Cushing back to a build with a large crude build as oil futures quickly reverted back into contango ahead of this week’s EIA oil inventory report while a shifting geopolitical risk matrix develops after President Trump ousted Secretary of State Rex Tillerson.
Cushing back to a build as oil futures quickly reverted back into contango ahead of this week’s EIA oil inventory report while a shifting geopolitical risk matrix develops after President Trump ousted Secretary of State Rex Tillerson.
Crude Oil Tanks at Cushing OK, Basis For the WTI Futures Contract.
DOE Weekly Petroleum Status Report: 3/7/18
- via TradersCommunity.com
- Release Time: Wedneday 14 March 2018 – 10:30 ET
| Actual | Expected | Prior EIA | API | |
| Crude | +5022k | +1500k | +2408k | +1156k |
| Cushing | +338k | +320k | -605k | -156k |
| Gasoline | -6271k | -2100k | -788k | -1262k |
| Distillate | -4360k | -1400k | -559k | -4258k |
Note in bbls *exp = Reuters poll est except Cushing
- Refinery Utilization +2.0% v Exp -0.5%
- Production +0.1% to 10.381mbd ( ATH) +14% y/y
Summary of Weekly Petroleum Data for the Week (Live Link)
Criterion U.S. Crude Oil Production Forecast @Criterionrsch
EIA Inventory Forecast via @tankertrackers.com
“Cushing crude oil storage is currently down 45% year-on-year. Just look at all that red.”
The Fundamental Angle with Brynne Kelly @BrynneKKelly
DigStic Data @DigStic
Chad Stickforth @DigStic – Since report dated Nov-10-17, Cushing has drawn in every week except for one for a total depletion of 34.6 million barrels. Impressive.
RonH Data @Ronh999
US Oil Exports Are Decreasing From October Peak
US Oil Imports Per Day
US Oil Input Into Refineries Per Day
US consumers spent $86.2 million more dollars per day than same week last year
US Oil Field Production
US Oil Refinery Utilization
NB: Check out Ron’s great work at Ron H Public Tableau Link
WTI Oil Futures (CL) via @Lee_Saks
Ahead of API Feb WTI crude oil futures settled at U.S. crude at $
API via Marketwatch
** Note with the unreliability of the API numbers highlighted by its constant debacles we offer you the bare bones of that report.
REGULAR & HOLIDAY RELEASE SCHEDULE
Further Crude Oil Analysis Criterion Research
From TradersCommunity Research