Post by
ThatAlbertaGuy on Feb 23, 2021 4:34pm
API report
They only guess 1.026 mil bbl draw??? How is that possible should be 10
Comment by
Moemoney42 on Feb 23, 2021 4:47pm
Could it be the case that the refineries were shut down as well..? Might have to wait until next weeks numbers to see the refineries ramp up before the production can... tough call..??
Comment by
ThatAlbertaGuy on Feb 23, 2021 4:56pm
yeah it's a catch 22 refineries were down but so where a lot of wells . I just think our 62$ oil was really hedged on a big draw maybe eia will correct won't be the first time there has been a few million bbl spread between the 2. keep holding I guess :)
Comment by
x-x-x on Feb 23, 2021 5:11pm
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Comment by
ThatAlbertaGuy on Feb 23, 2021 5:22pm
you are correct ! Apologies
Comment by
Natgasbc2021 on Feb 23, 2021 5:28pm
Less oil being sent to refineries that wernt refining oil not a huge drawdown makes sense 1 +1 doesnt equal 4... I would expect major Gas and Diesel draws though in the coming weeks
Comment by
Backinblack1000 on Feb 23, 2021 5:50pm
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Comment by
downtozero on Feb 23, 2021 5:24pm
I read it as 1.026M gain, not draw?? https://ca.investing.com/economic-calendar/api-weekly-crude-stock-656