Oil & Energy

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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.

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.

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