Oil & Energy

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EIA reported a build in Gasoline for the first time in 11 weeks crude oil storage built 9934k bbls. Gasoline had a build of 917k bbls with a draw of -662k bbls in distillates last week. The shale revolution continues BUT production back up 100k to record high of 12.30 mbpd.

U.S. oil rigs in service fell 20 this week with U.S.oil production back at the all time high of 12.20 million bpd. US Natural gas rigs fell 1. Oil rigs were unchanged 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 +92 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 build in crude oil storage of 5479k bbls. Gasoline drew -2129k bbls with a draw of -662k bbls in distillates last week. The shale revolution continues BUT production back up 100k to record high of 12.20 mbpd.

U.S. oil rigs in service fell 8 this week with U.S.oil production off 10k bpd from the all time high of 12.20 million bpd. US Natural gas rigs fell 2. Oil rigs rose 1 in Canada and Canadian natural gas rigs fell 1 with the freezing weather.

The natural gas injection season is upon us. The EIA reported a build of +92 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 draw in crude oil storage of 1396k bbls. Gasoline drew  -1174k bbls with a draw of -362k bbls in distillates last week. The shale revolution continues BUT production fell 100k from record high to 12.10 mbpd.

U.S. oil rigs in service rose 2 this week with U.S.oil production at the all time high of 12.20 million bpd. US Natural gas rigs fell 5. Oil rigs fell another 4 in Canada and Canadian natural gas rigs rose 2 with the freezing weather.

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.

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