RonH Data ‏@Ronh999

US Oil Exports Are Decreasing From October Peak

US Oil Imports Week Over Week 

US Oil Input Into Refineries Per Day

US consumers spent $1.0241 billion per day for gasoline last week. That is $98.1 million more dollars per day than same week last year.

US consumers bought 386.74 million gallons of gasoline per day last week

 

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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