It was one of those weeks that sometimes vexes analyst: a relatively big build in crude oil inventories reported by the Energy Information Administration, but a lot of it coming on the US West Coast. As our weekly analysis explains here, traders tend to dismiss those figures.
Archive for the ‘Platts analysis’ Category
By News Desk | November 26, 2014 03:17 PM Comments (0)
By News Desk | November 26, 2014 09:08 AM Comments (0)
By Stuart Elliott | November 14, 2014 09:55 AM Comments (4)
The 30% fall in oil prices since mid-June continues to dominate the oil market headlines, and anyone hoping for a swift recovery in prices could well be disappointed — especially if the most recent forecasts from the International Energy Agency are anything to go by.
The west’s energy watchdog said on Friday that global oil prices could continue to fall into 2015 despite the expectation that some unconventional oil production could become uneconomic at prices under $80/b.
By News Desk | November 13, 2014 04:18 PM Comments (0)
The US Energy Information Administration’s petroleum data was delayed this week due to the US Veterans Day holiday earlier in the week. Commercial crude oil stocks fell 1.7 million barrels to 378.5 million barrels during the reporting week that ended Friday, and it was the second reporting week in a row in which crude runs increased, following a seasonal pattern.
Read more about the numbers and their significance in the Platts analysis from Geoffrey Craig, which can be found here.
By News Desk | November 11, 2014 11:42 AM Comments (0)
Platts completed its monthly survey of OPEC output in the last day or so, and then Libya decided to make all numbers from just a few days ago seem out-of-date.
By News Desk | November 5, 2014 03:48 PM Comments (0)
After some wild swings in recent weeks, the latest EIA oil inventory report was relatively subdued. You can read our analysis of it here.
By Christine Forster | November 4, 2014 12:01 AM Comments (0)
It seems there might still be some twists and turns in the long saga of InterOil’s Papua New Guinea LNG project, with analysts speculating that arbitration proceedings launched by Oil Search are ultimately aimed at replacing joint venture partner Total with ExxonMobil.
Oil Search clearly sees itself as the key player in the Pacific nation’s emerging gas sector, by virtue of its 29% stake in the new ExxonMobil-led PNG LNG facility near Port Moresby and its significant equity position in the InterOil project. Oil Search, with its strong operating history at PNG oil and gas fields, also enjoys a good relationship with the PNG government, one of its major shareholders.
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.