Oil & Energy

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The EIA reported a draw of -36 Bcf in natural gas storage last week, as expected as temperatures stayed low after the extreme polar vortex cold. Ahead we focus on LNG and Mexican exports.

The chemical fire in Deer Park, Texas dominates news. EIA reported a build in crude oil storage of 2800k bbls. Gasoline drew -2883k bbls with a draw of -2075k bbls in distillates last week. The shale revolution continues, with production unchnaged at the record high of 12.10 mbpd. 

U.S. oil rigs in service fell 6 this week as U.S.oil production is back at the all time high of 12.10 million bpd. US Natural gas rigs fell one. Oil rigs fell another 49 in Canada and Canadian natural gas rigs fell 7 with the freezing weather.

The EIA reported a draw of -47 Bcf in natural gas storage last week, as expected as temperatures stayed low after the extreme polar vortex cold. Ahead we focus on LNG and Mexican exports.

EIA reported a huge crude oil storage Draw -9589k bbls. Gasoline drew -4587k bbls with a draw of 4127k bbls in distillates.The shale revolution continues,  with production up 100k to the record high of 12.10 mbpd. 

U.S. oil rigs in service fell 1 this week as U.S.oil production came off the all time high to 12.00 million bpd. US Natural gas rigs were unchanged. Oil rigs fell another 20 in Canada and Canadian natural gas rigs fell 8 with the freezing weather.

The EIA reported a draw of -204 Bcf in natural gas storage last week, as expected as temperatures stayed low after the extreme polar vortex cold. Ahead we focus on LNG and Mexican exports.

The OPEC Monthly Oil Market Report (MOMR) for March 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.

EIA reported crude oil storage Draw -3862k bbls when a +2900k bbls build was expected last week. Gasoline drew -4624k bbls with a build of 383kbbls in distillates.The shale revolution continues,  but production dropping 100k off record high to 12.00 mbpd. 

U.S. oil rigs in service fell 9 this week as U.S.oil production hit the all time high of 12.10 million bpd. US Natural gas rigs fell 2. Oil rigs fell 22 in Canada and Canadian natural gas rigs were unchanged with the freezing  weather. 

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