The Week Ahead For Crude Oil, Gas and NGLs Markets – November 18, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories increased by 2.2 MMBbl last week, according to the weekly EIA report. Gasoline inventories increased 1.9 MMBbl while distillate inventories decreased 2.5 MMBbl. Total petroleum inventories posted a decrease of 5.9 MMBbl. US crude oil production increased 200 MBbl/d from the previous week, per EIA, while crude oil […]
Crude Inventory Build Keeps the Pressure on Prices
[contextly_auto_sidebar] US crude oil stocks increased by 2.2 MMBbl. Gasoline inventories increased 1.9 MMBbl while distillate inventories decreased 2.5 MMBbl. Yesterday afternoon, API reported a crude oil draw of 0.5 MMBbl alongside gasoline and distillate builds of 2.3 MMBbl and 0.8 MMBbl, respectively. Analysts, to the contrary, were expecting a crude oil build of 1.6 […]
Single-Digit Gas Injection Reported, Draws on the Way
[contextly_auto_sidebar] Natural gas storage inventories increased 3 Bcf for the week ending November 8, according to the EIA’s weekly report. This is slightly higher than the market expectation, which was a flat storage report. Working gas storage inventories now sit at 3.732 Tcf, which is 491 Bcf above inventories from the same time last year […]
Pacific Northwest Refiners Face Crude Sourcing Setback in 2020
IMO 2020 rules restricting sulfur content in marine fuels will force refiners to find new sources of crude With the International Maritime Organization’s (IMO) restrictions on marine fuels with sulfur content greater than 0.5% coming into effect in January, refiners around the world should be well on their way toward adjusting their operations to mitigate […]
All in the Family
With public and private upstream operators looking at alt funding to continue growth of operations, private equity-backed companies are also taking alternative approaches to their business. After the downturn of 2016, private equity jumped into the oil patch to the tune of more than $100 billion and counting. Some of the most active quarters over […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – November 11, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories increased by 7.9 MMBbl last week, according to the weekly EIA report. Gasoline and distillate inventories decreased 2.8 MMBbl and 0.6 MMBbl, respectively. Total petroleum inventories posted an increase of 3.9 MMBbl, generated primarily by the crude build. US crude oil production was unchanged from the previous week, […]
Injection Lower Than Market Expectation, Prices Rise
[contextly_auto_sidebar] Natural gas storage inventories increased 34 Bcf for the week ending November 1, according to the EIA’s weekly report. This is lower than the market expectation, which was an injection of 43 Bcf. Working gas storage inventories now sit at 3.729 Tcf, which is 530 Bcf above inventories from the same time last year […]
The Rise of Alt Lending
According to a recent study by The Economist, more than 44% of home mortgages in 2018 originated from non-bank lenders, compared to just 9% in 2009. It seems everywhere you look alt lenders will loan money at lower interest rates and in quicker time than a traditional bank. While banks have layers of bureaucracy to […]
Bearish Inventory Report Keeps the Pressure on Prices
[contextly_auto_sidebar] US crude oil stocks increased by 7.9 MMBbl. Gasoline and distillate inventories decreased 2.8 MMBbl and 0.6 MMBbl, respectively. Yesterday afternoon, API reported a crude oil build of 4.26 MMBbl alongside gasoline and distillate draws of 4.0 MMBbl and 1.6 MMBbl, respectively. Analysts were expecting a crude oil build of 1.5 MMBbl. Total petroleum […]
Wildcatter Fever … Sort Of
[one_half_last]Every once in a great while I have the luxury of scanning activity across the U.S. to find permitting or development I find interesting. Below is a map of the 32,705 permits filed in the lower 48 in the last 12 months. The permits in green caught my attention. NEVADA I’ve always had a lot […]