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.
DOE Weekly Petroleum Status Report: 10/27/17 Release Time: Wednesday 1 November 2017 – 10:30 ET
| Actual | Expected | Prior EIA | API | |
| 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
“This Week” inventory change in prior years:
EIA Prep via @DigStic
RonH@Ronh999 Refinery Runs
RonH@Ronh999 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.
** 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