Oil & Energy

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In a volatile trading week EIA reported  builds in crude and gasoline but lower than what API reported. Cushing showed another large build with 2096k bbls.. US production actually fell this week in the shale revolution 100k off the record high to 12.30 mbpd.

The U.S. took another 11 oil rigs out of service  this week, 6 in the Permian Basin as U.S.oil production hit another all time high at 12.40 million bpd. US Natural gas rigs rose 2. Canadian natural gas rose 3 and oil rigs rose 15.

New recent lows with another +100 Bcf build with the natural gas injection season upon us. The EIA reported a build of +119 Bcf in natural gas storage last week.  Ahead we focus on LNG and Mexican exports.

In a volatile trading week EIA reported huge builds across the board,  with a total crude and products build of 22, 414 k bbls the largest since 1990. The shale revolution continues as production rose 100k to record high 12.40 mbpd.

U.S. oil rigs in service rose 3 this week with U.S.oil production back at all time high at 12.30 million bpd. US Natural gas rigs fell 2. Canadian natural gas rose 1 and oil rigs rose 66.

EIA reported a draw in crude oil storage of -282k bbls last week. Gasoline had another build this week of 2204k bbls following prior week's +3716k with a draw of -1615k bbls in distillates. The shale revolution continues as production rose 100k to record high 12.30 mbpd.

Another +100 Bcf draw with the natural gas injection season upon us. The EIA reported a build of +114 Bcf in natural gas storage last week, as expected with temperatures stayed are in the hot/cold sweet spot for users. Ahead we focus on LNG and Mexican exports.

U.S. oil rigs in service fell another 5 this week with U.S.oil production off the all time high at 12.20 million bpd. US Natural gas rigs rose 1. Canadian natural gas fell 1 and oil rigs rose 16.

The Oil and gas midstream services unit of Diamondback, Rattler Midstream LP (RTLR) of Midland Texas launched it's IPO worth $665M with 38 million shares at $17.50 eachat the midpoint of the proposed range of $16.00 to $19.00.

The natural gas injection season is upon us. The EIA reported a build of +100 Bcf in natural gas storage last week, as expected as temperatures stayed are in the hot/cold sweet spot for users. Ahead we focus on LNG and Mexican exports.

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