Posts Tagged ‘EIA’

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.

Did crude oil export supporters rush to crow about EIA report?

Shortly after the US Energy Information Administration released a report last week on what drives US gasoline prices, the American Petroleum Institute declared its findings a significant argument in favor of dropping all restrictions on US crude oil exports.

The EIA report “confirms that lifting trade restrictions on U.S. crude oil could benefit U.S. consumers and promote America’s economic growth,” the oil and gas industry’s key trade association said in a statement.

That same day, the Producers for American Crude Oil Exports, a lobbying group backed by independent oil companies including Anadarko Petroleum, ConocoPhillips and Hess, said the EIA report backed the group’s calls for liberalizing the crude export restrictions which have been in place for nearly 40 years.

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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.

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.

The 10% ethanol blendwall is once again looming

Don’t look now, but the ethanol blendwall is back.

That 10% cap of how much ethanol can be blended into the US gasoline pool was a fiery issue in the Big Oil vs. Big Farm battle in 2013.

And believe it or not, the number has quietly but quickly crept back up into dangerous territory.

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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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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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EIA analysis: US crude oil stocks increase

The US West Coast was the main driver of the crude oil stock increase this week, partly due to a decrease in refinery runs, which fell 82,000 barrels per day to 2.37 million b/d.

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