Oil & Energy

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The U.S took 4 oil rigs out of service as U.S.oil production remained just off a new high at 2400kbpd. US took down 2 Natural Gas rigs as Canadian natural gas rigs were unchanged, oil rigs fell 3

Oil rallied into the report as money flowed back into risk assets with hope on China and the UK.  EIA reported Crude oil inventories drew -4771k bbls with Gasoline and Distillates draws last week. Cushing a small draw of -230k bbls. US production just off thenew record high with 12.40 mbpd.

Natural gas futures lifted to key level at week's end as Hurrican Dorian developed into a Cat 5 by Sunday. EIA reported as expected build of +84 Bcf in natural gas storage last week. Ahead we focus on LNG and Mexican exports and the winter outlook for the US.

The U.S took 12 oil rigs out of service as U.S.oil production hit a new high at 2500kbpd. US Natural gas rigs were unchanged. Canadian natural gas rigs rose 1, oil rigs rose 10

EIA reported as expected build of +60 Bcf in natural gas storage last week, Ahead we focus on LNG and Mexican exports and the hot weather expected in Texas.

EIA reported Crude oil inventories drew -10272k bbls with Gasoline and Distillates showing draws also last week. Cushing showed another large draw of -1980k bbls. US production hit a new record high of 12.50 mbpd.

The U.S took 16 oil rigs out of service as U.S.oil production was steady at 2300kbpd. US Natural gas rigs fell another 3. Canadian natural gas rigs rose 3, oil rigs fell 6

Swedish state energy entity Vattenfall opened Scandinavia’s biggest offshore wind farm this week off Denmark’s west coast in the North Sea. The facility has a capacity of 407 megawatts (MW)

EIA reported a lower than expected build of +59 Bcf in natural gas storage last week, Ahead we focus on LNG and Mexican exports and the hot weather expected in Texas.

EIA reported Crude oil inventories drew -2732k bbls with Gasoline and Distillates showing builds. Cushing showed another large draw of -2485k bbls. US production was unchanged at 12.30 mbpd, just off the record high of 12.40 mbpd.

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