Post Tagged with: "Crude Oil Inventory"

Alberta Crude Inventories Rise Despite Production Curtailments

Alberta Crude Inventories Rise Despite Production Curtailments

From Reuters

The amount of oil in storage in Alberta rose in February, monthly data shows, despite moves by the government of Canada’s largest crude-producing province to reduce inventories by imposing curtailments on production.

The reason is a sharp decline …

April 2, 2019 - 3:53 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
Non-OPEC Supply Growth will Hold Down Prices: EIA, IEA

Non-OPEC Supply Growth will Hold Down Prices: EIA, IEA

International oil prices are contingent upon both the worldwide growth in oil production and the worldwide growth in oil inventories. Understanding the balance of these movements, and interpreting those movement is undertaken by the Energy Information Agency (EIA) and the …

Source: Sweetcrudereport.com

Surprise Crude Draws Continue, Reversing Oil Losses

Oil bounces back after official data shows yet another crude inventory draw

Oil prices came back from a nearly 2% decline Wednesday morning following news from the Energy Information Administration that U.S. crude oil inventories fell last week. The oil …

Crude Oil Inventory

Crude Oil Inventory

April 20, 2016
CRUDE OIL INVENTORY ‘000 bbls (Week Ended 4/15/16)

Current: 538,611
Actual Build/(Withdrawal): 2,080
Economist Average Estimate: 2,295
Previous: 536,531

 

Oil & Gas 360

Oil & Gas 360

Oil & Gas 360


Analyst Commentary on Today’s Build

Crude Inventory WoW Build Below Expectations on Lower Imports and Higher Refinery

April 20, 2016 - 2:42 pm Analytics, Closing Bell Story‎, Feature Stories
WTI Slips to 2.5 Month Low as Oil Inventories Climb for Seventh Straight Week

WTI Slips to 2.5 Month Low as Oil Inventories Climb for Seventh Straight Week

$40 Oil Prices Coming into View Once Again

An inventory build of 4.2 million barrels (MMBO) pushed down the price of West Texas Intermediate (WTI) by nearly 3% in Thursday trading, increasing the United States’ crude stockpile to more than …

Chart of the Week: Crude Oil Inventories Steadily Retreating

Chart of the Week: Crude Oil Inventories Steadily Retreating

UntitledBut oil trades lower

Crude oil inventories dropped for the eighth straight week in the Energy Information Administration’s Weekly Petroleum Status Report for the week ended June 19, 2015.

Inventories peaked at 490,912 MBO in the last week of April, …

Crude Oil Inventories See Largest Draw in 11 Months

Crude Oil Inventories See Largest Draw in 11 Months

Six Straight Weeks of Decline

The Department of Energy reported a draw of (6,812) MBO from United States crude oil inventories for the week ended June 5, 2015, marking the largest draw of the year and the most since the …

June 10, 2015 - 6:49 pm Commodity Pricing, Oil and Gas 360 Articles
Cushing Inventory Still has Room, for Now

Cushing Inventory Still has Room, for Now

Oil inventories are at an all-time high at the Cushing delivery point in Oklahoma. Fortunately, working storage capacity is also at its highest on record, but the available space is filling up fast.

In the Energy Information Administration’s (EIA) Today

Chart of the Week: When will the Crude Oil Builds Stop?

Chart of the Week: When will the Crude Oil Builds Stop?

Inventories at 88% of working capacity

Production may be slowing in the United States, but the builds to crude oil inventories are not. The Department of Energy (DOE) reported gains for the tenth straight time in its Weekly Petroleum Status …

Crude Oil Cuttings for the Week Ended March 13, 2015

Crude Oil Cuttings for the Week Ended March 13, 2015

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 3/13/15)

Current: 458,508

Actual Build/(Withdrawal): 9,622

Economist Average Estimate: 4,111

Previous: 448,886

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports.


Important disclosures: The …

March 18, 2015 - 1:12 pm Oil and Gas 360 Articles
Crude Oil Cuttings for the Week Ended March 6, 2015

Crude Oil Cuttings for the Week Ended March 6, 2015

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 3/6/15)

Current: 448,886

Actual Build/(Withdrawal): 4,512

Economist Average Estimate: 4,595

Previous: 444,374

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports.


ANALYST COMMENTARY

KLR

March 11, 2015 - 5:51 pm Oil and Gas 360 Articles
Crude Oil Cuttings for the Week Ended February 27, 2015

Crude Oil Cuttings for the Week Ended February 27, 2015

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 2/27/15)

Current: 444,374

Actual Build/(Withdrawal): 10,303

Economist Average Estimate: 3,888

Previous: 434,071

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports.


ANALYST COMMENTARY

KLR

March 4, 2015 - 6:25 pm Oil and Gas 360 Articles
Chart of the Week: How much Storage Capacity do we have left?

Chart of the Week: How much Storage Capacity do we have left?

The Energy Information Administration (EIA) reported yet another monster build to crude inventories for the week ended February 27, 2015. The latest Weekly Petroleum Status Report added 10.3 million barrels to inventories that are already believed to be the highest …

March 4, 2015 - 6:11 pm Chart of Week, Oil and Gas 360 Articles
What is Fueling the Crude Oil Inventory Rally?

What is Fueling the Crude Oil Inventory Rally?

crude_oil_inventory022015Crude oil inventories rose yet again in the Energy Information Administration’s (EIA) report for the week ended February 20, 2015, setting another record high. For those keeping track, the inventory has climbed by more than 60 million barrels since its …

Crude Oil Cuttings for the Week Ended February 13, 2015

Crude Oil Cuttings for the Week Ended February 13, 2015

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 2/13/15)

Current: 425,644

Actual Build/(Withdrawal): 7,716

Economist Average Estimate: 3,050

Previous: 417,928

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports.

Important disclosures: The …

February 19, 2015 - 6:49 pm Commodity Pricing, Oil and Gas 360 Articles
Crude Oil Cuttings for the Week Ended February 6, 2015

Crude Oil Cuttings for the Week Ended February 6, 2015

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 2/6/15)

Current: 417,928

Actual Build/(Withdrawal): 4,868

Economist Average Estimate: 3,613

Previous: 413,060

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports.


ANALYST COMMENTARY

BMO

February 11, 2015 - 6:22 pm Commodity Pricing, Oil and Gas 360 Articles
Crude Oil Cuttings for the Week Ended January 30, 2015

Crude Oil Cuttings for the Week Ended January 30, 2015

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 1/30/15)

Current: 413,060

Actual Build/(Withdrawal): 6,333

Economist Average Estimate: 3,940

Previous: 406,727

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports.


ANALYST COMMENTARY

KLR

February 4, 2015 - 6:21 pm Oil and Gas 360 Articles
Crude Oil Cuttings for the Week Ended January 23, 2015

Crude Oil Cuttings for the Week Ended January 23, 2015

CRUDE OIL INVENTORY/’000 bbls (Week Ended 1/23/15)

crude_oil_cuttingsCurrent: 406,727

Actual Build/(Withdrawal): 8,874

Economist Average Estimate: 4,000

Previous: 397,853

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports.


ANALYST COMMENTARY

Raymond

January 28, 2015 - 5:37 pm Commodity Pricing, Oil and Gas 360 Articles
Chart of the Week: Crude Inventories Highest on Record

Chart of the Week: Crude Inventories Highest on Record

The rig count is dropping, but crude inventories continue to grow. In fact, EnerCom’s Crude Oil Cuttings inventory report is at risk of expanding the maximum range of barrels, a move we’ve never been prompted to make.

The Energy Information …

January 28, 2015 - 1:44 pm Chart of Week, Oil and Gas 360 Articles
Crude Oil Cuttings for the Week Ended January 16, 2015

Crude Oil Cuttings for the Week Ended January 16, 2015

CRUDE OIL INVENTORY/’000 bbls (Week Ended 1/16/15)crude_oil_cuttings

Current: 397,853

Actual Build/(Withdrawal): 10,071

Economist Average Estimate: 2,670

Previous: 387,782

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports.


ANALYST COMMENTARY

KLR

January 22, 2015 - 5:47 pm Oil and Gas 360 Articles
Source: EnerCom's Crude Oil Cuttings

Chart of the Week: Crude Inventories at All-Time January High

The crude oil inventory build for the week ended January 16, 2015, was far above the predictions of any industry analyst. In fact, the build is the largest since May 31, 1996, when the Energy Information Administration reported a build …

January 22, 2015 - 3:33 pm Chart of Week, Oil and Gas 360 Articles
Crude Oil Cuttings for the Week Ended January 9, 2015

Crude Oil Cuttings for the Week Ended January 9, 2015

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 1/9/15)

Current: 387,782

Actual Build/(Withdrawal): 5,389

Economist Average Estimate: 1,750

Previous: 382,393

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports.


ANALYST COMMENTARY

KLR

January 14, 2015 - 6:27 pm Commodity Pricing, Oil and Gas 360 Articles
Crude Oil Cuttings for the Week Ended January 2, 2015

Crude Oil Cuttings for the Week Ended January 2, 2015

crude_oil_cuttings

CRUDE OIL INVENTORY/’000 bbls (Week Ended 1/2/15)

Current: 382,393
Actual Build/(Withdrawal): (3,062)
Economist Average Estimate: 911
Previous: 385,455

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports.


ANALYST COMMENTARY

CIBC …

January 7, 2015 - 6:10 pm Oil and Gas 360 Articles
Crude Oil Cuttings for the Week Ended December 26, 2014

Crude Oil Cuttings for the Week Ended December 26, 2014

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 12/26/14)

Current: 385,455

Actual Build/(Withdrawal): (1,754)

Economist Average Estimate: 133

Previous: 387,209

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports


Important disclosures: The …

December 31, 2014 - 5:29 pm Commodity Pricing, Oil and Gas 360 Articles
Crude Oil Cuttings for the Week Ended December 12, 2014

Crude Oil Cuttings for the Week Ended December 12, 2014

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 12/12/14)

Current: 379,942
Actual Build/(Withdrawal): (847)
Economist Average Estimate: (2,213)
Previous: 380,789

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports


ANALYST COMMENTARY

**All notes …

December 17, 2014 - 4:26 pm Oil and Gas 360 Articles
Crude Oil Inventories See Largest Draw since January 2014

Crude Oil Inventories See Largest Draw since January 2014

The Energy Information Administration reported a draw of 7.525 million barrels in crude oil inventories in its Weekly Petroleum Status Report for the period ended July 11, 2014. The drop is the largest since a January 11, 2014 draw of …

July 16, 2014 - 4:45 pm Offshore, Oil and Gas 360 Articles

Geopolitical Issues Push WTI/Brent Differential to $23

CRUDE OIL INVENTORY/’000 bbls (Week Ended 10/5/12)

Current: 366,370
Actual Build/(Withdrawal): 1,672
Economist Average Estimate: 773
Previous: 364,698

Click here for the chart with five year averages.

CRUDE OIL IN THE MEDIA

*Continental Resources says Oklahoma discovery may add 1.8