Weekly DOE Oil Charts - January 26, 2018
Conclusion: Overall inventories built this week, particularly crude (which is seasonally normal). Cushing still drew, we think this needs to...
Market Updates
Weekly DOE Oil Charts - January 19, 2018
Conclusion: Further declines in US inventories, faster than even we predicted. Oil production growth is strong at close to 1mb/d and is now...
Weekly DOE Oil Charts - January 12, 2018
Conclusion: US petroleum inventories continued to declined rapidly, particularly Cushing stocks. Net imports are again at extremely low leve...
Weekly DOE Oil Charts - December 29, 2017
Conclusion: US petroleum inventories showed a small counter-seasonal build this week, but crude stocks still drawing relatively fast. We bel...
Weekly DOE Oil Charts - November 3, 2017
Conclusion: The large draws continue as net imports remain very low. We continue to believe that we are in a large global deficit in 4Q17, b...
Weekly DOE Oil Charts - October 20, 2017
Conclusion: Very large draw of crude and products, which was mainly driven by the record low net import number (mainly due to extremely high...
Weekly DOE Oil Charts - October 13, 2017
Conclusion: At first sight the stats look very bullish, with total stocks drawing >11mb more than normal. However, 7mb of that is due...
Weekly DOE Oil Charts - September 27, 2017
Conclusion: This weeks DOE statistics look very bullish at first sight with large counter-seasonal draws in total petroleum and – contrary...
Weekly DOE Oil Charts - September 22, 2017
Conclusion: This weeks DOE statistics remained impacted by Hurricane Harvey, but the dust slowly settles. While stocks remain in draw mode,...
Weekly DOE Oil Charts - September 15, 2017
Conclusion: The weekly DOE statistics are still heavily impacted by the aftermath of hurricane Harvey in this weeks stats and will remain im...
Weekly DOE Oil Charts - September 9, 2017
Conclusion: The weekly DOE statistics are heavily impacted by the aftermath of hurricane Harvey in this weeks stats and will remain impacted...
Weekly DOE Oil Charts - September 1, 2017
Conclusion: The weekly DOE statistics are heavily impacted by the aftermath of hurricane Harvey in this weeks stats and will remain impacted...
Weekly DOE Oil Charts - August 25, 2017
Conclusion: Relatively strong stats, larger than normal inventory draws continue. The oil market is being roiled by the storm related issues...
Weekly DOE Oil Charts - August 18, 2017
Conclusion: Rather underwhelming stats. Crude rallied anyway following the release as gasoline stocks drew more than expected (API reported...
Weekly DOE Oil Charts - August 4, 2017
Conclusion: Neutral to slightly bullish. Draws are larger than normal but drawdowns have slowed down materially over the past two week compa...
Weekly DOE Oil Charts - July 28, 2017
Conclusion: Neutral stats but impressive nevertheless given that we expected some reversal from the last 3 weeks extremely bullish reports....
Weekly DOE Oil Charts - July 21, 2017
Conclusion: Very bullish stats. We are three weeks into July and already drew 23.5mb, 36mb more than normal. We continue to expect larger d...
Weekly DOE Oil Charts - July 14, 2017
Conclusion: Very bullish stats. Two weeks of solid draws in July paint a very bullish picture despite the apparent strong supply growth data...
Weekly DOE Oil Charts - July 7, 2017
Conclusion: Bullish. Strong start into July with another sharp decline in stocks. Ignoring the weekly fluctuation in demand data, average de...
Weekly DOE Oil Charts - June 30, 2017
Conclusion: Very bullish stats. Arguably a large share of the draws and the increase in implied demand simply offset the weakness in recent...