Rodent

API Inventory Data (Tuesdays)

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Welcome to the API inventory data thread. This thread will be updated weekly with the crude oil inventory data that is published weekly on Thursdays at 4:30pm EST. All relevant conversation pertaining to the API inventory data will be commented on here.

For discussions about the EIA inventory data, please see the EIA inventory data thread.

 

--JG 

 

 

 

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Analysts largely expecting a fairly decent build in crude oil of ~3 million barrels.

Gasoline expected to build, but by under 1 million barrels.

Oil price trends are SUPER ugly today. Any build larger than what was expected in either crude oil or gasoline may mean more bloodshed tomorrow.

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Higher inventories in both crude oil and gasoline than expected. US production reported over 10 million bpd. If you thought oil prices were ugly last week, welcome to a whole new kinda ugly this week.

Crude: +3.947MM Cushing: -2.319MM Gasoline: +4.634MM Distillate: +1.1MM

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Yep, this is the fear that's been guiding oil prices. Inventory for oil, and overall inflation fears for the entire stock market. 

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US shale is not going to stop until prices are so low it makes no sense to keep it up. 

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So my usual go-to for analyst predictions doesn't have the new forecast for crude oil or gasoline inventories https://www.investing.com/economic-calendar/eia-crude-oil-inventories-75

what gives? Anyone see analyst predictions yet for this week's figures?4

Aside from that, API will be on a one-day delay this week due to President's Day.

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So where is the place to go for the fastest release of these numbers? Every week i am trading way later than what the market do and only enjoy bits and pieces of the actual profits to be made. 

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Ah... well, you can pay API thousands of dollars to get the figures directly from them. Alternatively, you can get them from us, about 6 minutes after the release (so, about 4:36 pm EST). We usually have it up shortly after that.

https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Fall-After-API-Reports-Crude-Gasoline-Build.html

Welcome to the OP community!

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Maybe I should gauge the interest of publishing the figures here a couple minutes earlier? Just the figures without the commentary? 

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Thanks Rodent.

I think you should def do that :) I will click in to check every week for sure! Will be good with a discussion ariund those numbers as well

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API data today (one day delay due to holiday):

Crude: -907,000 

Gasoline: 1.468 million

Distillates: -3.563 million 

Cushing: -2.644 million

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Analyst expectations for US inventory moves:

crude +2.077 million barrels

gasoline -190,000 barrels

distillate -709,000

 

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Crude: +0.933MM Gasoline: +1.914MM Distillates: -1.437MM Cushing: -1.277MM

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wasn't expecting that draw at cushing

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27 minutes and counting!

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crude +1.156 million 

gasoline -1.262 million

distillates -4.258 million

Cushing -156,000

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Make no mistake, the Arab states control supply volume due to their large basins and lower costs.

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38 minutes ago, WATT said:

Make no mistake, the Arab states control supply volume due to their large basins and lower costs.

They'd like to think so, anyway. 

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Analysts expecting a 2.55 million barrel build in crude, 2.0 million barrel draw in gasoline, and 1.746 million barrel draw in distillates.

Any bets on how close the API will be to those figures?

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crude  -2.739 million

gasoline -1.0633 million

distillate -1.926 million

Cushing +1.644 million

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was that the api that should be released any minute here?

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6 minutes ago, cattleman said:

was that the api that should be released any minute here?

Yes. The full API article will then be released a few minutes behind the raw data. 

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Analyst Expectations for w/e 3/30

crude oil: +246,000

gasoline -1.26 million

distillates: -1.134 million 

data release in t-5. Stay tuned!

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