Baytex Energy Corp T.BTE

API another net draw with the SPR -4.524m

[BayStreetWolfTO]

Oil +3.825m
SPR -5.900m
Net Oil - 2.075m

Gas -1.814m
Dist -0.635m

Total net draw - 4.524m

Cush +0.459m

[Tradestay]

maybe you should write some energy articles and gives the facts. I see some people writing about builds in API that indicates demand destruction but does not mention draw from SPR or give more attention to product build or draws.

[nikolaos]

Hi BSW, I know you have said in the past that API data doesnt include SPR release in its reporting. I usually get the data from oilprice.com and in their article this is what they state.  Is this more of a wording situation to conflate the narrative?  I tried to look into this to see if API includes the spr releases but couldnt really find the answer as to if and why.  I guess just

[BayStreetWolfTO]

The API doesn't break out the US government SPR release into the system (they don't report "Total" stock which is Commercial + SPR)...they report "commercial stock only. As I mentioned you're probably reading an article from "creative wrtier" Julianne Gieger  "Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member

[nikolaos]

Lol yup written by the aformentioned. Thanks for the explanation, i appreciate that. 

[BayStreetWolfTO]

Yep. Lots of distorters out there.

[2dream4U]

When does the SPR release end? It will put an end to this trickery! 

[Nothingmatters]

Lol it doesnt end till November.....lol when wti will be $60.

[Antonyius]

The SPR was never released to be a permanent fix to the supply constraint but to trick the public into thinking that oil prices won't go any higher with these inventory "builds". It will probably last until the midterm election to give the Democrats a fighting chance.

[BayStreetWolfTO]

Democrats are toast. Fed seems to be softening...tech is pressuring them not to do 75 lol. Biden can't afford it with only 90 days to mid-term