Oil & Energy

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The EIA reported a draw of - 134 Bcf in natural gas storage this 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.  

EIA reported another huge build in crude oil with draws in gasoline and Cushing inventories last week.  Production remained at an all time high with 11.7 mbpd. Crude oil futures volatilty as long biased funds collapsed and the Trump OPEC rhetoric picked up.

U.S. oil rigs in service rose 2 this week to a new cycle high as U.S.oil production  rose to all an all time high of 11.70 million bpd. US Natural gas rigs fell 1. Oil rigs rose 1 in Canada. Bottlenecks remain in the Midland Texas area.

EIA reported another huge build in crude oil with draws in gasoline and distillate inventories last week.  Production hit another all time high with 11.7 mbpd. Crude oil futures have fallen over 25 percent since the Iran ramp up spruiked by banker analysts.

The EIA reported a build of +39 Bcf in natural gas storage this  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.  

The OPEC Monthly Oil Market Report (MOMR) for October released Tuesday 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.

U.S. oil rigs in service rose 12 this week to a new cycle high as U.S.oil production  rose to all an all time high of 11.60 million bpd. US Natural gas rigs rose 2. Oil rigs fell in Canada. Bottlenecks remain in the Midland Texas area.

The EIA reported a build of +65 Bcf in natural gas storage last week. Winter is approaching with model confusion. Meanwhile Mexican exports near record high as we watch LNG shipments.  

EIA reported another huge build in crude oil and gasoline inventories this week.  Production hit another all time high with 11.4 mbpd. Crude oil futures have fallen over 20 percent since the Iran ramp up spruiked by banker analysts.

U.S. oil rigs in service fell 1 this week, with 4 coming off in Texas as U.S.oil production  rose again to 11.20 million bpd. US Natural gas rigs were unchanged. Oil rigs also fell n Canada. Bottlenecks remain in the Midland Texas area.

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