{"id":1114029,"date":"2019-05-02T16:23:47","date_gmt":"2019-05-02T16:23:47","guid":{"rendered":"http:\/\/www.kereport.com\/?p=51840"},"modified":"2019-05-02T16:23:47","modified_gmt":"2019-05-02T16:23:47","slug":"josef-schachter-energy-market-insights-thu-2-may-2019","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1114029","title":{"rendered":"Josef Schachter &#8211; Energy Market Insights &#8211; Thu 2 May, 2019"},"content":{"rendered":"<p>Crude Oil Data Summary &#8211; Courtesy of Josef Schachter<\/p>\n<p>Below is a recap of the recent crude oil data. This summary is sent out by Josef Schachter to all of his subscribers when key data is released. I will also have Josef on this weekend&#8217;s show so if you have any questions on the energy sector please be sure to comment or email me shortly. We will be chatting in a couple hours. <\/p>\n<p><a rel=\"noreferrer noopener\" aria-label=\"Click here for more information on Josef's newsletter - The Schachter Energy Report.  (opens in a new tab)\" href=\"http:\/\/www.schachterenergyreport.ca\/\" >Click here for more information on Josef&#8217;s newsletter &#8211; The Schachter Energy Report. <\/a><\/p>\n<p>Here&#8217;s the data&#8230;<\/p>\n<p>Crude oil saw a very big build this week of 9.9Mb and crude oil is being hit as a result. WTI today is down 70 cents to US$63.21\/b.<\/p>\n<p>Details:<\/p>\n<ul>\n<li>Commercial crude inventories are now 34.6Mb above last year. Now at 470.6Mb.<\/li>\n<li>Total stocks (excluding the SPR) were up this week by 12.7Mb and are now 69.6Mb above last year.<\/li>\n<li>Part of the rise this week was due to net imports rising by 335Kb\/d or 2.3Mb on the week.<\/li>\n<li>US production rose by 100Kb\/d to a new record high of 12.3Mb\/d.<\/li>\n<li>Product supplied fell by 296Kb\/d to 20.15Mb\/d as the shoulder season lower demand continues. Year to date demand is up only 0.3% to 20.6Mb\/d and we are down from over 22Mb\/d consumed during the peak winter demand season.<\/li>\n<li>Gasoline demand fell on the week by 181Kb\/d to 9.2Mb\/d and is down year to date by 0.1% to 9.13Mb\/d versus the year before.<\/li>\n<\/ul>\n<p>We continue to expect WTI to fall below US$60\/b this month and to below US$50\/b in June.<\/p>\n<p>Remain patient. Another great buying window for energy stocks should arise sometime in late June.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude Oil Data Summary &ndash; Courtesy of Josef Schachter<br \/>Below is a recap of the recent crude oil data. This summary is sent out by Josef Schachter to all&#8230;<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","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":"","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-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-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-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-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-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-gradient":""}},"footnotes":""},"categories":[2065,362],"tags":[231],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1114029"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1114029"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1114029\/revisions"}],"predecessor-version":[{"id":1114030,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1114029\/revisions\/1114030"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1114029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1114029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1114029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}