Hopes of a coordinated cut from OPEC continue to spur WTI prices Prices for U.S. crude oil benchmark WTI were up over 12% at 1:20 p.m. EST today on continued hopes that OPEC would cut production in order to bolster prices. WTI approached 12-year lows yesterday as the global supply cut persisted, until news that OPEC was ready to consider
February 3, 2016 CRUDE OIL INVENTORY/’000 bbls (Week Ended 1/29/16) Current: 502,712 Actual Build/(Withdrawal): 7,792 Economist Average Estimate: 3,745 Previous: 494,920 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *Oil: The 30-Year Anniversary of the 1986 Collapse – Oil & Gas 360® The 1980s were a mixed up decade. Killer British-driven rock music and
January 27, 2016 CRUDE OIL INVENTORY/’000 bbls (Week Ended 1/22/16) Current: 494,920 Actual Build/(Withdrawal): 8,383 Economist Average Estimate: 4,270 Previous: 486,537 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *Bam! It’s Earnings Season Again – Q4’15 Estimates – Oil & Gas 360® EnerCom, Inc. compiled fourth quarter earnings per share, revenue, EBITDA and cash
January 21, 2016 CRUDE OIL INVENTORY/’000 bbls (Week Ended 1/15/16) Current: 486,537 Actual Build/(Withdrawal): 3,979 Economist Average Estimate: 2,678 Previous: 482,558 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *$20 Oil Not New to Some Producers – Oil & Gas 360® Oil and gas prices for the U.S. crude benchmark WTI, and international crude benchmark
January 13, 2016 CRUDE OIL INVENTORY/’000 bbls (Week Ended 1/8/16) Current: 482,558 Actual Build/(Withdrawal): 234 Economist Average Estimate: 2,025 Previous: 482,324 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *Whiting Petroleum’s Geoscientists are Helping Build a Smarter Oil Company: a Look Behind the Scenes at the Bakken-Three Forks Oil Play – Oil & Gas 360®
January 6, 2016 CRUDE OIL INVENTORY/’000 bbls (Week Ended 1/1/16) Current: 482,324 Actual Build/(Withdrawal): (5,085) Economist Average Estimate: 654 Previous: 487,409 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *We’re Still Importing Crude Oil from OPEC. Why? – Oil & Gas 360® It’s Thursday morning, December 31, 2015. I’m not going to sugar coat it
December 30, 2015 CRUDE OIL INVENTORY/’000 bbls (Week Ended 12/25/15) Current: 487,409 Actual Build/(Withdrawal): 2,629 Economist Average Estimate: (1,766) Previous: 484,780 Click here for the chart with five year averages. Source: Department of Energy (DOE), Bloomberg, and Wells Fargo Securities, LLC CRUDE OIL IN THE MEDIA *Energy Market Upside: Callon Petroleum Bumps Footprint, Liquidity; Targets Self-Funded Growth – Oil & Gas
December 23, 2015 CRUDE OIL INVENTORY/’000 bbls (Week Ended 12/18/15) Current: 484,780 Actual Build/(Withdrawal): (5,877) Economist Average Estimate: 1,363 Previous: 490,657 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *Why are You Drilling? – Oil & Gas 360® Does the term “bearish” even begin to describe commodity prices anymore? Oil prices are generating most of
December 16, 2015 CRUDE OIL INVENTORY/’000 bbls (Week Ended 12/11/15) Current: 490,657 Actual Build/(Withdrawal): 4,801 Economist Average Estimate: (600) Previous: 485,856 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *OPEC Oil Production hits Three Year High – 31.695 MMBOPD – Oil & Gas 360® In the group’s monthly release out today, OPEC reported that the
December 9, 2015 CRUDE OIL INVENTORY/’000 bbls (Week Ended 12/4/15) Current: 485,856 Actual Build/(Withdrawal): (3,568) Economist Average Estimate: 730 Previous: 489,424 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *Average Monthly WTI Price is the Lowest Since June 2004 – Oil & Gas 360® “Production from the North Slope of Alaska and the North Sea
Senate vote remains The Republican-controlled U.S. House of Representatives approved a bill set to boost U.S. energy production, lift the four-decade ban on crude oil exports and modernize the electric grid. The House passed the bill 249-174 despite threats from the White House to veto the bill. In addition to allowing U.S. companies to export their crude oil, the bill
December 2, 2015 CRUDE OIL INVENTORY/’000 bbls (Week Ended 11/27/15) Current: 489,424 Actual Build/(Withdrawal): 1,177 Economist Average Estimate: (679) Previous: 488,247 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *Rig Counts Fall by Double Digits for the Second Week – Oil & Gas 360® Baker Hughes Industries (ticker: BHI) released its weekly rig counts two
