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August 13, 2019 Charts

OECD industry oil stocks rose 32 MMB in June; US gas production hit an all-time high last week; Canadian gas prod in Aug is down 1.3 Bcf/d YoY

The Fed announced a rate cut last Wednesday; WTI oil fell ~$5/B on trade war escalation; US oil production fell by 26 kB/d in May

The Edmonton Light diff narrowed to under $3/B; Cdn crude by rail exports up to 285 kB/d in May; US oil inventories drew by 10.8 MMB last week

Iran seized a British-flagged tanker; US oil inventories fell by 3.1 MMB; US cooling degree days hit a high since 2016