MacroMicro

Crude Oil ×

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發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save MM Crude Oil Fundamental Index

MMFI for Crude oil is an integral index created by MacroMicro for crude oil futures fundamentals. When it goes up, it means the fundamentals of crude oil market are looking good.

This chart reflects the fundamentals of crude oil market. The components of oil MMFI are listed in this section, including US Crude Oil Inventories (YoY), Crude Oil COT Index, US Gasoline and Distillate Fuel Inventories, etc. We adjust the weight of each component according to the latest market conditions.

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Latest Stats
  • MM Crude Oil Fundamental Index (L)
    2021 W36
    4.87
  • WTI Crude Oil Futures Price (R)
    2021-09-22
    71.45
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save USD/CAD vs. Oil Price

Canada is one of the world's largest exporters of raw materials, including crude oil. Crude oil exports account for 10% of Canada's GDP. USD/CAD and the oil price have a positive correlation. (The y-axis to USD/CAD is reversed.)

When oil price rises, Canadian dollar appreciates. CAD peaked out and reversed before oil price did in 2008 and 2014.

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Latest Stats
  • USD/CAD (L)
    2021-09-22
    1.28
  • US WTI Crude Oil Futures Price (R)
    2021-09-22
    71.45
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save USD/RUB vs. Oil Price

Russia was the world's third-largest oil producer and the second-largest oil exporter. Oil exports account for 45% of Russia's total exports, while oil revenue accounts for 10% of its GDP. Oil price is closely connected with the Russian economy, and it has a positive correlation USD/RUB.

When oil price rises, Ruble appreciates. (The y-axis to USD/RUB is reversed.)

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Latest Stats
  • USD/RUB (L)
    2021-09-22
    72.88
  • US WTI Crude Oil Futures Price (R)
    2021-09-22
    71.75
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save US Crude Oil Supply and Demand

EIA releases daily product supplied (consumption) and field production of petroleum in its weekly report. Demand shows sharp fluctuations, but in general it rises from late spring to summer and from late fall to winter.

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Latest Stats
  • US Daily Consumption of Petroleum (L)
    2021 W36
    19,911.00k
  • US Daily Field Production of Petroleum (R)
    2021 W36
    10,100.00k
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save US Crude Oil Net Demand (YoY)

Net demand = Demand - Supply

Production from West Texas (aka the Permian Basin) has been and will be increasing, so net demand is expected to show sharper fluctuations.

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Latest Stats
  • US Crude Oil Net Demand (4-week MA, YoY, L)
    2021 W36
    37.12%
  • NYMEX WTI Crude Oil Futures Price (R)
    2021-09-22
    71.45
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save US Crude Oil Trade

The US is the largest oil-consuming economy whose oil demand accounts for about 20% of global demand. The other major oil importer is China. The US and China's oil imports combined represent the global demand.

The US oil production has soared since they began producing shale oil in 2008. The US government later lifted a 40-year ban on exporting oil price in 2015 because production was high and price was low. In 2017, production rose again as Trump administration seeks energy independence.

*Both crude oil imports and exports show sharp fluctuations, so the chart uses 4-week moving averages to smooth out random fluctuations, instead of using weekly data. You can find the weekly data in our chart maker.

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Latest Stats
  • US Crude Oil Imports (4-week MA, L)
    2021 W36
    6,017.00k
  • US Crude Oil Exports (4-week MA, L)
    2021 W36
    2,705.00k
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save US Crude Oil Net Imports

The US is the biggest oil-consumer and supplier whose oil ex/imports reflect changes in the global supply/demand oil.

Net Imports = Imports - Exports

The US imports increase or exports decrease → Net imports rise and oil price rises, too

The US imports decrease or exports increase → Net imports declines and oil price declines, too

Since the US began producing shale oil in 2008, net imports declined.

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Latest Stats
  • US Crude Oil Net Imports (4-week MA, L)
    2021 W36
    3,312.00k
  • NYMEX WTI Crude Oil Futures Price (R)
    2021-09-22
    71.45
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save US Crude Oil Inventories

EIA oil inventories reflect the changes in oil demand and supply. Oil inventories and oil price have a correlation coefficient of -0.54.

Data have shown that inventories increase from February to May as well as from September to November and decrease from June to August and in December. Inventory usually reaches a peak in April or May.

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Latest Stats
  • US Oil Inventories (Excluding SPR, L)
    2021 W36
    417,445.00k
  • US Oil Inventories (Weekly Change, R)
    2021 W37
    -3,481.00k
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save US Gasoline Inventories vs. Refinery Utilization Rate

Gasoline is a refined petroleum product. When gas price rises due to strong demand, refineries need to order more crude oil to produce gas and to meet the demand, bringing crude oil price higher. Gas price and oil price have a correlation coefficient of 0.7.

Refinery utilization rate = "Gross inputs" / "The latest reported monthly operable capacity (using unrounded numbers)"

Refinery utilization rate reflects future demand. Gas inventories and refinery utilization rate have a negative correlation.

Refineries shut down for maintenance after summer driving season is over and utilization rate declines; refineries reopen in the winter and utilization rises.

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Latest Stats
  • US Gasoline Inventories (L)
    2021 W36
    218,142.00k
  • US Refinery Utilization Rate (R)
    2021 W36
    82.10%
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save US Crude Oil Rig Count

Baker Hughes releases the drilling rig count that are active in the US on the last day of the work week. Rig count reflects the driller's expectations about oil price.

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Latest Stats
  • US Crude Oil Rig Count (L)
    2021 W37
    411.00
  • US Crude Oil Rig Count (Weekly Change, R)
    2021 W37
    411.00
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save US Crack Spread

3 barrels of WTI crude oil produce 2 barrels of reformulated gasoline blend-stock for oxygen blending (RBOB) and 1 barrel of heating oil.

Crack spread = 2 * RBOB + 1 * HO - 3 * WTI

Crack spread usually leads crude oil price by 1 month.

Crack spread widens when demand for gas or heating oil increases. Because refineries need to buy more crude oil to increase production to meet demand. Crack spread narrows when gas or heating oil inventories are high.

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Latest Stats
  • US Crack Spread (L)
    2021-09-22
    56.90
  • NYMEX WTI Crude Oil Futures Price (R)
    2021-09-22
    71.45
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save US Product Supplied of Petroleum Products

EIA 每週公布美國每日原油產品消費量（Products Supplied），可視為原油需求指標，計算全美石化產品於初級來源（如煉油廠、輸油管、儲油庫）的消耗量，約等於生產 + 進口 - 出口 - 庫存變化。

依照下游主要石化產品分類，汽油約佔四成消費量、蒸餾油約兩成、航空燃油約一成。

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Latest Stats
  • US Weekly Crude Oil Consumption
    2021 W36
    19,911.00k
  • US Weekly Crude Oil Consumption-Finished Motor Gasoline
    2021 W36
    8,892.00k
  • US Weekly Crude Oil Consumption-Distillate Fuel Oil
    2021 W36
    3,795.00k
  • US Weekly Crude Oil Consumption-Kerosene Type Jet Fuel
    2021 W36
    1,376.00k
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save US Gasoline and Distillate Fuel Inventories

Inventories increase from February to May and September to November; decrease from June to August and December. Inventories usually peak in April or May.

* June to August are the summer driving season. December to January are winter.

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Latest Stats
  • US Crude Oil Inventories (Weekly Change)
    2021 W37
    -3,481.00k
  • US Crude Oil Inventories- Cushing (Weekly Chang
    2021 W36
    -1,103.00k
  • US Gasoline Inventories (Weekly Change)
    2021 W37
    3,475.00k
  • US Distillate Fuel Inventories (Weekly Change)
    2021 W37
    -2,555.00k
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save Commercial Crude Oil & Distillate Fuel Stock

Distillate fuel oil consumption is indicative of global economic growth. Used in trucks, steamships and airplanes, distillate fuel oil accounts for over 30% of global consumption of petroleum products.

Distillate fuel oil inventories increase because global economic growth slows down or demand is weak. Its inventories also lead crude oil inventories by 9 to 11 weeks.

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Latest Stats
  • US Crude Oil Inventories (L)
    2021 W36
    417,445.00k
  • US Distillate Fuel Oil Inventories (R)
    2021 W36
    131,897.00k
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save US Crude Oil Storage Capacity Utilization Rate

Starting April 8, 2020, EIA includes oil storage capacity utilization rate in its weekly report.

Crude Oil Storage Capacity Utilization Rate = Net stocks / Working storage capacity

PAD Districts don't share storage space; each tank must keep some spare room for safety reasons.

Percentage of total storage space:

East Coast (PADD 1): 3 - 4%
Midwest including Cushing, Oklahoma (PADD 2): 26% including Cushing (11%)
Gulf Coast (PADD 3): 55 - 56%
Rocky Mountain (PADD 4): 3 - 4%
West Coast (PADD 5): 9 - 10%

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Latest Stats
  • PADD 1
    2021 W36
    42.00%
  • PADD 2
    2021 W36
    42.00%
  • Cushing, OK
    2021 W36
    43.00%
  • PADD 3
    2021 W36
    39.00%
  • PADD 4
    2021 W36
    50.00%
  • PADD 5
    2021 W36
    57.00%
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save US DUC Count

Uncompleted wells aren't profitable. The number of drilled but uncompleted wells (knows as DUCs) reflects the oil producers' willingness to invest in drilling new wells and their expectations for oil price and demand.

DUC wells could be activated for operational needs and it will lead to a short-term surge in oil supply. Then, oil price needs strong oil demand to stabilize.

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Latest Stats
  • US Field Production of Crude Oil
    2021 W36
    10,100.00k
  • US DUC Count
    2021-07
    5,957.00
Source
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發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save OPEC Oil Production Cut

OPEC was founded in 1960 and now headquartered in Vienna, Austria. Its members include Algeria, Angola, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, the Republic of the Congo, Saudi Arabia, the United Arab Emirates and Venezuela. OPEC holds two annual meetings to address current oil market conditions.

In 2016, OPEC and some non-OPEC countries formed OPEC+ to strike a deal on production cuts. MacroMicro creates Oil Cut Compliance to reflect the percentage of reduced production in agreed production cuts. The higher the compliance is, the more likely that oil price will rise.


* OPEC+ includes Russia, Mexico, Amman, Azerbaijan, Sudan, Brunei, Bahrain, Malaysia, South Sudan, and Kazakhstan. Kazakhstan is not part of the oil cut agreement.

** Ecuador left OPEC in 2020. New Compliance data is applied starting 2020.

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Latest Stats
  • OPEC Oil Cuts Compliance (L)
    2021-01
    107.87%
  • OPEC Oil Cuts (R, bpd)
    2021-01
    4,923.00k
Source
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發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save OPEC Spare Crude Oil Production Capacity vs Oil Price

美國能源資訊局（EIA）每月公佈「短期能源展望報告」（Short-term Energy Outlook, STEO），其統計過去並預估未來 1 ~ 2 年的 OPEC 剩餘產能（30 天內可上線，並維持至少 90 天），可作為全球油市供需平衡的觀察指標。

一般而言，油價與 OPEC 剩餘產能具有反向關係：當經濟出現嚴重衰退，油市面臨需求疲軟、供給過剩，OPEC 採取減產措施、因而拉高剩餘產能，油價維持低檔 ; 而當原油供需轉好、甚至趨於緊縮，OPEC 重啟閒置產能，有利油價行情。

不過也有例外，2014 年底 OPEC 意外決議不減產，不惜油價重挫，以搶奪市佔為第一優先，藉此打擊當時正在快速崛起的美國頁岩油。

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Latest Stats
  • OPEC-Total Spare Crude Oil Production Capacity, Monthly, million barrels per day
    2022-12
    4.90
  • NYMEX- Crude Oil (Brent)
    2021-09-22
    75.69
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save OPEC three exempted countries

長期以來，伊朗、利比亞、委內瑞拉等三國因為不同因素，使得主要經濟來源的石油產業受到牽制，因此在 2016 年 OPEC+ 減產協議中皆被列為減產豁免國。

利比亞
利比亞自 2011 年～2020 年歷經兩次內戰，國內石油產業長期不穩定。2020 年 11 月利比亞政府與反叛軍利比亞國民軍（LNA）簽署永久停火協議，解除長達 10 個月的港口出口封鎖，才讓石油產量迅速回升至封鎖前水位。

委內瑞拉
委內瑞拉因美國以執政黨迫害人道主義名義，自 2015 年來施行長期的經濟制裁，因此被列為減產豁免國。由於委內瑞拉近年的設備投資不足、加上舊井產量衰退嚴重，該國石油產量自 2016 年來便開始走下坡，供給復甦彈性最差。

伊朗
2018 年美國單方面退出伊朗核協議（JCPOA），並對伊朗重新施加制裁，使得該國石油出口受限。不過在三國當中，伊朗理論產能最大，供給復甦彈性最佳。

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Latest Stats
  • Iran Crude Oil Production
    2021-04
    3,149.66k
  • Libya Crude Oil Production
    2021-05
    1,248.00k
  • Venezuela Crude Oil Production
    2021-05
    565.00k
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save OPEC Persian Gulf Region - Oil Production

石油輸出國組織（OPEC）之中，位於中東波斯灣地區的五大成員國 - 沙烏地阿拉伯、伊拉克、伊朗、阿聯酋、科威特，上述五國合計的探明儲量（proved reserves）接近全球五成，產量則是接近整體 OPEC 八成，能夠左右全球石油與天然氣供給。

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Latest Stats
  • Saudi Arabia - Crude oil production
    2021-04
    8,344.00k
  • Iraq Crude Oil Production
    2021-04
    4,041.56k
  • United Arab Emirates Crude Oil Production
    2021-05
    3,010.00k
  • Kuwait Crude Oil Production
    2021-04
    2,440.00k
  • Iran Crude Oil Production
    2021-04
    3,149.66k
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save World Petro & Other Fuel Production & Consumption Estimates

This chart shows supply, demand and 2-year projections for petroleum and other liquid fuel (eg. crude oil, gas, diesel and aviation fuel) from EIA's monthly STEO report. When supply outgrows demand, oil price could fall.

Unit: million barrels / day

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Latest Stats
  • Production (Million Barrels Per Day, L)
    2022 Q4
    102.68
  • Consumption (Million Barrels Per Day, L)
    2022 Q4
    102.00
  • Production minus Consumption (BPD, R)
    0.00
Source
Feedback
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發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save US Crude Oil Futures Net Position by Large Investors

Oil Commercial Hedgers are usually companies who purchase, produce or sell crude oil so they are closer to the operations of the oil market.

Non-commercial Large Speculators are not part of the oil industry.

* Updates every Friday

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Latest Stats
  • US Crude Oil Futures Commercial Net Position (L)
    2021 W37
    -397,188.00
  • US Crude Oil Futures Speculator Net Position (R)
    2021 W37
    355,064.00
Source
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save Commodity CRB Index

Commodity Research Bureau Index (CRB Index) is composed of 19 categories of raw material.

Energy (39%): crude oil, natural gas, gasoline, and heating oil
Soft commodity (21%): sugar, cotton, coffee, cocoa and oj
Metal (20%): gold, silver, copper, aluminum, and nickel
Produce (13%): soybean, wheat, and corn
Livestock (7%): live cattle, and lean hogs

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Latest Stats
  • Commodity CRB Index
    2021-09-21
    218.32
Feedback
Related ETF
發行地 投資標的 Price 1 Month YTD Expense Ratio
SPDR-能源類股ETF[XLE] $47.35 -0.55% 24.93% 0.12%
Vanguard-能源類股ETF[VDE] $67.73 1.91% 30.60% 0.10%
SPDR-標普油氣開採與生產ETF[XOP] $84.59 10.04% 44.60% 0.35%
VanEck-Vectors石油服務ETF[OIH] $178.02 0.75% 15.60% 0.35%
iShares-美國能源ETF[IYE] $26.06 0.89% 28.75% 0.41%
#Commodities-Type: Diversified #Commodities-Type: Energy #Commodities-Type: Energy, Crude Oil #Theme: Oil & Gas

Save US BRT and WTI Spread

BRT is an indicator for the global oil market; WTI the US oil market.

West Texas light, sweet crude oil is of better quality than Brent. The two futures maintained little price difference from 1987 to 2010. The price spread later widened after the US began producing shale oil and banned oil exports. American oil market got oversupplied, plus speculation in the market, so WTI price declined.

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Latest Stats
  • NYMEX BRT Crude Oil Futures Price (L)
    2021-09-22
    75.69
  • US BRT and WTI Spread (L)
    2021-09-22
    3.94
  • NYMEX WTI Crude Oil Futures Price (R)
    2021-09-22
    71.45
Source
Feedback

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