Archive for the ‘Platts analysis’ Category

EIA analysis: Big West Coast oil move skews overall figures

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.

Chinese oil demand growth rate reaches almost 3%

The growth in Chinese oil demand has been significantly less than the growth in the country’s GDP for awhile now. It still is, but October’s growth rate was a bit higher than some recent months. You can read our analysis of it here.

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IEA predicts ‘new chapter’ for oil markets, sees price declines into 2015 as likely

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.

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EIA analysis: Crude stocks fell as seasonal refining pattern emerges

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.

OPEC cuts its oil output, and then Libya cuts it more

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survey of OPEC output in the last day or so, and then Libya decided to make all numbers from just a few days ago seem out-of-date.

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EIA analysis: Small build in crude oil stocks

After some wild swings in recent weeks, the latest EIA oil inventory report was relatively subdued. You can read our analysis of it here.

More twists coming for PNG’s emerging LNG industry?

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.

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EIA analysis: Distillate stocks slide significantly

The most eye-popping number in this week’s Energy Information Administration stock report was the large decline in distillate stocks. You can see our analysis of the numbers here. 

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EIA analysis: big build in crude oil stocks

The weekly data from the Energy Information Administration showed a significant build in crude oil stocks. Our analysis of those numbers is here.

EIA analysis: big build in crude oil stocks

A sagging crude oil market got another big hit of bearish news today with the weekly EIA statistics showing a big build in crude stocks. You can read our analysis here. 

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