Oil & Energy

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In less than a year US Gulf Coast crude export capacity could near 8.5 million b/d and US LNG export capacity exceed 7 Bcf/d a S&P Global analysis concludes. More LNG terminals are proposed that could mean five times greater capacity with most in the Gulf Coast.

EIA reported another build in crude oil storage of +4740k bbls last week. Gasoline had a build of 3716k bbls with a build of 768k bbls in distillates last week. The shale revolution continues as production rosel 100k off record high to 12.20 mbpd.

U.S. oil rigs in service fell another 3 2 this week with U.S.oil production just off the all time high at 12.10 million bpd. US Natural gas rigs were unchanged. Canadian natural gas and oil rigs were unchanged.

The natural gas injection season is upon us. The EIA reported a build of +106 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.

EIA reported a suprise build in crude oil storage of 5431k bbls last week. Gasoline had a draw of 1123k bbls with a build of just 84k bbls in distillates last week. The shale revolution continues BUT production fell 100k off record high to 12.10 mbpd.

The OPEC Monthly Oil Market Report (MOMR) for May released Tuessday 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 fell 2 this week with U.S.oil production just off the all time high of 12.20 million bpd. US Natural gas rigs were unchanged. Oil rigs rose 5 in Canada and Canadian natural gas rigs fell 3 with the freezing weather.

The natural gas injection season is upon us. The EIA reported a build of +85 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.

EIA reported a surpise draw in crude oil storage of 3963k bbls last week. Gasoline had a draw of 595k bbls with a draw of -159k bbls in distillates last week. The shale revolution continues BUT production fell just 100k off record high of 12.20 mbpd.

The natural gas injection season is upon us. The EIA reported a build of +123 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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