Thursday, July 24, 2025

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 16% below the 490,623 MBBL that was in storage at this point last year, and is 2% below the five-year

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 18% below the 495,350 MBBL that was in storage at this point last year, and is 4% below the five-year

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 17% below the 502,914 MBBL that was in storage at this point last year, and is 2% below the five-year

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 18% below the 509,213 MBBL that was in storage at this point last year, and is 3% below the five-year

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 16% below the 509,095 MBBL that was in storage at this point last year, and is 1% below the five-year

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 15% below the 511,546 MBBL that was in storage at this point last year, and is marginally below the five-year

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 15% below the 513,207 MBBL that was in storage at this point last year, and is marginally above the five-year

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 15% below the 509,912 MBBL that was in storage at this point last year, and is marginally below the five-year

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% below the 516,340 MBBL that was in storage at this point last year, and is marginally below the five-year average.

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 17% below the 520,772 MBBL that was in storage at this point last year, and is 2% below the five-year

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 quarter. “We saw consistent well performance during the quarter, with the average well producing approximately 1,200 barrels of oil per

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 17% below the 522,525 MBBL that was in storage at this point last year, and is 2% below the five-year