Yangarra Resources Ltd T.YGR

15 million barrel draw on API

[Flush11]

along with drops in gasoline and distillate of about 2.1 million barrels. 

Nuttall wins the first inventory report of August. Lets see what the geniuses at EIA say tomorrow. 

buy any oil stock you like becaues it is DART time?

[cfliesser]

Eia will be interesting tomorrow! 

[kavern23]

15m is a large draw but it looks to still be purely on imports and exports. IE OPEC purposely drawing oil out of the USA. The draw isnt due to robust USA demand...yes we will see what happens and a large draw is good for prices but to see a bullish oil market on equities we are still missing USA robust demand. I mean it is silly if USA exports and imports get almost equal. I remember the days

[kavern23]

If Biden had brains, he would make a law limiting oil exports from USA ports to 2m barrels a day. Problem solved. OPEC ultmately going to hurt Europe worse in this. I would not want to own one Europe stock right now. USA 12.6m plus Canada has to export to USA...USA has enough oil.

[cfliesser]

would never do that, would destroy alliances

[kavern23]

USA  could still export to Europe...but stop oil exports to China and India etc.

[cfliesser]

Oil is a global market, wont make a difference. Just will shift volumes around

[kavern23]

China holds the power in how long OPEC can keep withholding oil. Rememeber China saved Europe last fall by exporting LNG to Europe and also not pumping NG prices. IF USA and China work together, they still can squash OPEC like a bug. All China has to do is use their massive oil reserve and start selling oil back to the market. Saudi Annualized GDP is already down to 1.1% and China could push

[TheRexmember]

They had a law limiting exports. They repealed it because they were over producing the wrong grades of oil. Their refineries are tuned for heavy oil.