Our post Harvey 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 for products and production after the hurricanes with the all important import export trade.
DOE Weekly Petroleum Status Report: 9/13/17
Release Time: Wednesday 20 September 2017 – 10:30 ET
Note in bbls *exp = Reuters poll est except Cushing
Refinery Utilization +5.5% vs +5.0% exp
Production +1.7% w/w 9.51 mbpd vs 9.353 mbpd now Back to Harvey Levels, Prior + 6.5% to 9.353 mbpd vs 8.781 mbpd prior (Near Pre Harvey Levels)
Summary of Weekly Petroleum Data for the Week (Live Link)
DOE Estimates via TankerTrackers.com @tankertrackers
“This Week” inventory change in prior years:
EIA Prep via @DigStic
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 $49.90/bbl. $0.45. -0.89%.
$CL_X7 volume: ~677k
API via Marketwatch
By Myra P. Saefong @MktwSaefong
API data show modest U.S. crude supply rise, drop in gasoline stockpiles: sources
The American Petroleum Institute reported Tuesday that U.S. crude supplies climbed by 1.4 million barrels for the week ended Sept. 15, according to sources. The API data also showed that gasoline stockpiles dropped 5.1 million barrels, and inventories of distillates fell by 6.1 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 climb of 2.4 million barrels in crude inventories, along with declines of 800,000 barrels for gasoline and 1 million barrels for distillate supplies. October crude CLV7, +0.73% was at $49.87 a barrel in electronic trading, up from the settlement of $49.48 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 #OOTTNews
From TradersCommunity Research