Oil & Energy

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With world leaders heading to Japan and an OPEC meeting next week the WSJ reports Iran warned Thursday that if the 2015 nuclear agreement unravels, it would follow North Korea and quit a treaty aimed at stopping the spread of nuclear weapons.

New recent futures lows but under +100 Bcf this week with the EIA reporting as expected build of +98 Bcf in natural gas storage last week, Ahead we focus on LNG and Mexican exports.

Heading into G20 EIA reported a draw in crude of  12788k bbls higher than what API reported. Cushing showed a draw of 1746k bbls.. US production actually fell for the third week in a row this week in the shale revolution another100k off the record high to 12.10 mbpd.

The U.S. added another rig to service, another 4 down in Texasn as U.S.oil production fell again off it's all time high to 12.20 million bpd. US Natural gas rigs frose 1. Canadian natural gas rose 2 and oil rigs rose 11.

New recent lows with another +100 Bcf build with the natural gas injection season upon us. The EIA reported a higher than expected build of +115 Bcf in natural gas storage last week,  Ahead we focus on LNG and Mexican exports.

Heading into FOMC EIA reported draws in crude and gasoline higher than what API reported. Cushing showed another build with 643k bbls.. US production actually fell for the second week in a row this week in the shale revolution  another100k off the record high to 12.20 mbpd.

The U.S. took another rig out of service, after taking 11 out of service last week, another 5 down off in the Permian Basin as U.S.oil production came off it's all time high to 12.30 million bpd. US Natural gas rigs fell 5. Canadian natural gas fell 6 and oil rigs rose 10.

New recent lows with another +100 Bcf build with the natural gas injection season upon us. The EIA reported a build of +102 Bcf in natural gas storage last week.  Ahead we focus on LNG and Mexican exports.

The OPEC Monthly Oil Market Report (MOMR) for June released Thursday provides OPEC's outlook for crude oil market developments for the coming year with key developments impacting oil market trends in world oil demand and supply.

In a volatile trading week EIA reported  builds in crude and gasoline but lower than what API reported. Cushing showed another large build with 2096k bbls.. US production actually fell this week in the shale revolution 100k off the record high to 12.30 mbpd.

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