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.
Archive for the ‘oil fundamentals’ Category
By John Kingston | March 1, 2014 10:10 AM Comments (2)
By News Desk | February 26, 2014 03:54 PM Comments (0)
Crude stocks in the US rose last week, but not by much. You can read our analysis here.
By News Desk | February 20, 2014 02:15 PM Comments (0)
By News Desk | February 12, 2014 04:20 PM Comments (0)
By News Desk | February 5, 2014 04:47 PM Comments (0)
US distillate stocks fell 2.4 million barrels last week, led by a plunge in inventories along the Atlantic Coast, as frigid temperatures hit the Northeast. The draw put total distillate stocks at 113.8 million barrels for the reporting week ended January 31, raising the deficit to the EIA five-year average to 23.2%. You can see our analysis here.
By James Bambino | January 31, 2014 02:44 PM Comments (0)
The recent polar vortices sweeping down from Canada have frozen much of the US to its core over the past month, driving home heating costs through the (drafty) roof, across the Midwest, Northeast and now the Southeast.
But the bugbear behind the dangerously tight natural gas market may come as a surprise to many. Sure, we’re exporting more NGLs and the frigid temperatures are eating away at stocks. That is free markets and good old fashioned supply and demand fundamentals at work, right?
By John Kingston | January 30, 2014 04:25 PM Comments (2)
Pulling some numbers out of the rabbit hat that is the monthly EIA report:
By News Desk | January 29, 2014 05:21 PM Comments (0)
US commercial crude oil stocks jumped 6.4 million barrels, data released Thursday by the US Energy Information Administration showed. The surge in stocks comes despite ramped-up run rates as units came back online after an intense period of cold weather that caused US refiners to shutter some units. You can see our analysis here.
By News Desk | January 27, 2014 07:19 AM Comments (0)
By News Desk | January 23, 2014 05:50 PM Comments (0)
A rise in US crude oil imports and a sharp drop in domestic refinery utilization rates led to a build in US commercial crude oil stocks, data released Thursday by the US Energy Information Administration showed. US refiners pulled back run rates to 86.5% of capacity, which could be due in part to the start of a refinery maintenance period. You can see our analysis here.