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EIA Inventory report showed a large draw in crude oil but big gasoline and distillates builds this week. Production rose again as oil rigs continue to rise. A critical OPEC meeting follows.

Cushing Storage Tanks

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

DOE Weekly Petroleum Status Report: 6/13/18

  • via TradersCommunity.com
  • Release Time: Wednesday 20 june 2018 - 10:30 ET 
  Actual Expected Prior EIA API
Crude -5914k -1900k -4143k -3016k
Cushing -1296  -1364k -687k -1594k
Gasoline

+3277k

-200k -2271k +2113k
Distillate +2715k

-200k

-2101k +757k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization+ 1.0% to 96.7% Exp +0.8% 
  • Production  Unch at 10.90k bd( ATH) +15.5% y/y

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

US Petroleum Inventories Getting Tight?

 

Criterion U.S. Crude Oil Production Forecast ‏@Criterionrsch

 

WTI and Brent Crude Oil Futures Committment of Traders

 

EIA Inventory Forecast via @tankertrackers.com

Here is a great shot of Cushing crude oil storage when it was down 45% year-on-year with the red tanks highlighting the empties

 

The Fundamental Angle with Brynne Kelly ‏@BrynneKKelly

 

  

DigStic Data @DigStic

 

  

RonH Data ‏@Ronh999

 

US Oil Exports 

US Oil Imports Week Over Week 

 

US Oil Input Into Refineries Per Day

 

US consumers spent $1.1277 billion per day for gasoline last week. That is $172.1 million more dollars per day than same week last year. 

US gasoline avg retail price was $2.879 per gallon. That is 56.1 cents more per gallon YoY.

US consumers bought 391.69 million gallons of gasoline per day last week. 

 

US Oil Field Production, Unchanged at Record High

 

 US Oil Refinery Utilization, New 2018 High

 Cushing Oil Stocks

 

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

Ahead of API July WTI crude oil futures settled at $66.36/bbl. $0.26. +0.39% via‏ @Lee_Saks

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.

Key EIA and CME Dates For WTI Crude Oil

CME Crude Oil Futures Calendar

CME Crude Oil Options Calendar

REGULAR & HOLIDAY RELEASE SCHEDULE

Further Crude Oil Analysis Criterion Research

From TradersCommunity Research

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