Don’t Get Left in the Cold, Use Enverus Trading & Risk’s PRT Solutions to Find Money-Making Opportunities
Long-term weather forecasts can hold invaluable guidance for energy traders and analysts, particularly as the hot summer days turn cooler in the fall. Or rather, when they are supposed to turn cooler. This time of year in regions throughout the Northern Hemisphere, it’s not unusual to experience temperatures that are warmer than in August. If […]
EIA Reports 9th Injection of 100+ Bcf for the Year
[contextly_auto_sidebar] Natural gas storage inventories increased 112 Bcf for the week ending September 27, according to the EIA’s weekly report. This is higher than the market expectation, which was an injection of 110 Bcf. Working gas storage inventories now sit at 3.317 Tcf, which is 465 Bcf above inventories from the same time last year […]
Weakness in Prices Continued With the Bearish Inventory Report
[contextly_auto_sidebar] US crude oil stocks increased by 3.1 MMBbl. Gasoline and distillate inventories decreased 0.2 MMBbl and 2.4 MMBbl, respectively. Yesterday afternoon, API reported a crude oil draw of 5.9 MMBbl, alongside a gasoline build of 2.1 MMBbl and a distillate draw of 1.7 MMBbl. Analysts, to the contrary, were expecting a crude oil build […]
Injection Tops Market Expectations, Gulf Coast Express Starts Service
[contextly_auto_sidebar] Injection Tops Market Expectations, Gulf Coast Express Starts Service Natural gas storage inventories increased 102 Bcf for the week ending September 20, according to the EIA’s weekly report. This is higher than the market expectation, which was an injection of 92 Bcf. Working gas storage inventories now sit at 3.205 Tcf, which is 444 […]
Inventory Build Pressure Prices Further
[contextly_auto_sidebar] US crude oil stocks increased by 2.4 MMBbl. Gasoline inventories increased 0.5 MMBbl and distillate inventories decreased 3.0 MMBbl. Yesterday afternoon, API reported a crude oil build of 1.4 MMBbl, alongside a gasoline build of 1.9 MMBbl and a distillate draw of 2.2 MMBbl. Analysts, to the contrary, were expecting a crude oil draw […]
Injection Above Market Expectation Causes Price Drop
[contextly_auto_sidebar] Natural gas storage inventories increased 84 Bcf for the week ending September 13, according to the EIA’s weekly report. This is higher than the market expectation, which was an injection of 81 Bcf. Working gas storage inventories now sit at 3.103 Tcf, which is 393 Bcf above inventories from the same time last year […]
The Price Decline Continued on Hopes that Saudi Arabian Production Would Be Restored By The End Of The Month
[contextly_auto_sidebar] Despite the 0.6 MMBbl draw in Cushing versus the prior reported week, total US crude oil stocks increased by 1.1 MMBbl. Gasoline and distillate inventories increased 0.8 MMBbl and 0.4 MMBbl, respectively. Yesterday afternoon, API reported a crude oil build of 0.6 MMBbl, alongside gasoline and distillate builds of 1.6 MMBbl and 2.0 MMBbl, […]
An Unprecedented Attack on Saudi Oil Infrastructure
[contextly_auto_sidebar] Roughly 5.7 MMbbl/d, more than half of Saudi Arabian crude production, was knocked offline early Saturday morning in a surprise drone attack coordinated by Houthi rebels in Yemen. The attack damaged two major facilities: the Hijra Khurais oil field (one of the country’s largest) and Abqaiq (the world’s biggest crude stabilization and processing facility). […]
Gas Inventories Exceed 3Tcf, Injection Misses Low
[contextly_auto_sidebar] Natural gas storage inventories increased 78 Bcf for the week ending September 6, according to the EIA’s weekly report. This is lower than the market expectation, which was an injection of 82 Bcf. Working gas storage inventories now sit at 3.019 Tcf, which is 393 Bcf above inventories from the same time last year […]
Prices Slip Despite the Withdrawal in Crude and Petroleum Stocks
[contextly_auto_sidebar] US crude oil stocks posted a decrease of 6.9 MMBbl from last week. Gasoline inventories decreased 0.7 MMBbl and distillate inventories increased 2.7 MMBbl. Yesterday afternoon, API reported a large crude oil draw of 7.2 MMBbl, alongside a gasoline draw of 4.5 MMBbl and a distillate build of 0.6 MMBbl. Analysts were expecting a […]