Archive for the ‘oil fundamentals’ Category

EIA analysis: a big jump in crude oil stocks

Crude oil stocks in the US had been declining for several weeks, but they’re turned around significantly. This week’s Energy Information Administration report showed a significant build. You can read our analysis here. 

EIA’s monthly oil report for January: record crude oil exports

Some highlights from this month’s Energy Information Analysis oil report, covering data in January.

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An SPR bazooka and the central bank of oil

In a perfect world of crude pricing, there would exist a mechanism to soak up excess length when prices were low, and add length into the market when prices were high.

In the world of money, this is called a central bank, with a dual mandate of keeping inflation low and employment as full as possible. There is no central bank for crude oil. But if there were, its dual mandate would be a price floor for producers and a price ceiling for consumers. Read the rest of this entry »

EIA analysis: Gulf Coast crude oil stocks hit record high

U.S. Gulf Coast crude oil stocks hit record highs during the week ended March 21st, reaching 200.3 million barrels, as growing pipeline capacity from Cushing, Oklahoma, sent barrels southward, according to data released Wednesday by the US Energy Information Administration (EIA). Read the full Platts analysis here.

EIA analysis: Crude oil stocks jump more than expected

US crude oil stocks rose a greater-than-expected 5.9 million barrels the week ended March 14 as refiners continued to ease back run rates due to seasonal maintenance, according to data released Wednesday by the US Energy Information Administration. Read our analysis here.

New York, Bakken and crude oil by rail: where is the love?

The crude-by-rail industry is not feeling so much of the “love” in New York’s “I Love New York” slogan these days.

Governor Cuomo has put a target on the backs of those moving Bakken oil in particular, which some recent tests have shown has the volatility of gasoline. That spells trouble for the crude, more of which is moving through the New York capital of Albany by rail and then barged down the Hudson River to East Coast refiners. It is access to more domestic crudes that has kept those plants open after pricey imports almost shuttered them a few years ago.

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IEA notes big jump in global oil supply in February

The oil market is no stranger to conflicting price signals, and the current period of relatively calm prices is a case in point.

The ongoing standoff between Russia and the West has so far caused only a relatively small, and short-lived rise in crude prices, despite the huge importance of oil trade between Russia and Europe, in particular.

If you want to know why the reaction was not bigger, you might want to take a look at the latest monthly report from the International Energy Agency, which has some very interesting data in it.

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EIA analysis: Crude oil stocks surge

US crude oil stocks surged 6.2 million barrels the week ended March 7 on a cut in US refinery utilization rates and an increase in oil imports, according to data released Wednesday by the US Energy Information Administration. You can read our analysis here.

US net imports down, exports soar; just another day at the office

A few eye-popping numbers were in the EIA monthly report on US oil use in December. It shows the shale gale in full bloom.

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EIA analysis: a minor bump-up in US crude oil stocks

Crude stocks in the US rose last week, but not by much. You can read our analysis here.