{"id":4544,"date":"2019-01-07T12:05:52","date_gmt":"2019-01-07T17:05:52","guid":{"rendered":"https:\/\/www.fundamentalanalytics.com\/?p=4544"},"modified":"2019-01-07T12:05:53","modified_gmt":"2019-01-07T17:05:53","slug":"doe-insights-january-04-2019","status":"publish","type":"post","link":"https:\/\/www.fundamentalanalytics.com\/pt\/doe-insights-january-04-2019\/","title":{"rendered":"DOE Insights January 04, 2019"},"content":{"rendered":"<p>DOE Insights January 04, 2019<\/p>\n\n\n\n<p><strong>CRUDE OIL<\/strong><\/p>\n\n\n\n<p><strong>Crude Oil Stocks unchanged. Expectations were for a draw<\/strong>.<\/p>\n\n\n\n<p>The DOE reported Total Crude Oil Inventories unchanged at 441.4 million barrels for the week ending December 28, 2018, while expectations average was for a 3.1 million barrel decrease.<br>Overall hydrocarbon supplies increased by 14.6 million barrels to 1,242 million barrels.<\/p>\n\n\n\n<p>Crude Oil Production was unchanged at 11.6 million barrels per day.<\/p>\n\n\n\n<p>Total Crude Imports were 300,000 barrels per day at 7.4 million barrels per day.<\/p>\n\n\n\n<p>Total Refinery Crude Runs were up 400,000 barrels per day at 17.76 million barrels per day.<\/p>\n\n\n\n<p>The DOE report was bearish for crude oil prices. Prices were up $2 at the release of the report but then traded down, finishing up about $1.00 by the end of the trading day. Prices have rallied $6 from their lows in December with reports of the largest OPEC output cuts since 2017. Prices have also been supported by <g class=\"gr_ gr_10 gr-alert gr_gramm gr_inline_cards gr_disable_anim_appear Grammar only-ins replaceWithoutSep\" id=\"10\" data-gr-id=\"10\">US<\/g> and China trade talks which <g class=\"gr_ gr_11 gr-alert gr_gramm gr_inline_cards gr_disable_anim_appear Grammar multiReplace\" id=\"11\" data-gr-id=\"11\">has<\/g> reduced some fears of a global economic slowdown. For <g class=\"gr_ gr_12 gr-alert gr_gramm gr_inline_cards gr_disable_anim_appear Punctuation only-ins replaceWithoutSep\" id=\"12\" data-gr-id=\"12\">now<\/g> we expect prices to be more affected by news headlines than fundamental supply\/demand information. This means crude oil prices will continue to be volatile.<\/p>\n\n\n\n<p>We would be happy to discuss this commentary with you and provide additional market insights.\u00a0Feel free to call us at 312-348-7518 or email us at\u00a0joel.fingerman@fundamentalanalytics.com.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"579\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-114-1.jpg\" alt=\"\" class=\"wp-image-4545\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-114-1.jpg 800w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-114-1-300x217.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-114-1-768x556.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"800\" height=\"523\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-2.jpg\" alt=\"\" class=\"wp-image-4546\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-2.jpg 800w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-2-300x196.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-2-768x502.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"800\" height=\"584\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-3.jpg\" alt=\"\" class=\"wp-image-4549\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-3.jpg 800w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-3-300x219.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-3-768x561.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"584\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-104-4.jpg\" alt=\"\" class=\"wp-image-4547\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-104-4.jpg 800w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-104-4-300x219.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-104-4-768x561.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"579\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-5.jpg\" alt=\"\" class=\"wp-image-4548\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-5.jpg 800w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-5-300x217.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-5-768x556.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"584\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-6.jpg\" alt=\"\" class=\"wp-image-4550\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-6.jpg 800w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-6-300x219.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-6-768x561.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"583\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-7.jpg\" alt=\"\" class=\"wp-image-4551\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-7.jpg 800w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-7-300x219.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-7-768x560.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p><strong>GASOLINE<\/strong><\/p>\n\n\n\n<p><strong>Gasoline Stocks Build, Much Greater than Expectations.<\/strong><\/p>\n\n\n\n<p>Total <g class=\"gr_ gr_11 gr-alert gr_spell gr_inline_cards gr_disable_anim_appear ContextualSpelling ins-del multiReplace\" id=\"11\" data-gr-id=\"11\">MotorGasoline<\/g> Inventories increased by significant 6.9 million barrels to 240.0 million barrels for the week ending December 28, 2018. The expectations average was for a 2.0 million barrel increase.<\/p>\n\n\n\n<p>Implied Demand was down by 190,000 barrels per day to 8.86 million barrels per day.<\/p>\n\n\n\n<p>Gasoline Production was down 610,000 barrels per day to 9.13 million barrels per day.<\/p>\n\n\n\n<p>The DOE report was very bearish to gasoline prices. The prices tracked crude oil prices, up before the report release, trading down after the release, but still ending positive for the day.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"592\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-8.jpg\" alt=\"\" class=\"wp-image-4552\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-8.jpg 800w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-8-300x222.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-8-768x568.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"591\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-9.jpg\" alt=\"\" class=\"wp-image-4553\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-9.jpg 800w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-9-300x222.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-9-768x567.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"592\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-10.jpg\" alt=\"\" class=\"wp-image-4554\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-10.jpg 800w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-10-300x222.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-10-768x568.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"582\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-11.jpg\" alt=\"\" class=\"wp-image-4555\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-11.jpg 800w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-11-300x218.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-11-768x559.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p><strong>DISTILLATES<\/strong><\/p>\n\n\n\n<p><strong>Distillates Stocks Build, Much Greater than Expectations.<\/strong><\/p>\n\n\n\n<p>Total Distillates Stocks increased by large 9.5 million barrels to 129.4 million barrels for the week ending December 28, 2018, while expectations average was for a 1.6 million barrel build.<\/p>\n\n\n\n<p>Total Distillates Production was up 150,000 barrels per day to 5.59 million barrels per day.<\/p>\n\n\n\n<p>Total Distillates Implied Demand down by 1.22 million barrels per day at 4.42 million barrels per day.<\/p>\n\n\n\n<p>The DOE report was also very bearish to heating oil prices.\u00a0 The prices tracked crude oil prices, up before the report release, trading down after the release, but still ending positive for the day.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"586\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-12.jpg\" alt=\"\" class=\"wp-image-4556\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-12.jpg 800w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-12-300x220.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-12-768x563.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"594\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-13.jpg\" alt=\"\" class=\"wp-image-4557\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-13.jpg 800w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-13-300x223.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-13-768x570.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"587\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-14.jpg\" alt=\"\" class=\"wp-image-4558\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-14.jpg 800w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-14-300x220.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-14-768x564.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"582\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-15.jpg\" alt=\"\" class=\"wp-image-4559\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-15.jpg 800w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-15-300x218.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/DOE-014-15-768x559.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p>For further information contact\u00a0joel.fingerman@fundamentalanalytics.com<\/p>","protected":false},"excerpt":{"rendered":"<p>DOE Insights January 04, 2019 CRUDE OIL Crude Oil Stocks unchanged. Expectations were for a draw. The DOE reported Total Crude Oil Inventories unchanged at 441.4 million barrels for the week ending December 28, 2018, while expectations average was for a 3.1 million barrel decrease.Overall hydrocarbon supplies increased by 14.6 million barrels to 1,242 million [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4544","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts\/4544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/comments?post=4544"}],"version-history":[{"count":3,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts\/4544\/revisions"}],"predecessor-version":[{"id":4562,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts\/4544\/revisions\/4562"}],"wp:attachment":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/media?parent=4544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/categories?post=4544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/tags?post=4544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}