The most eye-popping number in this week’s Energy Information Administration stock report was the large decline in distillate stocks. You can see our analysis of the numbers here.
Archive for the ‘oil fundamentals’ Category
By News Desk | October 29, 2014 05:31 PM Comments (0)
By News Desk | October 22, 2014 03:29 PM Comments (0)
The weekly data from the Energy Information Administration showed a significant build in crude oil stocks. Our analysis of those numbers is here.
By Matt Kohlman | October 21, 2014 11:41 AM Comments (0)
I flew two different airlines last week. Both were packed.
Despite Ebola fears. Despite high ticket prices. Despite a slowing global economy. Despite high jet fuel prices.
Wait. Scratch that last one.
Spot market jet fuel prices have plunged as much as 50 cents below the 2014 average.
By News Desk | October 16, 2014 04:11 PM Comments (0)
By Stuart Elliott | October 14, 2014 10:30 AM Comments (1)
With crude prices at near four-year lows, the last thing the world’s key oil producers want to hear is that demand growth is set to weaken yet further.
But that was the message from the International Energy Agency in its latest monthly oil market report published today.
By John Kingston | October 13, 2014 10:24 AM Comments (3)
Phil Verleger has a long memory.
Phil is a veteran energy economist, and he and I have been emailing each other over the course of the last week, recalling the oil price collapse of the mid 1980’s. As he noted, there are a dwindling number of of people still in the industry who remember that. But I had just joined Platts when the great collapse of 1985-1986 took place. On April 1, 1986, WTI plunged to less than $10 and no, it wasn’t an April Fool’s joke. (It remains the only day in the history of the WTI contract, launched in 1983, that the price ever “printed” a number less than double digits. It has never settled at less than $10.)
In his latest weekly report, Phil recalls that fall, as well as the collapse of 1998-1999. While WTI prices didn’t drop below the $10 level in the late 90’s, the levels of that period, after adjusting for inflation, were the lowest in history.
By Robert Perkins | October 13, 2014 04:45 AM Comments (0)
By News Desk | October 1, 2014 05:36 PM Comments (0)
US crude oil, gasoline and distillate inventories fell across the board last week. Run rates last week fell to lows not seen since the beginning of the summer.
By Matt Kohlman | September 30, 2014 11:37 AM Comments (1)
New York jet fuel prices spiked from mid-July through August, and new data gives more insight why. Blame Canada.
Canada may be sending everything from comedians and crude into the US. But in July, it took in a good bit of US jet fuel, mostly out of New York.