Prices Drop Due To Crude Oil Inventory Build
[contextly_auto_sidebar] US crude oil stocks increased by 5.7 MMBbl. Gasoline and distillate inventories decreased 3.0 MMBbl and 1.0 MMBbl, respectively. Yesterday afternoon, API reported a crude oil build of 0.6 MMBbl alongside gasoline and distillate builds of 1.6 MMBbl and 1.9 MMBbl, respectively. Analysts were expecting a crude oil build of 0.7 MMBbl. Total petroleum […]
Four Crude Forecasts That Caught Our Attention at the Energy Trading Risk Summit
The global crude market is due to turn back toward oversupply in 2020. What does this mean for WTI prices and rising U.S. crude exports? At the inaugural Alpha Insight Energy Trading Risk Summit in Houston last week, we took the audience through four important implications that the coming supply surplus will mean for crude […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – October 28, 2019
[contextly_auto_sidebar] CRUDE OIL U.S. crude oil inventories decreased by 1.7 MMBbl last week, according to the weekly EIA report. Gasoline and distillate inventories decreased 3.1 MMBbl and 2.7 MMBbl, respectively. Total petroleum inventories posted a substantial decline of 9.0 MMBbl. U.S. crude oil production was unchanged from the previous week, per the EIA, while crude […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – October 21, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories posted a substantial increase of 9.3 MMBbl last week, according to the weekly EIA report. Gasoline and distillate inventories decreased 2.6 MMBbl and 3.8 MMBbl, respectively. Total petroleum inventories decreased 1.6 MMBbl. US crude oil production was unchanged from the previous week, per EIA, while crude oil imports […]
Large Crude Oil Build Pressure Prices
[contextly_auto_sidebar] US crude oil stocks increased by 9.3 MMBbl. Gasoline and distillate inventories decreased 2.6 MMBbl and 3.8 MMBbl, respectively. Yesterday afternoon, API reported a crude oil build of 10.5 MMBbl alongside a gasoline draw of 0.93 MMBbl and a distillate draw of 2.9 MMBbl. Analysts were expecting a crude oil build of 4.0 MMBbl. […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – October 14, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories posted an increase of 2.9 MMBbl last week, according to the weekly EIA report. Gasoline and distillate inventories decreased 1.2 MMBbl and 3.9 MMBbl, respectively. Total petroleum inventories decreased 8.3 MMBbl. US crude oil production increased 200 MBbl/d, per EIA, while crude oil imports were down 0.67 MMBbl/d, […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – October 7, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories posted an increase of 3.1 MMBbl last week, according to the weekly EIA report. Gasoline and distillate inventories decreased 0.2 MMBbl and 2.4 MMBbl, respectively. Total petroleum inventories decreased 0.9 MMBbl. US crude oil production decreased 100 MBbl/d, per EIA, while crude oil imports were down 0.9 MMBbl/d, […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – September 30, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories posted an increase of 2.4 MMBbl last week, according to the weekly EIA report. Gasoline inventories increased 0.5 MMBbl, while distillate inventories decreased 3.0 MMBbl. Total petroleum inventories increased 0.7 MMBbl. US crude oil production increased 100 MBbl/d, per EIA, while crude oil imports were down 0.7 MMBbl/d […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – September 23, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories posted an increase of 1.1 MMBbl last week, according to the weekly EIA report. Gasoline and distillate inventories increased 0.8 MMBbl and 0.4 MMBbl, respectively. Total petroleum inventories increased 0.9 MMBbl. US crude oil production was flat week over week, per EIA, while crude oil imports were up […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – September 16, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories posted a decrease of 6.9 MMBbl last week, according to the weekly EIA report. Gasoline inventories decreased 0.7 MMBbl, while distillate inventories increased 2.7 MMBbl/d. Total petroleum inventories posted a decline of 3.1 MMBbl. US crude oil production was flat week over week per EIA, while crude oil […]