Yangarra Resources Ltd T.YGR

Looking at EIA numbers this morning

[TheRexmember]

Massive change in net imports last week. About 1.3 million barrels per day change in imports/exports. The VLCCs can have an outsized impact as unloadings/loadings swing about 2 million barrels per. If the net imports stayed the same crude would have dropped almost 10 million barrels. 

propane had the only significant increase in inventories. Not sure how much a typical seasonal swing would be though. 

still murky. Two big draws, one huge build in the middle.

[cfliesser]

They should really use a 4 week moving average. If you do that you will see draws continuously. This week is fine, it will take months for the extent of the draws to be apparent. Market is just starting to wake up. We are not at crisis levels, but they are lower than avg and spr is no longer an option. 

[Flush11]

I agree. Though every time I post something positive the markets hand me my A$$ - usually the next day. Every time I post something negative this board does lol. Here is a chart from Nuttall's twitter page. If Saudi and Russia are following through, this is/was basically inevitable.

[Flush11]

the caption didn't attach for the chart. It is : Oil-on-Water down 58MM Bbls so far this MONTH...the market will soon "see" it to "believe" it.

[kavern23]

Based on speculation yesterday, this report should have been really bullish today and it wasnt. For WTI to go over 80, Saudi and Russia manipulation is not enough...it will back shorts off but problem is still demand. OPEC is causing stagflation in a way for oil...lower demand and higher prices. Big problem in todays report is it is USA peak driving season and like last year driving demand is

[kavern23]

Rex...those USA imports of oil being so high could because USA and China are working together to try cap oil prices. The real irony is media pumps up USA and China friction but both of those countries are still super powers on eveything and no other country is close. Rumour is China is backing off on a desperately needed stimulus package as they dont want to stoke commodity prices higher. IF