Oil & Energy

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The EIA reported buids in crude of +2385k bbls and Gasoline of +4437k Bls. Cushing showed a draw of -1504k bbls. US production rose again on the Barry shutdowns returning 100k to 12.30 mbpd  off the record high of 12.40 mbpd.

The U.S continues to take off rigs, another 6 more oil rigs from service. U.S.oil production rose 900k to 2300k. US Natural gas rigs rose 2. Canadian natural gas rose 4, oil rigs rose 6

With Hurricane Barry in focus EIA reported an expected build of +65 Bcf in natural gas storage last week, Ahead we focus on LNG and Mexican exports. LNG Exports hit a new high this week as hub Futures climbed 10% off the low.

Following Hurricane Barry the EIA reported another huge draw in crude of -8496k bbls. Cushing showed a draw of -1533k bbls. US production rose on the Barry shutdowns returning 900k to 12.20 mbpd  off the record high of 12.40 mbpd.

The U.S.after Hurricane Barry continues to take off rigs, another 3 more oil rigs from service. U.S.oil production fell another 700k to be 1400k off it's all time high to 11.00 million bpd. US Natural gas rigs fell 5. Canadian natural gas rose 7, oil rigs rose 2

With Hurricane Barry in focus EIA reported an expected build of +36 Bcf in natural gas storage last week, Ahead we focus on LNG and Mexican exports. LNG Exports hit a new high this week as hub Futures climbed 10% off the low.

Following Hurricane Barry the EIA reported a huge draw in crude of -10835k bbls with small changes in gasoline and distillates. Cushing showed a draw of -429k bbls. US production fell on the Barry shutdowns 700k to 11.30 mbpd  off the record high of 12.40 mbpd.

Pipeline Gas exports to Mexico have been rising and should continue to rise on rising Mexican demand with insufficient domestic production capability. Costa Azul LNG import terminal conversion would see even more US gas imported by Mexico.

After Hurricane Barry the U.S. took off 5 oil rigs to service, including adding back 4 in the Permian and Eagle Ford Basins. U.S.oil production fell 300k to be 400k off it's all time high to 12.00 million bpd. US Natural gas rigs rose 2. Canadian natural gas rose 3, oil rigs fell 2

With Hurricane Barry in focus EIA reported an expected build of +62 Bcf in natural gas storage last week, Ahead we focus on LNG and Mexican exports. LNG Exports hit a new high this week as hub Futures climbed 10% off the low.

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