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 […]
Power Price Volatility to Rise in 2020 as Renewables Gain Market Share
The influence of renewable energy in power generation is rising across the U.S. Growing adoption is creating an increase in wholesale price volatility, which we expect will expand in importance with the new decade. Much of the uptick to price volatility is caused by a reduced dependence on thermal units. These units are power stations […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – December 9, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories decreased by 4.9 MMbbl the week that ended Nov. 29, according to last week’s report from the US Energy Information Administration. Gasoline inventories increased by 3.4 MMbbl and distillate inventories by 3.1 MMbbl, and total petroleum stocks were down by 4.9 MMbbl, excluding the Strategic Petroleum Reserve. US […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – December 2, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories increased by 1.6 MMBbl last week, according to the weekly EIA report. Gasoline and distillate inventories increased 5.1 MMBbl and 0.7 MMBbl, respectively. Total petroleum inventories posted a slight increase of 0.1 MMBbl. US crude oil production rose 100 MBbl/d, per EIA, while crude oil imports were up […]