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  • Calendar event / Wednesday at 14:30 GMT
    High Crude Oil Stocks, Net Chg (Bbl)
    -3.2M
    -5.731M
    High Gasoline Stocks, Net Chg (Bbl)
    +0.6M
    +0.908M
    High Distillate Stocks, Net Chg (Bbl)
    -1.5M
    +0.528M
    Med Crude Oil Stocks (Bbl)
    456.485M
    Med Gasoline Stocks (Bbl)
    222.334M
    Med Distillate Stocks (Bbl)
    134.487M
    Med Total Prod Supplied (Bbl/day)
    19.142M
    Med Total Prod Supplied, Net Chg (Bbl/day)
    -0.574M
    Med Refinery Usage
    89.1%
    84.5%
  • Squawk / Wednesday at 12:45 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Crude oil trading modestly higher on continued geopolitical risks and ahead of today’s weekly stock report from the EIA at 1430 GMT.
    Iraqi forces continue to recapture territory from the Kurds while shipping sources say that flows through the Kurdish pipeline to the Turkish port of Ceyhan have dropped sharply to around 225,000 barrels per day from around 500,000 bpd on Tuesday.
    Oil received a lift yesterday after the API said US oil stocks fell 7.13m barrels last week, more than double what surveys expect the EIA report will show later today. The gains however were somewhat hampered by a rise in both gasoline and distillates and if confirmed by the EIA the latter would represents the first rise in seven weeks.
    NOTE: Export, imports and off-shore crude oil production are all likely to have been impacted by Hurricane Nate which hit the Gulf of Mexico during the reporting week.
    Updates to follow below once the report is out.
    Read the Squawk
    4d
    Ole Hansen Ole Hansen
    US crude oil inventories dropped by 5.7m barrels last week primarily due to Hurricane Nate triggering a 1.15m barrel/day reduction in production. Distillates and gasoline both saw...
    4d
    Ole Hansen Ole Hansen
    Charts
    4d
    Ole Hansen Ole Hansen
    In conclusion: Crude oil inventories dropped with lower production due to Hurricane Nate and second lowest net-import on record more than offsetting a big drop in...
  • Calendar event / Tuesday at 20:30 GMT

    US API Weekly Statistical Bulletin

    forecast
    actual
    Med Crude Stocks, Net Chg (Bbls)
    -7.1M
    Med Gasoline Stocks, Net Chg (Bbls)
    +1.9M
    Med Distillate Stocks, Net Chg (Bbls)
    +1.6M
  • Calendar event / 12 October 2017 at 15:00 GMT
    High Crude Oil Stocks, Net Chg (Bbl)
    -1.7M
    -2.747M
    High Gasoline Stocks, Net Chg (Bbl)
    -0.6M
    +2.49M
    High Distillate Stocks, Net Chg (Bbl)
    -1.4M
    -1.48M
    Med Crude Oil Stocks (Bbl)
    462.216M
    Med Gasoline Stocks (Bbl)
    221.426M
    Med Distillate Stocks (Bbl)
    133.959M
    Med Total Prod Supplied (Bbl/day)
    19.716M
    Med Total Prod Supplied, Net Chg (Bbl/day)
    +0.002M
    Med Refinery Usage
    88%
    89.2%
  • 12 October
    Ole Hansen Ole Hansen
    Limited market reaction to the EIA report despite seeing the API data being wrong on all three. Hurricane Nate played its part on trade, production and stocks....
    12 October
    Ole Hansen Ole Hansen
    Charts
  • Squawk / 12 October 2017 at 7:14 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Crude oil trading softer ahead of the 'Weekly Petroleum Status Report' from the U.S. Energy Information Administration (EIA) at 1700CET. This in reaction to a surprise rise in oil and distillate stocks being reported by the API last night (table attached).
    Before then at 1000 CET we get the monthly 'Oil Market Report' from the International Energy Agency (IEA). It was last months report which helped send oil to its recent peak before two consecutive bearish stock report triggered the correction that lasted up until last Friday.
    IEA comments will be posted below once out.
    Link: https://www.iea.org/oilmarketreport/omrpublic/
    Read the Squawk
    12 October
    Ole Hansen Ole Hansen
    Crude oil trading a tad softer as the IEA says oil inventory decline will halt in 2018. A 1.5M b/d rise in non-Opec production leaving no room...
    12 October
    BHASKAR REDDY BHASKAR REDDY
    thank you sir
    13 October
    Martinez Martinez
    Hello Ole,How is your health and work doing?
  • Calendar event / 11 October 2017 at 20:30 GMT

    US API Weekly Statistical Bulletin

    forecast
    actual
    Med Crude Stocks, Net Chg (Bbls)
    +3.1M
    Med Gasoline Stocks, Net Chg (Bbls)
    -1.6M
    Med Distillate Stocks, Net Chg (Bbls)
    +2M