Oil & Energy

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The natural gas injection season is upon us. The EIA reported a build of +25 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 and Venezuela dominate the news cycle. EIA reported another large build in crude oil storage of 7029k bbls. Gasoline drew a large -7710k bbls with a draw of -116k bbls in distillates last week. The shale revolution continues, production unchanged at record high of 12.20 mbpd.

The OPEC Monthly Oil Market Report (MOMR) for April released Wednesday provides OPEC's outlook for crude oil market developments for the coming year with key developments impacting oil market trends in world oil demand and supply.

U.S. oil rigs in service rose 15 this week with U.S.oil production at the all time high of 12.20 million bpd. US Natural gas rigs rose 4. Oil rigs fell another 13 in Canada and Canadian natural gas rigs fell 7 with the freezing weather.

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.

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