Weekly Crude Oil Storage as of October 25, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.5 million barrels from the previous week. At 425.5 million barrels, U.S. crude oil inventories are 4% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
(World Oil) – U.S. natural gas production from shale and tight formations, which accounts for 79% of dry natural gas production, decreased slightly in the first nine months of 2024 compared with the same period in 2023, according to a report by the U.S. Energy Information Administration (EIA). If this trend holds for the remainder of 2024, it would mark
Natural Gas Inventories as of October 18, 2024 The EIA has released its natural gas inventory report, showing a net increase of 80 Bcf as of October 18, 2024. Working gas in storage was 3,785 Bcf as of Friday, October 18, 2024, according to EIA estimates. This represents a net increase of 80 Bcf from the previous week. Stocks were
Weekly Crude Oil Storage as of October 18, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.5 million barrels from the previous week. At 426.0 million barrels, U.S. crude oil inventories are 4% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
Natural Gas Inventories as of October 11, 2024 The EIA has released its natural gas inventory report, showing a net increase of 76 Bcf as of October 11, 2024. Working gas in storage was 3,705 Bcf as of Friday, October 11, 2024, according to EIA estimates. This represents a net increase of 76 Bcf from the previous week. Stocks were
(Oil Price) – Exxon Mobil Corp. (NYSE:XOM) was up slightly in Thursday’s trading session after analysts at BNP Paribas Exane downgraded its shares to Underperform from Neutral with a $105 price target, good for 14% downside from the current price. The downgrade marks the first Sell equivalent rating XOM has received in more than a year, with analysts predicting a further decline in crude
Yahoo Finance NEW YORK – Oil prices fell about 2% on Tuesday on worries that slower economic growth in the U.S. and China could reduce demand for energy, especially after prices surged over 7% during the prior three days. Brent futures fell $1.31, or 1.6%, to $80.12 a barrel by 11:27 a.m. EDT (1527 GMT). U.S. West Texas Intermediate (WTI)
CNBC Oil prices ticked higher on Wednesday on upbeat global demand views from the U.S. Energy Information Administration and OPEC. Brent crude futures rose 11 cents, or 0.1%, to $82.04 a barrel at 0016 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 18 cents, or 0.2%, to settle at $78.10. The EIA raised its 2024 world oil demand growth
Natural Gas Inventories as of August 2, 2024 The EIA has released its natural gas inventory report, showing a net increase of 21 Bcf as of August 2, 2024. Working gas in storage was 3,270 Bcf as of Friday, August 9, 2024, according to EIA estimates. This represents a net increase of 21 Bcf from the previous week. Stocks were
Weekly Crude Oil Storage as of August 2, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.7 million barrels from the previous week. At 429.3 million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
Natural Gas Inventories as of July 26, 2024 The EIA has released its natural gas inventory report, showing a net increase of 18 Bcf as of July 26, 2024. Working gas in storage was 3,249 Bcf as of Friday, July 26, 2024, according to EIA estimates. This represents a net increase of 18 Bcf from the previous week. Stocks were
Weekly Crude Oil Storage as of July 26, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.4 million barrels from the previous week. At 433.0 million barrels, U.S. crude oil inventories are 4% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
