Oil & Energy

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The U.S put 6 oil rigs back in service as U.S.oil production was steady at 2300kbpd. US Natural gas rigs fell another 4. Canadian natural gas rigs fell 5, oil rigs rose 7

The OPEC Monthly Oil Market Report (MOMR) for August released Friday 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.

EIA reported a lower than expected build of +49 Bcf in natural gas storage last week, Ahead we focus on LNG and Mexican exports and the hot weather expected in Texas.

Crude oil inventories grew two weeks in a row the EIA reported +1580k bbls with Gasoline drawing -1412k Bls. Cushing showed a draw of -1504k bbls. US production rose again on the Barry shutdowns returning 100k to 12.30 mbpd  off the record high of 12.40 mbpd.

The U.S continues to take off rigs, another 6 more oil rigs from service, including 4 in Alaska. U.S.oil production rose 100k to 2300k. US Natural gas rigs fell 2. Canadian natural gas unchanged, oil rigs rose 3

EIA reported a lower than expected build of +55 Bcf in natural gas storage last week, Ahead we focus on LNG and Mexican exports and the hot weather expected in Texas.

The EIA reported buids in crude of +2385k bbls and Gasoline of +4437k Bls. Cushing showed a draw of -1504k bbls. US production rose again on the Barry shutdowns returning 100k to 12.30 mbpd  off the record high of 12.40 mbpd.

The U.S continues to take off rigs, another 6 more oil rigs from service. U.S.oil production rose 900k to 2300k. US Natural gas rigs rose 2. Canadian natural gas rose 4, oil rigs rose 6

With Hurricane Barry in focus EIA reported an expected build of +65 Bcf in natural gas storage last week, Ahead we focus on LNG and Mexican exports. LNG Exports hit a new high this week as hub Futures climbed 10% off the low.

Following Hurricane Barry the EIA reported another huge draw in crude of -8496k bbls. Cushing showed a draw of -1533k bbls. US production rose on the Barry shutdowns returning 900k to 12.20 mbpd  off the record high of 12.40 mbpd.

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