Crude Oil Cuttings

Weekly Oil Storage: Unexpected Build

Weekly Oil Storage: Unexpected Build

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks rose by 5,836 MBBL last week to 411,084 MBBL from 405,248 MBBL. This is …

Weekly Oil Storage: Enormous Draw

Weekly Oil Storage: Enormous Draw

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks fell by 12,633 MBBL last week to 405,248 MBBL from 417,881 MBBL. This is …

Weekly Oil Storage: Moderate Build

Weekly Oil Storage: Moderate Build

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks rose by 1,245 MBBL last week to 417,881 MBBL from 416,636 MBBL. This is …

Weekly Oil Storage: Massive Draw

Weekly Oil Storage: Massive Draw

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks fell by 9,891 MBBL last week to 416,636 MBBL from 426,527 MBBL. This is …

Weekly Oil Storage: Another Large Draw

Weekly Oil Storage: Another Large Draw

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks fell by 5,914 MBBL last week to 426,527 MBBL from 432,441 MBBL. This is …

Weekly Oil Storage: Large Draw

Weekly Oil Storage: Large Draw

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks fell by 4,143 MBBL last week to 432,441 MBBL from 436,584 MBBL. This is …

Weekly Oil Storage: Another Surprise Build

Weekly Oil Storage: Another Surprise Build

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks rose by 2,072 MBBL last week to 436,584 MBBL from 434,512 MBBL. This is …

Weekly Oil Storage: Inventory Draw

Weekly Oil Storage: Inventory Draw

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks fell by 3,620 MBBL last week to 434,512 MBBL from 438,132 MBBL. This is …

Weekly Oil Storage: Large Surprise Build

Weekly Oil Storage: Large Surprise Build

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks rose by 5,778 MBBL last week to 438,132 MBBL from 432,354MBBL. This is 15% …

Weekly Oil Storage: Minor Draw

Weekly Oil Storage: Minor Draw

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks fell by 1,401 MBBL last week to 432,354 MBBL, from 433,758 MBBL. This is …

Courtesy of RSP Permian

Futures Curve with Severe Backwardation is Laughable: Papa

CDEV likes oil’s prospects and New Mexico well results

Centennial Resource Development, Inc. (ticker: CDEV) reported a net income of $66.1 million, or $0.25 per share for Q1 2018. The company’s average daily net production was 54,069 BOEPD for the …

Weekly Oil Storage: Moderate Draw

Weekly Oil Storage: Moderate Draw

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks fell by 2,197 MBBL last week to 433,758 MBBL, from 435,955 MBBL. This is …

Weekly Oil Storage: Significant Build

Weekly Oil Storage: Significant Build

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks rose by 6,218 MBBL last week to 435,955 MBBL, from 429,737 MBBL. This is …

Weekly Oil Storage: Unexpected Build

Weekly Oil Storage: Unexpected Build

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks rose by 2,170 MBBL last week to 429,737 MBBL, from 427,567 MBBL. This is …

Weekly Oil Storage: Small Draw

Weekly Oil Storage: Small Draw

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks fell by 1,071 MBBL last week to 427,567 MBBL, from 428,638 MBBL. This is …

Weekly Oil Storage: Stocks Build

Weekly Oil Storage: Stocks Build

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks rose by 3,306 MBBL last week to 428,638 MBBL, from 425,332 MBBL. This is …

Weekly Oil Storage: Draw Resumes

Weekly Oil Storage: Draw Resumes

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks fell by 4,617 MBBL last week to 425,332 MBBL, from 429,949 MBBL. This is …

Weekly Oil Storage: Minor Build

Weekly Oil Storage: Minor Build

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks rose by 1,643 MBBL last week to 429,949 MBBL, from 428,306 MBBL. This is …

Weekly Oil Storage: Below Five Year Average

Weekly Oil Storage: Below Five Year Average

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks fell by 2,622 MBBL last week to 428,306 MBBL, from 430,928 MBBL. This is …

Weekly Oil Storage: Build Accelerates

Weekly Oil Storage: Build Accelerates

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks rose by 5,022 MBBL last week to 430,928 MBBL, from 425,906 MBBL. This is …

Weekly Oil Storage: Spring Build Continues

Weekly Oil Storage: Spring Build Continues

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks rose by 2,408 MBBL last week to 425,906 MBBL, from 423,498 MBBL. This is …

Weekly Oil Storage: Spring Build Resumes

Weekly Oil Storage: Spring Build Resumes

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks rose by 3,019 MBBL last week to 423,498 MBBL, from 420,479 MBBL. This is …

Weekly Oil Storage: Build Ends

Weekly Oil Storage: Build Ends

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks fell by 1,616 MBBL last week to 420,479 MBBL, from 422,095 MBBL. This is …

Weekly Oil Storage: Build Continues

Weekly Oil Storage: Build Continues

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks rose by 1,841 MBBL last week to 422,095 MBBL, from 420,254 MBBL. This is …

Weekly Oil Storage: Small Build

Weekly Oil Storage: Small Build

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks rose by 1,895 MBBL last week to 420,254 MBBL, from 418,359 MBBL. This is …

Weekly Oil Storage: Record Draw Ends

Weekly Oil Storage: Record Draw Ends

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks fell by 6.8 MMBBL last week to 418.4 MMBBL, from 411.6 MMBBL. This is …

Weekly Oil Storage: Record Draw Continues

Weekly Oil Storage: Record Draw Continues

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks fell by 1,071 MBBL last week to 411,583 MBBL, from 412,654 MBBL. This is …

Weekly Oil Storage: Draw Beyond Expectations

Weekly Oil Storage: Draw Beyond Expectations

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks fell by 6,861 MBBL last week to 412,654 MBBL, from 419,515 MBBL. This is …

Weekly Oil Storage: Draw As Expected

Weekly Oil Storage: Draw As Expected

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks fell by 4,948 MBBL last week to 419,515 MBBL, from 424,463 MBBL. This is …

Weekly Oil Storage: Significant Draw

Weekly Oil Storage: Significant Draw

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks fell by 7,419 MBBL last week to 424,463 MBBL, from 431,882 MBBL. This is …