All
  • All
  • Articles
  • Squawks
  • Trade views
  • Must reads
  • Videos
  • Calendar
Views
Write a Squawk
No posts
  • Squawk / Wednesday at 14:49 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    US crude oil inventories rose by 5m barrels to a new record last week. Distillate and gasoline both dropped in line with expectations. The inventory rise was driven by increased imports, especially from Saudi Arabia, Kuwait and Iraq. The average import from these Opec producers showing no signs of slowing y-t-d.
    Production rose by 20k b/d while refinery demand rose by more than expected on solid refinery margins.
    Read the Squawk
    3d
    Ole Hansen Ole Hansen
    More supply: Reuters reports that Libya's production has returned to 700k b/d and the NOC Chairman say they are hoping to reach 1.1m b/d by August
  • Calendar event / Wednesday at 14:30 GMT
    High Crude Oil Stocks, Net Chg (Bbl)
    +2.1M
    +4.954M
    High Gasoline Stocks, Net Chg (Bbl)
    -2M
    -2.811M
    High Distillate Stocks, Net Chg (Bbl)
    -1.7M
    -1.91M
    Med Crude Oil Stocks (Bbl)
    533.11M
    Med Gasoline Stocks (Bbl)
    243.468M
    Med Distillate Stocks (Bbl)
    155.393M
    Med Refinery Usage
    85.3%
    87.4%
    Med Total Prod Supplied (Bbl/day)
    19.255M
    Med Total Prod Supplied, Net Chg (Bbl/day)
    -0.209M
  • Calendar event / Tuesday at 20:30 GMT

    US API Weekly Statistical Bulletin

    forecast
    actual
    Med Crude Stocks, Net Chg (Bbls)
    +4.5M
    Med Gasoline Stocks, Net Chg (Bbls)
    -4.9M
    Med Distillate Stocks, Net Chg (Bbls)
    -0.9M
  • 5d
    Logich Logich
    Ole S. Hansen, what is your thought on Coffee fundamentally short to midterm, please? - It´s been highlighted technical in Macro Monday Call this morning as...
  • Squawk / 16 March 2017 at 4:29 GMT
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    WTI Crude Oil Trading View: after my view made new low 48.14, now hit 1st target 49.16, safe traders book profit & rest wait for 49.88...
    Read the Squawk
  • Calendar event / 15 March 2017 at 14:30 GMT
    High Crude Oil Stocks, Net Chg (Bbl)
    +3M
    -0.237M
    High Gasoline Stocks, Net Chg (Bbl)
    -2M
    -3.055M
    High Distillate Stocks, Net Chg (Bbl)
    -1.1M
    -4.229M
    Med Crude Oil Stocks (Bbl)
    528.156M
    Med Gasoline Stocks (Bbl)
    246.279M
    Med Distillate Stocks (Bbl)
    157.303M
    Med Refinery Usage
    86.1%
    85.1%
    Med Total Prod Supplied (Bbl/day)
    19.464M
    Med Total Prod Supplied, Net Chg (Bbl/day)
    -0.436M
  • Squawk / 15 March 2017 at 14:14 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Countdown to the EIA Weekly Petroleum Status Report at 1430 GMT.
    Most of the attention will focus on crude oil inventories following yesterdays surprise 0.5 million barrel draw from the American Petroleum Institute.
    Surveys are pointing to a 3 million barrel increase which would take inventories to a new record. US crude oil inventories tend to rise seasonally until late April due to refinery maintenance.
    The market will also be looking at imports to gauge whether Opec production cuts will slow US imports thereby supporting an inventory reduction.
    Production estimates have shown an average weekly increase of 30k b/d since October so any major change here will also attract some attention.
    Attached the latest status following last weeks report.

    Updates to follow below.
    Read the Squawk
    15 March
    Ole Hansen Ole Hansen
    Crude oil inventories dropped by 237k barrels while distillates and gasoline both dropped by more than expected. Production rose 21k b/d while imports slowed by 745k b/d....
    15 March
    Ole Hansen Ole Hansen
    Updated charts. Most of the drop in imports was driven by a 1.1M b/d drop from Saudi Arabia, Kuwait and Iraq
  • Squawk / 15 March 2017 at 8:46 GMT
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    WTI Crude Oil Trading View: now having support zone 47.90 & recent low 48.35, below holding means 47.28 & 46.60 easily looking other wise again rise up to 49.16 & 49.88...
    Read the Squawk