Post Tagged with: "Inventories"

Oil & Gas 360 Energy News

Natural Gas Prices Up after Smaller than Expected Inventory Build

U.S. natural gas inventories show 15 Bcf build

U.S. natural gas inventories saw a smaller than expected build today, according to information from the Department of Energy. The DOE reported natural gas inventories for the week ended March 18, 2016, …

March 24, 2016 - 4:11 pm Closing Bell Story‎, Oil and Gas 360 Articles
Oil Prices Down on 9.4 MMBO Inventory Build

Oil Prices Down on 9.4 MMBO Inventory Build

Crude oil inventory build more than three times larger than expected

Oil prices took a fall today following news from the Department of Energy that crude oil storage saw a much larger than expected build this week. The DOE reported …

March 23, 2016 - 1:59 pm Closing Bell Story‎, Oil and Gas 360 Articles
Oil Prices Fluctuating After 10.4 Million Barrel U.S. Storage Build

Oil Prices Fluctuating After 10.4 Million Barrel U.S. Storage Build

“The market’s not shocked anymore”

The price of both U.S. and international crude oil benchmarks has been fluctuating this morning following news from the Energy Information Administration that crude stockpiles grew by more than 10 million barrels last week. The …

OECD Commercial Stocks See First Draw in Seven Months

OECD Commercial Stocks See First Draw in Seven Months

Draw on commercial stocks in October is not the start of a trend, but fears of reaching capacity are overstated: IEA

The Organization of Economic Cooperation and Development saw commercial stocks of crude oil draw down for the first time …

A rig site in North Dakota

Oil Rigs Continue Six-Week Slide

Rig count hits five-year low

The U.S. rig count continued to slide further even as WTI prices staged a comeback, climbing near $50 per barrel. The total rig count in the U.S. fell 14 rigs this week to 795 total …

Oil Prices up Nearly 6% – Finally

Prices jump over $2.50 on inventory drop

Oil prices today closed at $47.13, up $2.54, or 5.7% higher than where they started the day. The spike in prices is a bit of welcome news for the industry, which has been …

September 16, 2015 - 6:31 pm Commodity Pricing, Oil and Gas 360 Articles
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, …

Oil Prices Break $60

Oil Prices Break $60

WTI continues climb

West Texas Intermediate’s slow climb from lows of $43.46 in March reached a 2015 milestone today. The U.S. crude benchmark gained more than 3% on May 5, taking WTI over the $60 per barrel mark for the …

May 5, 2015 - 6:30 pm Oil and Gas 360 Articles
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
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 …

Natural Gas Inventory Exceeds Five-Year Average for First Time since 2013: EIA

Natural Gas Inventory Exceeds Five-Year Average for First Time since 2013: EIA

Working natural gas storage has surpassed five-year average levels for the first time in more than a year, reports the Energy Information Administration (EIA). At 2,157 Bcf as of February 13, stocks are 58 Bcf greater than the five-year average.…

February 20, 2015 - 2:07 pm Oil and Gas 360 Articles