Archive for the ‘Platts analysis’ Category

EIA analysis: strong runs lead to a drop in crude oil stocks

The weekly EIA report showed a fairly sharp decline in crude oil inventories, led in part by strong refinery operating rates. You can see our analysis here. 

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EIA analysis: US refineries crank up their runs, crude oil stocks fall

The US refinery operating rate rose more than 2 percentage points last week, which for a one-week period is a significant jump. You can read about what that meant for inventories by reading our weekly analysis here.

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IEA paints a steady picture for 2015 oil markets

The International Energy Agency on Friday gave its first taste of how oil markets might look in 2015, and on first reading it looks as though they should be pretty well supplied throughout the course of the year.

The agency’s confidence that non-OPEC supply can meet almost all of the projected growth in demand next year means that OPEC itself won’t need to produce, on average, any more than its current 30 million b/d ceiling. Read the rest of this entry »

EIA analysis: US crude stocks fall on higher refinery run rates

US crude oil stocks fell 2.4 million barrels the week ended July 4 on an uptick in refinery run rates, according to data from the Energy Information Administration. Total US refinery throughput rose above the five-year average, which added to refinery utilization rates. Read the Platts analysis  from Alison Ciaccio here.

EIA analysis: US crude oil stocks decline 3.2 million barrels

US crude oil stocks fell a larger-than-expected 3.2 million barrels the week ended June 27, as refiners increased run rates and imports declined, US Energy Information Administration (EIA) data showed Wednesday. Read the Platts analysis from Alison Ciaccio here.

Energy Economist: Why do oil and natural gas markets appear complacent?

In this month’s selection on The Barrel from Platts’ Energy Economist, Ross McCracken wonders why in the midst of so much turmoil, markets are relatively calm.

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EIA analysis: Crude stocks up despite uptick in refinery utilization rates

U.S. commercial crude oil stocks rose 1.7 million barrels the week ended June 20, boosted by a rise in imports, mainly to the U.S. Gulf Coast (USGC), U.S. Energy Information Administration (EIA) data showed Wednesday. Read the Platts analysis from Alison Ciaccio here.

EIA analysis: record US output of gasoline

The highlight of this week’s EIA statistical report is the record output of gasoline reported for last week. You can see our  analysis of the numbers here.

OPEC meeting provides some expected, and some unexpected, events

(This blog post is based on the reporting of the Platts OPEC team in Vienna: Margaret McQuaile, Stuart Elliott, Geoff King, James Leech and Jacinta Moran).

The latest meeting Wednesday of OPEC ministers in Vienna was uneventful — at least in terms of what the group decided to do, or not to do, about its current crude production policy.

A rollover of its 30 million b/d production ceiling had been widely expected following suggestions from ministers in the weeks running up to the meeting that the status quo would be maintained.

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EIA analysis: the crude oil stock surplus keeps dwindling

The drop in crude oil stocks reported by the EIA this week showed further narrowing of the US surplus against the five-year average. You can read our analysis of it here. 

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