Oil Prices Continue Rise After Tighter EIA Inventories Among Iran and Saudi Uncertainty

Oil prices continued to rise after a tighter EIA Inventory report, prices have had a bid since President Trump ousted Secretary of State Rex Tillerson with a shifting geopolitical risk matrix adding to uncertainty with Iran.

Oil prices continued to rise after a tighter EIA Inventory report, prices have had a bid since President Trump ousted Secretary of State Rex Tillerson with a shifting geopolitical risk matrix adding to uncertainty with Iran.

Cushing Storage Tanks

Crude Oil Tanks at Cushing OK, Basis For the WTI Futures Contract.

DOE Weekly Petroleum Status Report: 3/14/18

  • via TradersCommunity.com
  • Release Time: Wedneday 21 March 2018 – 10:30 ET 
 ActualExpectedPrior EIAAPI
Crude-2622k+3200k+5022k-2739k
Cushing+905k+722k+338k1644k
Gasoline-1693k
-2000k-6271k-1063k
Distillate-2022k

-1700k

-4360k-1926k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization +1.7% v Exp -0.2% 
  • Production +0.3% to 10.407mbd ( ATH) +14% y/y

Summary of Weekly Petroleum Data for the Week (Live Link)

US Petroleum Inventories Getting Tight? via Barclays Research

US Total Petrol Inventories March 2018Cushing March 2018

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

 

 

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 $391.61 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

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