Oil & Energy

Google Ad

EIA Inventory report showed a large draw after last week's large build in crude. Gasoline showed a large draw also with production unchanged.

Cushing Storage Tanks

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

DOE Weekly Petroleum Status Report: 7/18/18

  • via TradersCommunity.com
  • Release Time: Wednesday 25 July 2018 - 10:30 ET 
  Actual Expected Prior EIA API
Crude -6147k -3200k +5863k -3160k
Cushing -1127k   -1204k -860k -808k
Gasoline

-2382k

-800k -3165k -4870k
Distillate -101k

+200k

-371k -1320k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization  - 0.5% to 93.8% Exp +0.2% 
  • Production  Unchanged at  11.00k bd (ATH) +15.5% y/y

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

US Crude Oil Prices and Recessions

 

Via John Kemp @JKempEnergy 

Criterion U.S. Crude Oil Production Forecast ‏@Criterionrsch

 

WTI Crude Oil Futures Committment of Traders

 

CL DCOT futures only managed money traders had the least amount of shorts in history. Only 14,132 (Despite The Price Drop)

Read Understanding Commitments of Traders Reports - COT, TFF and DCOT  to help understand the disaggregated reports (DCOT) and how they break down the reportable open interest positions into four classifications: 1. Producer/Merchant/Processor/User 2. Swap Dealers 3. Managed Money 4. Other Reportables 

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 off their 2018 (ATH) high.

US Oil Imports Week Over Week 

US Oil Input Into Refineries Per Day  

US consumers spent $1.1707 billion per day for gasoline last week. That is $217 million more dollars per day than same week last year.  

US gasoline avg retail price was $2.831 per gallon. That is 51.9 cents more per gallon YoY.  

US consumers bought 413.53 million gallons of gasoline per day last week. 

US Oil Field Production, Unchanged at Record High

 US Oil Refinery Utilization 

 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

Log in to comment
Discuss this article in the forums (1 replies).