Post Tagged with: "EIA"

Weekly Gas Storage: Inventories increase by 56 Bcf

Weekly Gas Storage: Inventories increase by 56 Bcf

Natural Gas Inventories as of July 3, 2020

The EIA has released its natural gas inventory report, showing a net increase of 56 Bcf as of July 3, 2020.

Working gas in storage was 3,133 Bcf as of Friday, July …

EIA forecasts global stock draws through 2021

EIA forecasts global stock draws through 2021

EIA


The disruptions to global petroleum supply and consumption as a result of the 2019 novel coronavirus disease (COVID-19) and associated mitigation efforts have been significant. As road and air travel fell sharply when economies around the world went into …

Source: Reuters

U.S. crude oil inventories increase by 5.7 million barrels

Weekly Crude Oil Storage as of July 3, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.7 million barrels from the previous week. At 539.2 million barrels, U.S. crude oil …

Weekly Gas Storage: Inventories increase by 65 Bcf

Weekly Gas Storage: Inventories increase by 65 Bcf

Natural Gas Inventories as of June 26, 2020

The EIA has released its natural gas inventory report, showing a net increase of 65 Bcf as of June 26, 2020.

Working gas in storage was 3,077 Bcf as of Friday, June …

Source: Reuters

U.S. crude oil inventories decrease by 7.2 million barrels

Weekly Crude Oil Storage as of June 26, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 7.2 million barrels from the previous week. At 533.5 million barrels, U.S. crude oil …

Weekly Gas Storage: Inventories increase by 120 Bcf

Weekly Gas Storage: Inventories increase by 120 Bcf

Natural Gas Inventories as of June 19, 2020

The EIA has released its natural gas inventory report, showing a net increase of 120 Bcf as of June 19, 2020.

Working gas in storage was 3,012 Bcf as of Friday, June …

Source: Reuters

U.S. crude oil inventories increase by 1.4 million barrels

Weekly Crude Oil Storage as of June 19, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.4 million barrels from the previous week. At 540.7 million barrels, U.S. crude oil …

Weekly Gas Storage: Inventories increase 85 Bcf

Weekly Gas Storage: Inventories increase 85 Bcf

Natural Gas Inventories as of June 12, 2020

The EIA has released its natural gas inventory report, showing a net increase of 85 Bcf as of June 12, 2020.

Working gas in storage was 2,892 Bcf as of Friday, June …

Source: Reuters

U.S. crude oil inventories increase by 1.2 million barrels

Weekly Crude Oil Storage as of June 12, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.2 million barrels from the previous week. At 539.3 million barrels, U.S. crude oil …

Weekly Gas Storage: Inventories increase 93 Bcf

Weekly Gas Storage: Inventories increase 93 Bcf

Natural Gas Inventories as of June 5, 2020

The EIA has released its natural gas inventory report, showing a net increase of 93 Bcf as of June 5, 2020.

Working gas in storage was 2,807 Bcf as of Friday, June …

Source: Reuters

U.S. crude oil inventories increase by 5.7 million barrels

Weekly Crude Oil Storage as of June 5, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.7 million barrels from the previous week. At 538.1 million barrels, U.S. crude oil …

Weekly Gas Storage: Inventories increase 102 Bcf

Weekly Gas Storage: Inventories increase 102 Bcf

Natural Gas Inventories as of May 29, 2020

The EIA has released its natural gas inventory report, showing a net increase of 102 Bcf as of May 29, 2020.

Working gas in storage was 2,714 Bcf as of Friday, May …

Source: Reuters

U.S. crude oil inventories decrease by 2.1 million barrels

Weekly Crude Oil Storage as of May 29, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.1 million barrels from the previous week. At 532.3 million barrels, U.S. crude oil …

Source: CNBC

Oil jumps nearly 90% in May to $35, registering best month on record

CNBC


Oil jumped more than 5% on Friday, the last trading day of the month, capping off its best month in history as an uptick in demand as well as record supply cuts pushed prices higher. West Texas Intermediate,

Source: Reuters

U.S. crude oil inventories increase by 7.9 million barrels

Weekly Crude Oil Storage as of May 22, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 7.9 million barrels from the previous week. At 534.4 million barrels, U.S. crude oil …

Weekly Gas Storage: Inventories increase 109 Bcf

Weekly Gas Storage: Inventories increase 109 Bcf

Natural Gas Inventories as of May 22, 2020

The EIA has released its natural gas inventory report, showing a net increase of 109 Bcf as of May 22, 2020.

Working gas in storage was 2,612 Bcf as of Friday, May …

Weekly Gas Storage: Inventories increase 81 Bcf

Weekly Gas Storage: Inventories increase 81 Bcf

Natural Gas Inventories as of May 15, 2020

The EIA has released its natural gas inventory report, showing a net increase of 81 Bcf as of May 15, 2020.

Working gas in storage was 2,503 Bcf as of Friday, May …

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 …

Source; Reuters

Oil up on lower U.S. stocks, firmer demand

Reuters


LONDON – Oil prices firmed on Wednesday on signs of improving demand and a drawdown in U.S. crude inventories, but worries over the economic fallout from the coronavirus pandemic and weak refining margins capped gains.

Brent crude futures LCoc1 …

Weekly Gas Storage: Inventories increase by 103 Bcf

Weekly Gas Storage: Inventories increase by 103 Bcf

Natural Gas Inventories as of May 8, 2020

The EIA has released its natural gas inventory report, showing a net increase of 103 Bcf as of May 8, 2020.

Working gas in storage was 2,422 Bcf as of Friday, May …

EIA raises crude oil price outlook slightly as announced supply cuts lead to high inventory draws in 2021

EIA raises crude oil price outlook slightly as announced supply cuts lead to high inventory draws in 2021

EIA


In its May Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) expects Brent crude oil prices will average $34 per barrel (b) in 2020 and $48/b in 2021. Although market outlooks are subject to many risks, the …

Source: Reuters

Oil holds near $30, caught between demand loss and supply cuts

Reuters


LONDON – Oil prices edged higher on Wednesday, reversing earlier losses, and Brent held near $30 a barrel as potential OPEC+ plans to deepen supply cuts were tempered by demand concerns exacerbated by a possible second wave of coronavirus …

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 …

EIA: Short-Term Energy Outlook

EIA: Short-Term Energy Outlook

EIA


Forecast Highlights

 

Global liquid fuels

  • Although all market outlooks are subject to many risks, the May edition of EIA’s Short-Term Energy Outlook remains subject to heightened levels of uncertainty because the effects on energy markets of mitigation efforts
Source: CNBC

Oil drops 2%, snapping five-day winning streak in volatile trading session

CNBC


Oil prices dropped on Wednesday, snapping a five-session winning streak, as oversupply concerns outweighed optimism over economies reopening.

West Texas Intermediate, the U.S. benchmark, shed 2.3%, or 57 cents, to settle at $23.99 per barrel. In a volatile …

Source: CNBC

Oil prices rise, on pace for more than 30% gain this week

CNBC


Oil jumped more on Thursday and was on track for its second best week in history as a number of bullish factors supported prices, including U.S. companies cutting production, Saudi Arabia raising its official oil selling price and gasoline …

Weekly Gas Storage: Inventories increase by 109 Bcf

Weekly Gas Storage: Inventories increase by 109 Bcf

Natural Gas Inventories as of May 1, 2020

The EIA has released its natural gas inventory report, showing a net increase of 109 Bcf as of May 1, 2020.

Working gas in storage was 2,319 Bcf as of Friday, May …

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 …

Source: CNBC

Oil jumps 18% in fifth day of gains on demand recovery and production cuts

CNBC


Oil prices surged on Tuesday as optimism around ongoing production cuts and a recovery in demand with the reopening of economies around the world pushed prices higher.

West Texas Intermediate, the U.S. benchmark, jumped 18.2%, or $3.72, to …

Source: Reuters

Oil rises further above $26 as OPEC+ begins record cuts

Reuters


LONDON – Oil rose further above $26 a barrel on Friday as OPEC and its allies embarked on record output cuts to tackle a supply glut due to the coronavirus crisis that has been weighing on the market.

The …