Oil & Energy

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The natural gas injection season is upon us. The EIA reported a build of +23 Bcf in natural gas storage last week, as expected as temperatures stayed low after the extreme polar vortex cold. Ahead we focus on LNG and Mexican exports.

OPEC cuts and Venezuela dominate the news cycle. EIA reported a build in crude oil storage of 7238k bbls. Gasoline drew -1781k bbls with a draw of -1998k bbls in distillates last week. The shale revolution continues, with production anothe record high of 12.20 mbpd. 

U.S. oil rigs in service fell 8 this week with U.S.oil production is back at the all time high of 12.10 million bpd. US Natural gas rigs fell 2. Oil rigs fell another 14 in Canada and Canadian natural gas rigs fell 3 with the freezing weather.

The EIA reported a draw of -36 Bcf in natural gas storage last week, as expected as temperatures stayed low after the extreme polar vortex cold. Ahead we focus on LNG and Mexican exports.

The chemical fire in Deer Park, Texas dominates news. EIA reported a build in crude oil storage of 2800k bbls. Gasoline drew -2883k bbls with a draw of -2075k bbls in distillates last week. The shale revolution continues, with production unchnaged at the record high of 12.10 mbpd. 

U.S. oil rigs in service fell 6 this week as U.S.oil production is back at the all time high of 12.10 million bpd. US Natural gas rigs fell one. Oil rigs fell another 49 in Canada and Canadian natural gas rigs fell 7 with the freezing weather.

The EIA reported a draw of -47 Bcf in natural gas storage last week, as expected as temperatures stayed low after the extreme polar vortex cold. Ahead we focus on LNG and Mexican exports.

EIA reported a huge crude oil storage Draw -9589k bbls. Gasoline drew -4587k bbls with a draw of 4127k bbls in distillates.The shale revolution continues,  with production up 100k to the record high of 12.10 mbpd. 

U.S. oil rigs in service fell 1 this week as U.S.oil production came off the all time high to 12.00 million bpd. US Natural gas rigs were unchanged. Oil rigs fell another 20 in Canada and Canadian natural gas rigs fell 8 with the freezing weather.

The EIA reported a draw of -204 Bcf in natural gas storage last week, as expected as temperatures stayed low after the extreme polar vortex cold. Ahead we focus on LNG and Mexican exports.

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