Baytex Energy Corp T.BTE

API numbers

[HighOctane89]

I only got the one number so far but that seems "hard to believe" , haven't heard anything about gas or diesel inventory yet . With all the refineries offline earlier because of weather , it might have thrown a wrench into the calculator . I guess we will see what the EIA report says because that API number doesn't look "believable" . Good excuse to manipulate the market though not unlike that news story from a couple of months back that OPEC+ would boost production . The Saudi's exposed it for BS the next day but the shorters had already tanked the price . Just have to see if there is any rationality left in this market

[riski]

You can't read much into inventory numbers in the last two weeks of Dec or first two weeks of January. There is a lot of bookeeping that goes on to square previously announced numbers and then all the demand drop during the holidays that happens every year.  Apart from that, this is the time of the year we should see builds to prepare for spring and summer. So some building is expected.&

[HighOctane89]

If anyone can post gasoline , diesel and Cushing numbers , please do .

[Hightowntrader]

Burnsco API weekly oil Crude +14.865 Cushing +2.3 Gasoline +1.8 Disesel +1.1

[Chrisinvan7]

Crude +14.865M Cushing +2.3M Gas +1.8M Distillates +1.1M

[HighOctane89]

Thanks for posting the numbers , year end accounting would explain a lot of this report .

[HighOctane89]

The API reported a build in commercial inventories of 13M barrels for the entire year (2022) as 221M barrels were released from the SPR , by my count thats a draw of 208M barrels net . Other than year end accounting an actual build of 14M doesn't seem right .  

[hobbitnobbit]

https://tradingeconomics.com/united-states/api-crude-oil-stock-change