China committed to buy an additional $52.4 billion in U.S. energy over the next two years under a Phase 1 trade deal signed Jan. 15. While the agreement suggests the end of a trade war that lasted more than a year, many analysts are skeptical whether China could meet that commitment. China bought $9.1 billion […]

Austin, Texas and Midland, Texas (January 21, 2019) – Enverus, the leading energy SaaS and data analytics company, and Concho Resources (NYSE: CXO) today announced they will bring to market a new product, Audit Analytics, which enables energy companies to reduce costs by identifying erroneous overbilling in high volume shale operations. Audit Analytics builds on […]

IN BRIEF Retail giant Amazon has announced the Amazon Wind Farm Texas, a massive farm housing more than 100 turbines that will add 1 million megawatt hours (MWh) of clean energy to the local grid. It is the company’s 18th renewable energy project in the U.S., with 35 more in the planning stages. On Thursday, […]

US crude oil stocks posted an increase of 3.5 MMBbl. Gasoline inventories increased 1.2 MMBbl and distillate inventories decreased 1.3 MMBbl. Yesterday afternoon, API reported a crude oil build of 4.3 MMBbl alongside a gasoline build of 3.3 MMBbl and a distillate draw of 0.14 MMBbl. Analysts were expecting a smaller crude oil build of […]

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 production […]

US crude oil stocks posted a decrease of 0.4 MMBbl. Gasoline inventories increased 1.7 MMBbl and distillate inventories decreased 1.2 MMBbl. Yesterday afternoon, API reported a crude oil build of 1.6 MMBbl alongside gasoline and distillate builds of 4.5 MMBbl and 3.5 MMBbl, respectively. Analysts, to the contrary, were expecting a crude oil draw of […]

Natural gas storage inventories decreased 92 Bcf for the week ending January 17, according to the EIA’s weekly report. This was slightly larger than the expected draw of 91 Bcf. Working gas storage inventories now sit at 2.947 Tcf, which is 554 Bcf above inventories from the same time last year and 251 Bcf above […]

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 […]