Post Tagged with: "inventory"
Oil Dives Nearly 5% to Seven-Month Low on Surprise U.S. Stock Build, Trade War
From Reuters
Oil prices tumbled more than 4.5% on Wednesday to a seven-month low, extending recent heavy losses following a surprise build in U.S. crude stockpiles and fears that demand will shrink due to Washington’s escalating trade war with Beijing.…
Oil Jumps Up Near $60 on Biggest U.S. Stockpile Drop Since 2016
From Bloomgerg
Inventories declined 12.8 million barrels last week, EIA says
Oil rose near $60 a barrel for the first time this month as a huge drop in U.S. crude inventories bolstered the outlook for demand.
Futures in New York …
World’s Crude Stockpiles Will Increase in 2018: Morningstar
U.S., Libya and Nigeria will drive up global supply
From Morningstar
Crude fundamentals look healthier than they’ve been for years, largely due to voluntary curtailments from OPEC and its partners. By giving up 1.8 million barrels per day (mmb/d), combined, …
Surprise Crude Build Pressures Oil Prices
Oil prices dropped more than a dollar as soon as the DOE announced a surprise inventory build today.
That was the first weekly build in crude stockpiles in five weeks. Analysts were expecting U.S. crude inventories to fall by 2.5 …
Oil Price Falls Hard on Inventory Report
Oil started the day on a slight upswing, but following today’s Petroleum Weekly Status Report issued by the EIA, the price began to plummet, ending the day down 4.76%. Initial reports coming last night from the American Petroleum institute (API) …
Oil Continues Rally
WTI oil price continued its hot streak today finishing the day up 1.82% at $48.59 per barrel. Uncontrolled forest fires in Canada have suppressed the supply of oil coming from that market, more than one million barrels have yet to …
Oil Prices Down on Saudi Production Record, Huge Inventory Build
OPEC’s largest producer hit a 12-year production record last month
Saudi Arabia increased oil production to 10.3 MMBOPD in March, setting a 12-year high for production in the country. Saudi Oil Minister Ali al-Naimi said the Kingdom will continue producing …
Prices Jump as Production Slows – IEA
In its monthly Oil Market Report, the IEA reported slowing production and signs of increased demand in the future
Brent crude oil rose more than $2 to reach a high of $50.36 yesterday on news from the International Energy Agency …
Natural Gas Roundup for the Week Ended December 26, 2014
NATURAL GAS INVENTORY (Week Ended 12/26/14)
Current: 3,220 Bcf
Actual Injection/(Withdrawal): (26) Bcf
Economist Average Estimate: (35) Bcf
Previous: 3,246 Bcf
Natural Gas Roundup for the Week Ended December 12, 2014
NATURAL GAS INVENTORY (Week Ended 12/05/14)
Actual Injection/(Withdrawal): (64) Bcf
Economist Average Estimate: (61) Bcf
Previous: 3,359 Bcf
Click here for the chart with five year averages.
Click here for an archive of EnerCom’s Inventory Reports
ANALYST …
Natural Gas Price Forecast: Is the Crude Oil Swoon a Sign of Things to Come?
The drop in crude oil prices is well documented, but will natural gas follow suit with winter approaching?
The West Texas Intermediate spot prices closed at a two year low of $80.52 yesterday, down a total of $19.90 in the …
Natural Gas Revisited: What will Storage Builds do for Spot Prices?
The Energy Information Administration reported a build of 79 Bcf for the week ended August 29, 2014, in its latest Weekly Storage Report. The new inventory total of 2,709 Bcf is 471 Bcf less than 2013 and 495 Bcf …
Natural Gas Inventory to Recover with Cooler Summer: Weather Services International
Weather Services International (WSI), a division of Weather Central, expects natural gas inventory numbers to largely recover in the coming months due to below-average temperatures in the “northern and central Rockies eastward across the Great Lakes and Ohio Valley regions,” …
Natural Gas Prices Sink to Lowest Levels in Months—What’s Next?
Prices for natural gas fell to a near six-month low early this week following forecasts for lower summer temperatures. On July 9, contracts for August gas traded as low as at $4.17 per thousand cubic feet (Mcf) on the New …
Crude Oil Cuttings (Week Ended 7/5/13)
Crude Oil Inventory/’000 BBLS
Current: 373,918
Actual Build/(Withdrawal): (9,874)
Economist Average Estimate: (3,114)
Previous: 383,792
Click here for the chart with five year averages.
CRUDE OIL IN THE MEDIA
*Fracking Firms Face New Crop of Competitors – WSJ
So many …
Crude Oil Cuttings (Week Ended 4/26/13)
CRUDE OIL INVENTORY/’000 bbls (Week Ended 4/3/13)
Current: 395,284
Actual Build/(Withdrawal): 6,696
Economist Average Estimate: 1,018
Previous: 388,588
Click here for the chart with five year averages.
CRUDE OIL IN THE MEDIA
*Bakken, Three Forks Has More Oil Than 2008 …
Natural Gas Roundup (Week Ended 4/19/13)
NATURAL GAS INVENTORY
Current: 1,734 Bcf
Actual Injection/(Withdrawal): 30 Bcf
Economist Average Estimate: 32 Bcf
Previous: 1,704 Bcf
Click here for the chart with five year averages.
NATURAL GAS IN THE MEDIA
*Pressure Mounts on US to Export Natural Gas …
Crude Oil Cuttings (Week Ended 4/12/13)
CRUDE OIL INVENTORY/’000 bbls
Current: 387,641
Actual Build/(Withdrawal): (1,233)
Economist Average Estimate: 1,082
Previous: 388,874
Click here for the chart with five year averages.
IN CASE YOU MISSED IT
*VIDEO: U.S. Need for Oil Is `Shrinking,’ Petrie Says – Bloomberg…
Natural Gas Roundup (DOE Inventory Update)
NATURAL GAS INVENTORY (Week Ended 4/5/13)
Current: 1,673 Bcf
Actual Injection/(Withdrawal): (14) Bcf
Economist Average Estimate: (16) Bcf
Previous: 1,687 Bcf
Click here for the chart with five year averages.
NATURAL GAS IN THE MEDIA
*Fracking Doesn’t Cause Significant Earthquakes, …
It’s a Big Gas World!
NATURAL GAS INVENTORY (Week Ended 10/5/12)
Current: 3,725 Bcf
Actual Injection/(Withdrawal): 72 Bcf
Economist Average Estimate: 79 Bcf
Previous: 3,653 Bcf
Click here for the chart with five year averages.
NATURAL GAS IN THE MEDIA
*Houston firm drilling exploratory well …
Make No Debate: The U.S. Kicks Gas
Every Thursday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the natural gas spectrum. The theme for this week: Make No Debate: The U.S. Kicks Gas.
NATURAL GAS INVENTORY (Week Ended 9/28/12)
Current: …
Oil Prices Falling Below $90
CRUDE OIL INVENTORY/’000 bbls (Week Ended 9/28/12)
Current: 364,698
Actual Build/(Withdrawal): (482)
Economist Average Estimate: 1,486
Previous: 365,180
Click here for the chart with five year averages.
CRUDE OIL IN THE MEDIA
*Presidential debate could shed light on energy issues …
Demand Forces: Coal to Gas Switching, and LNG Export Plans
Every Thursday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the natural gas spectrum. The theme for this week: Demand Forces: Coal to Gas Switching, and LNG Export Plans.
NATURAL GAS INVENTORY (Week …
Brent and WTI – Which Way are They Headed?
Every Wednesday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the crude oil spectrum. The theme for this week: Brent and WTI – Which Way are They Headed?
CRUDE OIL INVENTORY/’000 bbls (Week …
Natural Gas and the Political Season
Every Thursday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the natural gas spectrum. The theme for this week: Natural Gas and the Political Season.
NATURAL GAS INVENTORY (Week Ended 9/14/12)
Current: 3,496 …
Look Out Below! Crude Oil Plunges
Every Wednesday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the crude oil spectrum. The theme for this week: Look Out Below! Crude Oil Plunges.
CRUDE OIL INVENTORY/000 bbls (Week Ended 9/14/12)
Current: …
Oil – The Global Commodity
Oil – The Global Commodity
Every Wednesday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the crude oil spectrum. The theme for this week: Oil – The Global Commodity.
CRUDE OIL INVENTORY/000 BBLs …