EIA Oil Inventories Crude -1527 Draw, Gasoline – 2517 Draw #TCOIL

The TCOIL preview for this week’s EIA DOE Weekly Petroleum Status Report highlights the key variable to watch out for. Crude oil markets are watching for production and product use with the all important import export trade.

Cushing Oil StorageDOE Weekly Petroleum Status Report: 7/26/17
Release Time: Wednesday 2 August 2017 – 10:30 ET

 ActualExpectedPrior EIAAPI
Crude -1527k -3000k-7208k +1779
Cushing -39k -305k-1699k +2562k
Gasoline -2517k -600k-1015k -4827k
Distillate-150k

 -500k

-1852k -1225k

Note in bbls *exp = Reuters poll est except Cushing  

Refinery Utilization +1.1% to 95.4%

Production  +0.2% w/w to 9.43mbpd +11.5% y/y

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

DOE Estimates via @EnergyBasis

Crude Production – Oil Rigs – Crude Futures 

Total US RigCount 

Current US Oil & NatGas RigCount

EIA Prep via @DigStic

 

TankerTackers.com Estimates @TankerTrackers

 

 Refinery Runs

 

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 $49.16/bbl.  -$1.01. -2.01%

API via Marketwatch 
By Myra P. Saefong @MktwSaefong

 API says U.S. crude-oil stocks up 1.8 million barrels: reports

The American Petroleum Institute on Tuesday said U.S. crude oil inventories rose 1.8 million barrels last week, according to news reports. The trade group saw a 4.8 million barrel decline in gasoline stocks and a 1.2 million barrel fall in distillate stocks, reports said. More closely watched data from the Energy Information Administration is scheduled for release Wednesday morning. Oil futures remained under pressure in electronic trade following the API figures, with September crude CLU7, -0.73% on the New York Mercantile Exchange trading at $48.77 a barrel, down from a settlement of $49.16 earlier Tuesday.

http://www.marketwatch.com/story/api-says-us-crude-oil-stocks-up-18-million-barrels-reports-2017-08-01

 ** 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 #OOTTNews

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