Oil & Energy

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The US has been gaining LNG export share after Australia and Qatar with Houston based Cheniere Energy the leading American exporter from Sabine. We monitor price, weather, political affects affecting US liquid natural gas and for global demand. 

U.S. oil rigs in service fell another 4 this week, 15 off cycle high as U.S.oil production held at the all time high 11.70 million bpd. US Natural gas rigs added 4. Oil rigs rose 83 in Canada and natural gas 25 with the weather change. 

The EIA reported a draw of - 87 Bcf in natural gas storage last week with weather models continuing to be confused. Meanwhile Mexican exports near record high as we watch LNG shipments.  

EIA reported a small build in crude oil with huge builds in gasoline and distillates. Cushing inventories showed a build last week.  Production at 11.7 mbpd ATH. Crude oil futures volatilty continued with market uncertainty with OPEC & Trade War concerns.

The US has been gaining LNG export share after Australia and Qatar with Houston based Cheniere Energy the leading American exporter from Sabine. We monitor price, weather, political affects affecting US liquid natural gas and for global demand. 

U.S. oil rigs in service fell 8 this week, 11 off cycle high as U.S.oil production held at the all time high 11.70 million bpd. US Natural gas rigs were unchanged Oil rigs rose 5 in Canada. Bottlenecks remain in the Midland Texas area.

EIA reported a small build in crude oil with huge builds in gasoline and distillates. Cushing inventories showed a build.  Production at 11.7 mbpd ATH. Crude oil futures volatilty continued with market uncertainty with OPEC & Trade War concerns.

The EIA reported a draw of - 20 Bcf in natural gas storage last week. Inventories are expected to peak this year at 3.24 Tcf: 14% below the 5-year average, the lowest level in at least a decade. Meanwhile Mexican exports near record high as we watch LNG shipments.  

U.S. oil rigs in service rose 2 this week, 3 off cycle high as U.S.oil production held at the all time high 11.70 million bpd. US Natural gas rigs rose 1. Oil rigs fell 43 in Canada. Bottlenecks remain in the Midland Texas area.

EIA reported a smaller than expected draw in crude oil with builds in gasoline and a build in Cushing inventories last week.  Production back to 11.7 mbpd ATH. Crude oil futures volatilty continued with large fund blowouts after the OPEC meeting with Trade War concerns.

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