The TCoil EIA DoE’s 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.
The TCoil 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: 12/13/17
- via TradersCommunity.com
- Release Time: Wednesday 20 December 2017 – 10:30 ET
Note in bbls *exp = Reuters poll est except Cushing
- Refinery Utilization +0.70% v -0. 4% prior
- Production +0.1% w/w to 9.789 mbpd (New Record) +11.4% y/y
Criterion U.S. Crude Oil Production Forecast
EIA Inventory Forecast via @tankertrackers.com
“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 $
API via Marketwatch
U.S. oil benchmark rises as supply data show surprisingly large drawdown
Oil prices rose on Wednesday, helped by U.S. inventory data showing a decline in stockpiles. West Texas Intermediate crude for February climbed 20 cents, or 0.4%, to $57.76 a barrel, setting the contract on track for its highest settlement in over a week. Meanwhile, Brent for the same month -0.02% added 2 cents to $63.82 a barrel. The moderate gains on Wednesday came after the American Petroleum Institute late on Tuesday said U.S. oil inventories dropped by 5.2 million barrels last week, a bigger drawdown than expected. Official data from the U.S. Energy Information Administration is due on Wednesday at 10:30 a.m. Eastern Time.
Brent was also supported by ongoing delivery outages in the North Sea due to the defective Forties pipeline. Ineos, the pipeline’s operator, said earlier this week that the repair is expected to take two to four weeks from when the outage started on Dec. 11.
** Note with the unreliability of the API numbers highlighted by its constant debacles we offer you the bare bones of that report.
Further Crude Oil Analysis Criterion Research
From TradersCommunity Research