The Week Ahead For Crude Oil, Gas and NGLs Markets – February 3, 2020
[contextly_auto_sidebar] CRUDE OIL Crude oil futures continued their downward slide last week, with March WTI opening last Monday at $53.70/bbl and settling Friday at $52.92/bbl. Front month WTI opened lower this morning at $51.01/bbl. Coronavirus concerns continue to dominate the headlines and market participants are bracing for a sharp slowdown in refined product demand as […]
Texas Fractionation Shortage to Feel Some Relief During Q1
NGL pipeline construction to the Texas Gulf Coast has moved faster than fractionation projects, causing frac capacity to run short for much of 2018 and 2019, according to Enverus’ FundamentalEdge report for January. However, though more pipelines are coming this quarter, the extended capacity crunch will begin to lift. Oneok and Energy Transfer will put […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – January 27, 2020
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories decreased by a modest 0.4 MMbbl the week that ended Jan. 17, according to last week’s report from the US Energy Information Administration. Gasoline inventories increased by 1.7 MMbbl and distillate inventories decreased by 1.2 MMbbl. Total petroleum inventories posted an increase of 1.9 MMbbl. US crude oil […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – January 20, 2020
[contextly_auto_sidebar] CRUDE OIL US crude inventories declined by 2.5 MMbbl the week that ended Jan. 10, according to last week’s report from the US Energy Information Administration. Gasoline and distillate stocks increased by 6.7 MMbbl and 8.2 MMbbl, respectively, resulting in a very large increase of 14.5 MMbbl for total petroleum inventories. Inventory builds across […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – January 13, 2020
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories increased 1.2 MMbbl the week that ended Jan. 3, according to last week’s report from the US Energy Information Administration. Gasoline inventories increased 9.1 MMbbl while distillate inventories increased by 5.3 MMbbl. Total petroleum inventories posted a very large increase of 14.8 MMbbl. US crude oil production was […]
PADD 1 After the PES Fire: A Look Back at the Past Six Months
[contextly_auto_sidebar] On June 21, 2019, a massive fire and explosion ripped through the Girard Point section of the Philadelphia Energy Solutions (PES) refinery, destroying the largest alkylation unit on the East Coast. Unable to recover from such a devastating blow, cash-strapped PES made the fateful decision to permanently close the refinery. In doing so, PADD […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – January 6, 2020
[contextly_auto_sidebar] CRUDE US crude oil inventories decreased by a massive 11.5 MMbbl the week that ended Dec. 27, according to last week’s report from the US Energy Information Administration. Gasoline inventories increased 3.2 MMbbl while distillate inventories increased by 8.8 MMbbl. The large crude draw was driven by record weekly exports of 4.672 MMbbl/d, as […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – Dec 30, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories decreased by 5.5 MMbbl according to last week’s report from the US Energy Information Administration. Gasoline inventories increased 2.0 MMbbl while distillate inventories decreased 0.2 MMbbl. Total petroleum inventories posted a substantial decrease of 10.2 MMbbl. US crude oil production increased 100,000 bbl/d on the week, while crude […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – 12/23/2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories decreased by 1.1 MMbbl the week that ended Dec. 13, according to last week’s report from the US Energy Information Administration. Gasoline inventories increased 2.5 MMbbl while distillate inventories increased 1.5 MMbbl. Total petroleum inventories posted a decrease of 0.9 MMbbl. US crude oil production was flat on […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – December 16, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories increased by 0.8 MMbbl the week that ended Dec. 6, according to last week’s report from the US Energy Information Administration. Gasoline inventories increased 5.4 MMbbl while distillate inventories were up 4.1 MMbbl. Total petroleum inventories posted a significant gain of 17.2 MMbbl. US crude oil production was […]