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 seasonally 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 seasonally with the all important import export trade.
DOE Weekly Petroleum Status Report: 12/20/17
- via TradersCommunity.com
- Release Time: Thursday 28 December 2017 – 11:00 ET
Note in bbls *exp = Reuters poll est except Cushing
- Refinery Utilization +1.6% v -0. 5% prior
- Production -.035m w/w to 9.754 mbpd (Off Prev ATH) +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 Feb WTI crude oil futures settled at U.S. crude at $59,64
API via Marketwatch
The American Petroleum Institute on Wednesday showed that U.S. crude supplies declined by 6 million barrels for the week ended Dec. 22, according to sources, compared with expectations for a drawdown of 3.75 million barrels. However, the API data also showed a gain of 3.1 million barrels in gasoline stockpiles, while inventories of distillates rose by 2.8 million barrels, sources said. Supplies at the crude hub in Cushing, Okla., were down 1.3 million barrels, versus forecasts for a decline of 590,000.
Supply data from the more closely followed Energy Information Administration will be released Thursday. Both inventory reports are delayed by a day because of the Christmas holiday. February crude CLG8 -0.10% was down 0.7% at $59.58 a barrel in electronic trading, off from the settlement of $59.64 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.
Further Crude Oil Analysis Criterion Research
From TradersCommunity Research