Oil & Energy

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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.

Ukraine in July started buying crude oil from Iran from just $236,000 worth in June to $5.442 million in July. This puts Iran behind Azerbaijan and Kazakhstan as the major oil exporters to Ukraine.

Another big energy company earnings this week including shale plays $FANG $EOG and $DVN, offshore drillers $DO and $RIG, Independents $MRO and $APA and Natural gas $CHK. Catch up on all the energy earnings you  may have missed.

Iran is seeing the benefits from cutting it's crude oil prices to gain market share. Iranian crude exports to China may rise to the highest in 11 months in August two tanker sources told Reuters on Thursday. Iran crude and condensate exports to China are seen at 733,000 barrels per day (bpd) in August. This would be a 11 percent rise in crude volumes month-on-month.

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.

Shale play Devon Energy $DVN who is reporting second quarter earnings after the market close Tuesday announced they are selling Eagle Ford Assets in Lavaca County, Texas to Penn Virginia for $205 Million.

Energy company earnings kicked off this week with oil service giants $SLB & $HAL, Oil majors $XOM $RDG.A $COP and $CVX, Pipelines $TCP Natural gas $ECA $COP. Catch up on all the energy earnings you  may have missed.

As Oil rises so do rigs, Baker Hughes US oil rig count rose 2 rigs 766 from 764. Over the past few weeks we have seen a steadying of new oil rigs in the US. U.S. added 6 Natural gas rigs to 192 this week. Canada added another 14 rigs.

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