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: 11/17/17
- via TradersCommunity.com
- Release Time: Wednesday 22 November 2017 – 10:30 ET
| Actual | Expected | Prior EIA | API | |
| Crude | -1855k | -2200k | +1854k | -6356 |
| Cushing | -1827k | -1820k | 1803k | -1796k |
| Gasoline | +44k | +900k | +894k | +869k |
| Distillate | +269k | -1800k | -799k | -1670k |
Note in bbls *exp = Reuters poll est except Cushing
- Refinery Utilization +0.3% vs +0.4% estimate
- Production 9.658mbpd vs 9.645mbpd prior +0.1% w/w +11.1% y/y
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 Dec WTI crude oil futures settled at $56.83
API via Marketwatch
Oil prices climb as sources say API data show drop in U.S. crude supplies
The American Petroleum Institute reported Tuesday that U.S. crude supplies dropped by 6.4 million barrels for the week ended Nov. 17, according to sources. The API data also showed a rise of 869,000 barrels in gasoline stockpiles, while inventories of distillates fell by 1.7 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 decline of 2.1 million barrels for crude inventories. They also forecast a rise of 1 million barrels for gasoline and a draw of 1.8 million barrels for distillate supplies. January crude CLF8, +0.42% was at $57.10 a barrel in electronic trading, up from the settlement of $56.83 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