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: 10/4/17
Release Time: Thursday 12 October 2017 – 10:30 ET
API and EIA are both delayed a day this week due to Columbus Day
Note in bbls *exp = Reuters poll est except Cushing
Refinery Utilization +1.1% vs -0.25% expected
Production -81kbpd on Nate (less than expected)
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
API via Marketwatch
By Myra P. Saefong @MktwSaefong
API data show a weekly climb in U.S. crude supply, sources say
The American Petroleum Institute reported Wednesday that U.S. crude supplies rose by 3.1 million barrels for the week ended Oct. 6, according to sources. The API data also showed that gasoline stockpiles declined by 1.6 million barrels, but inventories of distillates rose by 2 million barrels, sources said. Supply data from the Energy Information Administration will be released Thursday morning, a day later than usual because of the Columbus Day holiday. Analysts polled by S&P Global Platts expect the EIA to report a fall of 400,000 barrels in crude inventories, along with declines of 1.4 million barrels for gasoline and 1.64 million barrels for distillate supplies. November crude CLX7, -0.51% was at $51.03 a barrel in electronic trading, down from the settlement of $51.30 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.
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