Post Tagged with: "Crude oil inventories"

Source: Houston Chronicle

Crude inventories plunge as U.S. emerges as net petroleum exporter

Houston Chronicle


The nation’s stockpiles of commercial crude oil plunged by nearly 5 million barrels last week as the United States continues to emerge as a net petroleum exporter at the end of 2019.

The U.S. is churning out record-high …

Source: Houston Chronicle

Oil steadies on signs of trade-talks progress, stockpile drop

Houston Chronicle


Oil steadied on signs of progress in trade talks between the U.S. and China, and estimates that American crude inventories retreated for the first time in five weeks.

Futures traded little changed near $58 a barrel in New …

Source: Reuters

OPEC sees smaller 2020 oil surplus ahead of policy meeting

Reuters:


OPEC said on Thursday it expected demand for its oil to fall in 2020 as rivals pumped more despite a smaller surplus of crude in the global market, building a case for the group to maintain supply curbs when …

Source: Houston Chronicle

Oil rises on signs of U.S. supply drop, OPEC’s shale outlook

Houston Chronicle


Oil rose for a second day after an industry report pointed to a drop in U.S. inventories, and as OPEC said it sees potential for a “sharp” slowdown in American shale output next year.

Futures added 1.1% in …

Source: Reuters

Oil steadies after Trump dashes hopes on trade deal details

Source: Reuters


NEW YORK (Reuters) – Oil prices ended Tuesday little changed after paring gains of about 1% following a speech from U.S. President Donald Trump that offered few new details about Washington’s trade talks with Beijing.

Concerns about slower …

November 12, 2019 - 3:30 pm Closing Bell Story‎, Oil and Gas 360 Articles
Oil Slumps 7% as Trump Announces Additional Tariffs on Chinese Imports

Oil Slumps 7% as Trump Announces Additional Tariffs on Chinese Imports

From Reuters


Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept. 1.

The drop …

World’s Oil Supply “Might be Stretched to the Limit” Due to Production Losses: IEA

World’s Oil Supply “Might be Stretched to the Limit” Due to Production Losses: IEA

From Reuters

Oil prices steadied on Thursday after sharp losses the previous session as the International Energy Agency (IEA) said the world’s oil supply cushion “might be stretched to the limit” due to production losses.

Benchmark Brent crude oil LCOc1 …

Crude Oil Sees Inventory Draw, but in all the Wrong Places

Crude Oil Sees Inventory Draw, but in all the Wrong Places

Crude oil inventory draw beats expectations at 2.7 MMBO

Crude oil inventories shrank for the fourth week in a row, according to information released from the Energy Information Administration. The total amount of crude in storage declined 2.6 MMBO, 1.2 …

Creole Spirt, Teekay Tanker Suezmax Tanker, Source: Teekay

Floating Storage Declining, but U.S. Stockpiles Expected to Grow

Non-Iranian floating storage down to an estimated 10 MMBO

Backwardation in the physical oil market is helping to draw down the number of barrels waiting in floating storage, according to a report from CNBC. An estimated 75-80 MMBO of …

Oil Prices Hold Steady, Despite 4.9 MMBO Inventory Build

Oil Prices Hold Steady, Despite 4.9 MMBO Inventory Build

Crude oil inventory build offset by refined product draw, supporting prices above $50 per barrel

Both Brent and WTI crude prices are up after falling earlier in the day on expectations of a 3 MMBO crude oil build. The build …

U.S. Propane Inventories Reach All-Time High

U.S. Propane Inventories Reach All-Time High

Seasonal builds began six weeks early in 2015

EIA Propane Inventories

U.S. inventories of propane and propylene reached 97.7 million barrels as of September 11, the highest level in the 22 years that the Energy Information Administration (EIA) has collected weekly propane inventory …

September 21, 2015 - 5:02 pm Chart of Week, Oil and Gas 360 Articles