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.
DOE Weekly Petroleum Status Report: 7/26/17
Release Time: Wednesday 2 August 2017 – 10:30 ET
| Actual | Expected | Prior EIA | API | |
| 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
EIA Prep via @DigStic
TankerTackers.com Estimates @TankerTrackers
RonH @Ronh999 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.
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