Crude Oil Storage

Source: Reuters

Pandemic forces virtual safety checks for oil tankers

Reuters


LONDON – Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical visits to check for seaworthiness tougher and a slump in fuel demand increases the need for ships …

360 Digital Closing Bell 5-22-2020

360 Digital Closing Bell 5-22-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 6 min summary of the energy markets.  

 

Oil up at 33.56 and market up. 

 





Post-Crisis Recovery: Oil Supply and Demand is Moving Back Towards Equilibrium with China Leading the Way

Post-Crisis Recovery: Oil Supply and Demand is Moving Back Towards Equilibrium with China Leading the Way

Rare Petro


Oil & Gas Publishers Note: This is an outstanding case study from Kevin Olson at Rare Petro. He does a great job covering the global oil demand inflection points. 

Abstract

The dual black swan events of 2020 have …

360 Digital Closing Bell 5-21-2020

360 Digital Closing Bell 5-21-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 6 min summary of the energy markets.  

 

Oil up at 33.99 and market down. 

 





Show Notes: 


Transcript:

360 Digital Closing Bell 5-20-2020

360 Digital Closing Bell 5-20-2020

The Great Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 7 min summary of the energy markets. This is an up day in the market.

 

Rystad Energy posting that there

Source: Reuters

U.S. crude oil inventories decrease by 5.0 million barrels

Weekly Crude Oil Storage as of May 15, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.0 million barrels from the previous week. At 526.5 million barrels, U.S. crude oil …

360 Digital Closing Bell 5-19-2020

360 Digital Closing Bell 5-19-2020

The Great Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 7 min summary of the energy markets. This is an up day in the market.

 

OPEC+ and Saudi Arabia have

360 Digital Closing Bell 5-18-2020

360 Digital Closing Bell 5-18-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 7 min summary of the energy markets. This is an up day in the market.

 

Majors in Europe are spending more on

360 Digital Closing Bell 5-15-2020

360 Digital Closing Bell 5-15-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 7 min summary of the energy markets. There is a down day in the market, but we have a draw down on crude

360 Digital Closing Bell 5-14-2020

360 Digital Closing Bell 5-14-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 5 min summary of the energy markets. There is a down day in the market, but we have a draw down on crude

360 Digital Closing Bell 5-13-2020

360 Digital Closing Bell 5-13-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 5 min summary of the energy markets. There is a down day in the market, but we have a draw down on crude

Source: Reuters

U.S. crude oil inventories decrease by 0.7 million barrels

Weekly Crude Oil Storage as of May 8, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.7 million barrels from the previous week. At 531.5 million barrels, U.S. crude oil …

360 Digital Closing Bell 5-8-2020

360 Digital Closing Bell 5-8-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 5 min summary of the energy markets. The international news desk balanced power plan for South Africa with nuclear and more offshore layoffs.

360 Digital Closing Bell 5-7-2020

360 Digital Closing Bell 5-7-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 5 min summary of the energy markets. We cover the the key issues of the day. The international news desk talks about the

360 Digital Closing Bell 5-6-2020

360 Digital Closing Bell 5-6-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 5 min summary of the energy markets. We cover the the key issues of the day. The international news desk talks about Nigeria

Source: Reuters

U.S. crude oil inventories increase by 4.6 million barrels

Weekly Crude Oil Storage as of May 1, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.6 million barrels from the previous week. At 532.2 million barrels, U.S. crude oil …

Enable Midstream Announces First Quarter 2020 Financial and Operating Results

Enable Midstream Announces First Quarter 2020 Financial and Operating Results

Enable Midstream Partners, LP (NYSE: ENBL) today announced financial and operating results for first quarter 2020.

Net income attributable to limited partners was $112 million for first quarter 2020, a decrease of $10 million compared to $122 million for first …

Notice to Oil and Gas Operators: Temporary Exceptions to Certain Administrative Rules

Notice to Oil and Gas Operators: Temporary Exceptions to Certain Administrative Rules

360 Feed Wire


In its open meeting today the Railroad Commission of Texas (Commission), in recognition of the unprecedented national and global economic conditions currently impacting the oil and gas industry, took action to provide relief in the form of …

360 Digital Closing Bell 5-4-2020

360 Digital Closing Bell 5-4-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 5 min summary of the energy markets. We cover the the key issues of the day. The international news desk asks the question

Oil & gas firms grapple with huge debt burden as oil prices crash

Oil & gas firms grapple with huge debt burden as oil prices crash

This Day


Oil & Gas 360 Publishers Note: This is an excellent opinion piece, with facts and data, surrounding the oil crisis in Nigeria.  It is great to keep a global perspective on our oil & gas crisis. 

As oil …

Oil glut to halve in May and shrink to 6mbpd in June: Rystad

Oil glut to halve in May and shrink to 6mbpd in June: Rystad

Oil&Gas


Despite the improvement, the stock build will still overwhelm remaining global storage, which will fill in weeks.

The global imbalance between oil supply and demand, which has built to 26.4 million barrels per day (bpd) in April due to …

Australia’s $94m oil purchase: Deal of the century or PR stunt?

Australia’s $94m oil purchase: Deal of the century or PR stunt?

ABC News Australia


How much oil do you get for $94 million?

With the crude market in turmoil and prices at record lows, the Energy Minister Angus Taylor made his move, purchasing oil at dirt cheap prices and arranging for …

360 Digital Closing Bell 5-1-2020

360 Digital Closing Bell 5-1-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  This already shaping up to be a continued crazy week with international news and great interviews! This is the best 5 min summary for the

360 Digital Closing Bell 4-30-2020

360 Digital Closing Bell 4-30-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  This already shaping up to be a continued crazy week with international news and great interviews! This is the best 5 min summary for the

Source: Reuters

Oil prices set to cap off nightmare month with gains

Reuters


LONDON – Oil prices jumped for a second day on Thursday, lifted by signs the U.S. crude glut is not growing as quickly as expected and clawing back ground at the end of a month of tumbles wrought by …

360 Digital Closing Bell 4-29-2020

360 Digital Closing Bell 4-29-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  This already shaping up to be a wild week with interesting news and great interviews! This is the best 5 min summary for the energy

Source: Reuters

Oil prices jump after smaller than feared U.S. inventories build

Reuters


Oil prices jumped on Wednesday after U.S. stockpiles rose less than expected and gasoline stocks fell, with support also coming from hopes that demand will improve as some European countries and U.S. cities moved to ease coronavirus lockdowns.

June …

Source: Reuters

U.S. crude oil inventories increase by 9.0 million barrels

Weekly Crude Oil Storage as of April 24, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 9.0 million barrels from the previous week. At 527.6 million barrels, U.S. crude oil …

Source: CNBC

Oil prices could go negative again for reasons beyond just storage

CNBC


It’s not all about storage.

Yes, the world is watching the available amount of oil storage to try to figure out when the ‘tank tops’ and there’s simply no more space to fill with unneeded crude. There are, however, …

Source: CNBC

Oil falls back into the red in volatile session

CNBC


Oil alternated between gains and losses in a volatile trading session that at one point saw U.S. crude drop more than 20%. Traders continue to eye dwindling storage capacity worldwide, although some of the losses were offset by optimist …