US commercial crude stocks jumped 10.1 million barrels during the week ended January 16, according to the latest data from the US Energy Information Administration. The inventory, at 397.9 million barrels, was 16% above the EIA five-year average for the same reporting week. Read a thorough analysis of the EIA data here.
Posts Tagged ‘EIA’
By News Desk | January 22, 2015 04:20 PM Comments (0)
By News Desk | January 14, 2015 04:10 PM Comments (0)
The latest data from the US Energy Information Administration shows US commercial crude oil stocks were up 5.4 million barrels to 387.8 million barrels for the week ended January 9. Cushing stocks have risen 10 million barrels during the last six weeks, possibly driven by traders storing crude oil there even as Cushing’s role has mostly transformed from a storage hub to a transit hub. Read the full Platts analysis here.
By News Desk | December 17, 2014 04:05 PM Comments (0)
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.
By Brian Scheid | December 11, 2014 11:25 AM Comments (0)
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.
By News Desk | December 11, 2014 10:35 AM Comments (0)
Soaring crude oil inputs at US refineries helped to push combined US gasoline and distillate stocks 13.78 million barrels higher the week ended December 5, US Energy Information Administration (EIA) oil data showed Wednesday. Despite the higher demand from refiners, the buildup in US product stocks weighed on the oil complex. Read the full Platts analysis of the EIA data here.
By News Desk | December 3, 2014 03:56 PM Comments (0)
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.
By News Desk | November 26, 2014 03:17 PM Comments (0)
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.
By News Desk | November 19, 2014 04:51 PM Comments (1)
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.
By News Desk | November 13, 2014 04:18 PM Comments (0)
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.
By Brian Scheid | November 6, 2014 12:01 AM Comments (0)
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.