The draw in crude oil stocks reported by the Energy Information Administration wasn’t of the size that the American Petroleum Institute shocked the market with a day earlier, but it was large nonetheless. You can see our analysis of it here.
Archive for the ‘Platts analysis’ Category
By News Desk | December 4, 2013 02:38 PM Comments (0)
By Joshua Brown | November 27, 2013 12:01 AM Comments (0)
Two new arbitrages have opened in the last month for two vastly different crude markets, both created by the abundant supply coming out of North America’s ever-growing production and low seasonal demand.
Indian Oil Corp. bought a cargo of White Rose crude oil on November 21, marking the first time the state-owned company reached out to the Canadian East Coast for crude supply.
By News Desk | November 26, 2013 10:10 PM Comments (0)
By News Desk | November 20, 2013 03:30 PM Comments (0)
By Bridget Hunsucker | November 20, 2013 12:01 AM Comments (0)
The Louisiana Light Sweet prompt crude price has disconnected from its traditional price spread relationships as a light sweet crude wave invades the US Gulf Coast.
Traditionally, the price of coastal-based benchmark LLS was connected more to the price of imported crudes, and therefore, the price of Brent. And up until lately, LLS traded mostly at a premium.
But this relationship has changed dramatically.
By News Desk | November 14, 2013 02:28 PM Comments (0)
By News Desk | November 12, 2013 04:16 PM Comments (0)
By News Desk | November 6, 2013 04:09 PM Comments (0)
US refined product inventories sank 8.7 million barrels the week ending November 1 as demand for gasoline and distillates jumped, data released by the US Energy Information Administration showed today. The data appeared bullish for NYMEX RBOB futures, as the most significant draw in gasoline stocks was on the US Atlantic Coast — home of the New York delivery point for RBOB. You can read out analysis here.
By News Desk | October 30, 2013 01:19 PM Comments (0)
By News Desk | October 23, 2013 01:42 PM Comments (0)