Posts Tagged ‘crude oil’

EIA analysis: Oil futures jump as US crude stocks fall

US commercial crude oil stocks were 847,000 barrels lower for the week ended December 12, helped along by a drop in imports, according to data released Wednesday from the US Energy Information Administration.

It represented a smaller-than-expected draw, but oil futures jumped regardless on a wave of short covering. Read more in the Platts analysis here.

Has US oil production peaked? An EIA report argues both sides

Want to dazzle party guests this holiday season with a data-backed argument that the US oil boom may have peaked? Well, the US Energy Information Administration has a report you should probably read.

Want to shut up that obnoxious blowhard who keeps using EIA data to support his argument that the glory days of US oil may have gone by? Want some government data of your own to defend your claim that we have yet to see the peak of US oil production?

I have good news: You can use the same report.

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The Oil Big Five: Looking into the short future of 2014

The end of December is just around the corner, and it’s typical at this time of year for publications to take a grand look backward to sum up the year. What kind of proclamations can we make about the global oil industry in 2014? What sort of lessons are there to be learned, and how will we look back on 2014 years from now?

As tempting as it may be to take that look in the rearview mirror, today we’re going to look ahead with our December version of The Oil Big Five. By now you know the drill: We ask our Platts editors and analysts in offices around the globe what they think are the biggest issues or topics in the oil world for the upcoming month, and then we ask you for your thoughts. Are we right, are we wrong, and what do you want to see covered? Leave us your comments here or with #oilbig5 on Twitter.

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EIA analysis: US crude oil stocks decrease 3.7 million barrels

The biggest crude oil draw was on the US West Coast again this week. Analysts tend to downplay the significance of USWC stockpile movements because the region is mostly disconnected from Cushing, Oklahoma. You can read Platts’ analysis of the Energy Information Administration figures here.

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.

The Oil Big Five: Your comments about oil reserves and opportunities for producers

November is thankfully on its last legs days, and we’re already exhausted. We knew the month would bring lots of big news topics (such as this one, which reminded me of this, because I’d love to see a rock opera about oil), as we discussed in our original Oil Big Five listing for the month. Then there were other items that didn’t make the list that also drew a lot of attention, from us and from others.

To feature reader comments today, we want to draw attention to the comments on our post about comments, which is very meta. We enjoy hearing from you, as these posts are intended to start conversations and discussions (even arguments!), and we think your comments are one of the highlights of this series.

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EIA analysis: Counter-cyclical build in US crude oil inventories

A small expected build in crude oil stocks in the US last week actually turned out to be a fairly large build, given normal trends at this time of the year. You can read Platts’ analysis of the Energy Information Administration figures here.

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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The Oil Big Five: Clear your calendar for November’s news

November didn’t waste any time with big news stories featuring oil issues, and some of us are still trying to catch up on the sleep lost watching the outcomes of the US elections on November 4. Looking ahead and around the globe, it appears the rest of the month has plenty of potential to keep us guessing as to what will happen to the global oil industry.

For this month’s The Oil Big Five, we’re marking our calendars for the rest of November and eagerly awaiting what new developments could start emerging. These five topics were suggested by our Platts editors and analysts around the world, and we’re particularly interested in what you think. Any wagers as to the outcome of any of these topics, or any other issues that are especially important to you? Comment here or on Twitter with the hashtag #oilbig5, and we’ll feature your comments (and give you another chance to leave us your thoughts) later in the month.

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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.