Oil & Energy

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Hurricanes have taken their toll on products as refineries were shut down with Hurricane Harvey this week's EIA DOE Weekly Petroleum Status Report shows. Oil Production is almost back to Pre Harvey levels.

Canadian Solar subsidiary Recurrent Energy signed a 100-MW in new solar power purchase agreement with Peninsula Clean Energy for Kings County, California. The agreement is through the Mustang Two Photovoltaic Project.

US oil rigs -3 this week, Bakers Hughes said, leaving a total of 756. Canada oil rig count unchanged.

US oil rigs unchanged this week. Bakers Hughes said the U.S. oil rig count fell 4 last week, leaving a total of 759. Canada lost 13 rigs.

US oil rigs drew fell again this week. Bakers Hughes said the U.S. oil rig count  fell 4 after falling 5 last week to 759. Canada lost 6 rigs.

The EIA releases it's weekly natural gas storage report each Thursday at 10.30 ET, the key data point for natural gas traders outside of weather modelling. This week another build is expected.

The TCOIL preview for this week's EIA DOE Weekly Petroleum Status Report highlights the key variable to watch out for. Crude oil markets are watching for production and product use with the all important import export trade.

Austrlian mining giant $BHP announced it will sell its shale assets after it had determined "are non-core and we are actively pursuing options to exit these assets for value". BHP had bought the U.S. Shale assets in the oil boom for around $20 billion.

US oil rigs drew a breath this week. Bakers Hughes U.S. oil rig count  fell 5 to 763. Canada lost 6 rigs.The lower rigs were mainly due to mainenance takedowns. 

Goldman Sachs has been one of the favorite analysts to use as a contrarian indicator at Traders Community. Now we hear $GS traders lost $100 million on a Natural gas basis trade last quarter.

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