Posts Tagged ‘crude oil’

EIA analysis: US oil stocks rise, Canadian imports set record

US crude, gasoline and distillate stocks rose across the board last week, according to US Energy Information Administration oil data released Wednesday. Canadian crude imports increased 494,000 b/d to 3.25 million b/d, setting a weekly record high.

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The Oil Big Five: Finding a footing when the crude landscape is shifting

Now that the global crude oil markets are in the middle of a sort of upheaval, it seems increasingly harder to have clear thoughts or emotions about what the future holds. There are so many nuances to the slowly emerging new order that it can be difficult to find underlying issues (something we strive to do every month with this feature) or take a firm stand on how you think things will shake out in the future (see our No. 2 pick).

In the October version of The Oil Big Five, we have some officials trying to establish their region’s role in the future, even as everything is uncertain. We also have price movements and crude movements, and we’re hoping this all moves you to leave us a comment. Leave us your thoughts below. What do you think of these topics, and what did we leave off that’s a big issue to you? Or share your ideas on Twitter with the hashtag #oilbig5. Read what our oil editors and analysts nominated as the top issues for the moment, and we look forward to featuring your comments next week.

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EIA analysis: US crude stocks show unexpected draw

US crude oil, gasoline and distillate inventories fell across the board last week. Run rates last week fell to lows not seen since the beginning of the summer.

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Takeoff, eh? At time of need, New York jet fuel heads to Canada

New York jet fuel prices spiked from mid-July through August, and new data gives more insight why. Blame Canada.

Canada may be sending everything from comedians and crude into the US. But in July, it took in a good bit of US jet fuel, mostly out of New York.

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EIA analysis: big draw in crude oil stocks

US crude oil stocks took an unexpected downturn last week. You can see our analysis of the latest Energy Information Administration inventory report here.

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One more time: Canadian Western Select crude oil headed from Montreal to the US Gulf

The Greece-registered Minerva Glory oil tanker is expected to load another parcel of Western Canadian Select from Sorel, Montreal, Quebec.

This is the second parcel of WCS heavy sour crude to move out of Montreal. The destination of the Minerva Glory is not clear but players say it is most likely bound for the US Gulf Coast. The first parcel of WCS was shipped end-July to Louisiana.

Suncor has confirmed it is the seller of the parcel. Its need for the crude is probably diminished; it has begun maintenance work at its 137,000 b/d Montreal refinery. The maintenance is scheduled to last 11 weeks.

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EIA oil analysis: overall small changes, bigger changes underneath

The overall change in US crude oil inventories was relatively small last week, according to the EIA data released today. But there were some bigger regional shifts underneath those total numbers. You can read our analysis here.

The Oil Big Five: Some of the same, some of the new

When we began the Oil Big Five posts, we had an idea of featuring brand-new items every single month. But that whole saying about people forgetting history being doomed to repeat it?

It came to mind this month when we were soliciting suggestions from our Platts oil editors and analysts for this month’s listing. Big issues don’t go away quickly, and in an industry as large and complicated as global oil, it’s doubly true.

That said, we do have several new issues on the list this month, as well as some follow-ups to previous topics. Be sure to comment here, on Facebook or on Twitter (use the hashtag #oilbig5), and we look forward to featuring your comments. Tell us what you’re thinking about, and here’s what we’re most focused on at the moment:

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IEA again looks to OPEC to balance 2014 market

The International Energy Agency on Tuesday cut its oil demand growth forecast for 2014 for a number of reasons, not the least of which is a weaker global economic outlook than previously thought and lower oil supplies in the second quarter.

But even though the world won’t need as much oil this year as IEA earlier thought, that doesn’t mean it won’t need more crude from OPEC.

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The Oil Big Five: Unleash the Kalavrvta!

It can often feel as though many of the big issues or trends in the oil industry are happening on a level unseen by the general public. July, though, brought some big news stories straight to the mainstream media and a wider audience, and these were developments our oil editors and analysts at Platts were watching closely.

Welcome to the latest iteration of The Oil Big Five, when we ask our Platts oil insiders what they believe are the biggest trends or issues in the global oil industry. These are topics we spent a lot of time researching, writing about and analyzing in July, as well as issues we’re keeping an eye on for August.

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