Posts Tagged ‘EIA’

EIA analysis: a big jump in crude oil stocks

Crude oil stocks in the US had been declining for several weeks, but they’re turned around significantly. This week’s Energy Information Administration report showed a significant build. You can read our analysis here.

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EIA analysis: big draw in gasoline inventories

A draw in gasoline stocks far beyond what had been predicted by analysts was one of the most notable numbers in this week’s Energy Information Administration’s weekly statistical report. You can see our analysis here.

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Citi vs. Chevron: two opposing views of the oil price future

In another of our occasional guest blog entries, Steven Kopits of Princeton Energy Advisors considers the clashing views of Citi Commodities Research and Chevron regarding the likely path of oil prices. Steve can be reached at steven.kopits@prienga.com.

The direction of oil prices is once again a hot topic. In a recent Barron’s article, Ed Morse, Citigroup’s head of global commodity research, forecasts a collapse in global oil prices to $75 /b over the next three to five years. By contrast, Chevron has announced that it is budgeting with $110/b oil for 2017, with the company’s CEO John Watson stating, “There is a new reality in our business… $100/bbl is becoming the new $20/bbl in our business… costs have caught up to revenues for many classes of projects.” And for good measure, he adds, “If $100 is the new $20, consumers will pay more for oil.”

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EIA’s monthly oil report for January: record crude oil exports

Some highlights from this month’s Energy Information Analysis oil report, covering data in January.

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EIA analysis: Gulf Coast crude oil stocks hit record high

U.S. Gulf Coast crude oil stocks hit record highs during the week ended March 21st, reaching 200.3 million barrels, as growing pipeline capacity from Cushing, Oklahoma, sent barrels southward, according to data released Wednesday by the US Energy Information Administration (EIA). Read the full Platts analysis here.

EIA analysis: Crude oil stocks jump more than expected

US crude oil stocks rose a greater-than-expected 5.9 million barrels the week ended March 14 as refiners continued to ease back run rates due to seasonal maintenance, according to data released Wednesday by the US Energy Information Administration. Read our analysis here.

EIA analysis: Crude oil stocks surge

US crude oil stocks surged 6.2 million barrels the week ended March 7 on a cut in US refinery utilization rates and an increase in oil imports, according to data released Wednesday by the US Energy Information Administration. You can read our analysis here.

US net imports down, exports soar; just another day at the office

A few eye-popping numbers were in the EIA monthly report on US oil use in December. It shows the shale gale in full bloom.

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EIA analysis: a minor bump-up in US crude oil stocks

Crude stocks in the US rose last week, but not by much. You can read our analysis here.

EIA analysis: a small rise in crude oil inventories

Crude oil inventories rose last week…but not by much. US inventories continue to remain less than last year’s levels, and the five-year average. You can read Platts’ analysis of the numbers here.

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