EIA Oil Inventories – 3429k Crude Draw +3627k Gasoline Build

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: 11/24/17

  • via TradersCommunity.com
  • Release Time: Wednesday 29 November 2017 – 10:30 ET 
 ActualExpectedPrior EIAAPI
Crude-3429k -3200k-1855k+1821
Cushing-3178k-2920k-1827k-3178k
Gasoline+3627k
+1200k+44k-1529K
Distillate+2747k

 -100k

+269k+2691

Note in bbls *exp = Reuters poll est except Cushing  

  • Refinery Utilization +1.3% v +0.50% expected
  • Production +0.024 mbpd to 9.682 mbpd,+ 0.983 mbpd higher YOY

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

Criterion U.S. Crude Oil Production Forecast

Criterion Research @criterion_info 

Brynne Kelly‏@BrynneKKelly 

“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 Jan WTI crude oil futures settled at U.S. crude at $57.99. $0.12. -0.21%. #CME #NYMEX #CL_F7

 API via Marketwatch

Oil prices climb as sources say API data show drop in U.S. crude supplies

 

Published: Nov 21, 2017 4:46 p.m. ET

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

Leave a Reply

Your email address will not be published. Required fields are marked *