EIA Oil Inventories – 2435k Crude Draw -4020k Gasoline Draw

Our TCOIL preview for this week’s EIA DOE Weekly Petroleum Status Report highlights the key variables to watch out for. Crude oil markets are watching products and production after earnings with the all important import export trade.

Our TCOIL preview for this week’s EIA DOE Weekly Petroleum Status Report highlights the key variables to watch out for. Crude oil markets are watching products and production after earnings with the all important import export trade.

Cushing Storage Tanks

DOE Weekly Petroleum Status Report: 10/27/17 Release Time: Wednesday 1 November 2017 – 10:30 ET 

 ActualExpectedPrior EIAAPI
Crude-2435k -2600k+856k-5087k
Cushing+90k -45k-237k -263k
Gasoline-4020k
 -2100k-5465k-7697k
Distillate-320k

 -2500k

-5246k-3106k

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization  -2.4% to 88.1 
  • Production  +0.5% w/w to 9.553mbpd vs +1.101 mbpd to 9.507 mbpd to 1.003 mbpd higher YOY 

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

Criterion U.S. Crude Oil Production Forecast

Criterion Research @criterion_info 

US Crude Production

 

“This Week” inventory change in prior years:

EIA Prep via @DigStic

 

 

 Refinery Runs

 

  Cushing Stocks (Hub for WTI Futures Contract) 

 

NB: Check out Ron’s great work at Ron H Public Tableau Link

WTI Oil Futures (CL) via‏ @Lee_Saks

Ahead of API WTI crude oil futures settle at 

 API via Marketwatch 

By Myra P. Saefong @MktwSaefong

API data reportedly shows big declines in U.S. crude, gasoline and distillate supplies

The American Petroleum Institute reported Tuesday that U.S. crude supplies dropped by 5.1 million barrels for the week ended Oct. 27, according to sources. The API data also showed a decline of 7.7 million barrels in gasoline stockpiles, while inventories of distillates lost 3.1 million barrels, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. Analysts polled by S&P Global Platts expect the EIA to report a fall of 1.4 million barrels in crude inventories, along with declines of 1.7 million barrels for gasoline and 2.5 million barrels for distillate supplies. December crude CLZ7, +0.39% was at $54.68 a barrel in electronic trading, up from the settlement of $54.38 on the New York Mercantile Exchange.

https://www.marketwatch.com/story/api-data-reportedly-shows-big-declines-in-us-crude-gasoline-and-distillate-supplies-2017-10-31

** 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

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