Inventories

Stockpiles of U.S. Crude Mount; IEA Says Global Oil Demand Recovery Gradual Through 2023

Stockpiles of U.S. Crude Mount; IEA Says Global Oil Demand Recovery Gradual Through 2023

U.S. oil inventories increased for a third-consecutive week as demand for travel fuels remained light and as refinery activity, while increasing, held far below capacity following the blast of winter weather that froze the Texas energy grid in February. Domestic commercial crude inventories for the week ended March 12 — excluding those in the Strategic…

March 17, 2021
U.S. Petroleum Stocks Rise as Weekly Demand Falls, EIA Says

U.S. Petroleum Stocks Rise as Weekly Demand Falls, EIA Says

Total domestic petroleum stockpiles increased in the final week of January while demand declined amid lighter needs for transportation fuels, the U.S. Energy Information Administration’s (EIA) Weekly Petroleum Status Report (WPSR) showed. Demand has proven choppy week/week over the last several months, but it has consistently been well below year-earlier, pre-coronavirus levels because of travel…

February 3, 2021
EIA Reports Increase in U.S. Crude Inventories, Decline in Exports

EIA Reports Increase in U.S. Crude Inventories, Decline in Exports

Commercial crude oil inventories in the United States increased by 4.4 million bbl during the week ending Jan. 15 amid an uptick in net imports, according to data published Friday by the Energy Information Administration (EIA). Crude inventories excluding the Strategic Petroleum Reserve increased to 486.6 million bbl for the period, about 9% above the…

January 22, 2021
U.S. Petroleum Inventories Drop as Producers Hold Line on Output, EIA Says

U.S. Petroleum Inventories Drop as Producers Hold Line on Output, EIA Says

U.S. petroleum inventories declined during the week ended Jan. 8, the U.S. Energy Information Administration (EIA) said Wednesday, as overall demand increased and production held steady. EIA said in its Weekly Petroleum Status Report that total U.S. commercial petroleum inventories decreased by 9.4 million bbl in the week ended Jan. 8. Crude oil inventories —…

January 13, 2021
Oil Market Seen Swinging from Oversupply to Deficit in 2021 on Vaccine Rollout, Boosting WTI Price

Oil Market Seen Swinging from Oversupply to Deficit in 2021 on Vaccine Rollout, Boosting WTI Price

The new year could see the global oil market swing from its current state of oversupply to some of the highest monthly supply deficits in years as the rollout of Covid-19 vaccines propels a recovery in demand, according to experts. Raymond James & Associates Inc. analysts said Monday they expect “hefty” crude oil inventory draws…

January 4, 2021
EIA Nudges 2018 Henry Hub NatGas Price Forecast Higher: $3.12/MMBtu

EIA Nudges 2018 Henry Hub NatGas Price Forecast Higher: $3.12/MMBtu

Growing natural gas exports and domestic gas consumption will help push Henry Hub prices to an average $3.13/MMBtu this month and $3.12/MMBtu in 2018, according to the Energy Information Administration (EIA).

December 12, 2017
‘Bullish Surprise’ Following Lean NatGas Storage Build

‘Bullish Surprise’ Following Lean NatGas Storage Build

August futures gained ground following a report by the Energy Information Administration (EIA) showing a natural gas storage injection that was less than what traders were expecting.

July 20, 2017
$3 Within Sight as Bulls Relish Supportive NatGas Storage Stats

$3 Within Sight as Bulls Relish Supportive NatGas Storage Stats

Natural gas futures scooted higher Thursday morning after the Energy Information Administration (EIA) reported a storage withdrawal that was greater than what the market was expecting.

March 9, 2017
Bulls Welcome Supportive EIA Natural Gas Storage Stats; March Adds 6 Cents

Bulls Welcome Supportive EIA Natural Gas Storage Stats; March Adds 6 Cents

Natural gas futures stayed within opening ranges Thursday morning after the Energy Information Administration (EIA) reported a storage withdrawal that was greater than what the market was expecting.

February 23, 2017
Tightening Market Has NatGas Bulls On Run Following Storage Data

Tightening Market Has NatGas Bulls On Run Following Storage Data

Natural gas futures traded sharply higher Thursday morning after the Energy Information Administration (EIA) reported a storage withdrawal that was greater than what traders were expecting.

January 12, 2017
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