Precision Drilling Corporation (PDS), Offshore Driller Q2 Playbook, Things We've Learned This Week, US EIA Petroleum Statistics
Precision Drilling Corporation (PDS) Strength in Canada to be Muted by Change in Depreciation Handling 10 July 2014 sendspace.com
Offshore Driller Q2 Playbook See You In September 11 July 2014 sendspace.com
Oilfield Services Things We've Learned This Week 10 July 2014 sendspace.com
US EIA Petroleum Statistics Gulf Coast refineries hit record run rates, whittling down bloated crude stocks, even as US production hits new recent high 9 July 2014 ¦ 27 pages ir.citi.com
Nationwide crude inventories drew 2.4-m bbls as US Gulf Coast refineries ran at record levels while USGC crude imports remained muted, even as US crude production hit a new recent high of 8.5-m b/d, up 1.1-m b/d y/y. Cushing crude stocks built 447-k bbls as Keystone Gulf Coast and Seaway pipeline flows remained muted, while Basin and Hawthorn rail inflows rose somewhat. Based on flows so far this week, Cushing could draw modestly next week, perhaps some 0.1-0.6-m bbls. Product stocks built as refinery output continued to outpace domestic and export demand. Total gasoline stocks built 579-k bbls, while distillate stocks built 227-k bbls Cargo movements suggested that US product exports were flattish w/w, remaining somewhat robust. Brent- WTI narrowed over the week, driven by the fall in Brent-LLS. |