The two sides of the refining equation pulled in separate directions last week, with crude stocks dropping an enormous amount, and products stocks rising. You can see Platts analysis here.
Posts Tagged ‘EIA’
By News Desk | December 11, 2013 01:50 PM Comments (0)
By Starr Spencer | December 6, 2013 12:01 AM Comments (0)
Raging snow and ice storms and temperature plunges across much of the US’ midsection last week brought to mind Hardin’s First Law of Human Ecology, as unruly winter weather debuted early in West Texas’ rapidly expanding Permian Basin.
The law was named for Garrett Hardin, who observed the interconnectedness of human behavior and events. It was Hardin who theorized the now often-repeated maxim that “You can never do just one thing.” He was basically postulating that unintended consequences can stem from one event — typically human behavior — which touches off or falls prey to assorted other events and eventually causes impacts that were never initially envisioned.
By News Desk | December 4, 2013 02:38 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 John Kingston | November 3, 2013 12:09 PM Comments (0)
There were a pair of news items over the past days that could be at least mildly indicative of two economic theorems: demand elasticity and Jevon’s Pardox.
Companies selling cars in the US reported their October sales Friday. Reviewing them, it’s hard not to miss the fact that the deeply-held view that Americans are turning away from bigger cars may be taking a hit from the sliding price of gasoline.
By News Desk | October 17, 2013 07:31 PM Comments (0)
Total US crude stocks — including stocks at the NYMEX crude delivery point of Cushing, Oklahoma — climbed last week, as refiners continued to cut runs. Refiners tend to reduce runs this time of year as they undergo maintenance, pulling down demand for crude. As a result of the lower runs, inventories for both distillate and gasoline fell last week. You can read our analysis of the numbers here.
By News Desk | October 9, 2013 01:34 PM Comments (0)
By John Roberts | October 3, 2013 11:09 AM Comments (1)
It’s a brave man who heads a statistical agency and then admits publicly that its forecasts are guaranteed to be wrong. But that is the stance that Adam Sieminiski, Administrator of the US Energy Information Administration, took when he addressed a meeting of energy analysts earlier this week at the Royal Institute of International Affairs in London.
“I am absolutely certain that the EIA’s long-term forecast is going to be wrong” Sieminski said.
By News Desk | October 2, 2013 05:47 PM Comments (0)
US crude inventories jumped 5.47 million barrels last week as refiners, particularly on the Gulf Coast, reduced runs, data released by the US Energy Information Administration showed Wednesday. US crude imports climbed, although the increases were seen on the US Atlantic Coast and West Coast. Despite the drop in refinery operations, the US remained well-supplied with gasoline. US gasoline stocks climbed 3.5 million barrels, putting inventories nearly 8% above the five-year average. Read the Platts analysis.
By Jeffrey Bair | September 26, 2013 12:01 AM Comments (4)
OK, raise your hand if you have done one of these things, ever: