The recent increase in the price of oil certainly isn’t happening because of any shortfall coming out of OPEC, at least not in February. Our monthly report on the production numbers, and our analysis, can be found here.
Archive for the ‘Platts analysis’ Category
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 10, 2014 02:38 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 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.
By Joshua Brown | January 22, 2014 12:48 AM Comments (0)
The January 22 start-up of TransCanada’s Gulf Coast Pipeline Project – originally the southern tail of the delayed Keystone XL pipeline — could not have come at a better time for the refining hub on the US Gulf Coast.
Dwindling production from Mexico and increasing domestic growth has flooded PADD III with light crudes while slowing some imports of heavy crudes, a disadvantage for the most complex refineries in the world.
Crude inputted into PADD III refineries was averaging an API gravity of 29.9 in 2013, according to the most recent data from the Energy Information Administration. That is a big difference between USGC-produced crudes such as Louisiana Light Sweet (34-41 API) and Eagle Ford (46 API).