US gasoline inventories jumped an unexpected 3.015 million barrels last week, driven by a rise in production and imports, data released by the US Energy Information Administration showed Wednesday. The data was bearish for NYMEX RBOB futures, with stocks on the Atlantic Coast –- home of the New York-delivery point for RBOB –- rising to their highest level since February 2012. You can read Platts’ analysis here.
Posts Tagged ‘EIA’
EIA analysis: US gasoline stocks jump 3.015 million barrels on imports, production
By News Desk | May 22, 2013 05:04 PM Comments (0)
US East Coast oil refineries enjoy a stirring comeback
By Katharine Fraser | May 17, 2013 04:21 PM Comments (1)
Alarm bells rang along the US Eastern Seaboard not too long ago that the region would face fuel shortages due to refinery closures in the region, but the dynamics changed with the entrance of some new players as well as domestic crude supply via rail from the Bakken Shale play.
The region is study in contrasts in a matter of a few short years. A couple of years ago, it seemed three major plants might close: the then Sunoco-owned refineries in Marcus Hook and Philadelphia, Pennsylvania, and the then ConocoPhillips-owned Trainer, Pennsylvania, refinery. All that came amid Hess and partner PDVSA initially scaling back operations of the Hovensa refinery on St. Croix, which exported to the US Atlantic Coast, to 350,000 b/d in 2011 before shutting it in January 2012.
ICYMI: Biden and Keystone, US oil import balance, Brent/WTI
By John Kingston | May 10, 2013 05:41 PM Comments (0)
A few random things at the end of the week:
Making money in Hawaii’s oil market is like pushing a boulder up a volcano
By Jeffrey Bair | May 10, 2013 12:43 PM Comments (2)
They like to say around the Platts office in Houston that California is an island.
An economic island, that is. The kind where the spot prices of gasoline and other refined fuels are insulated from the bob and weave of trades in the rest of the United States.
It’s an interesting analogy. But consider how fuel economics are affecting a real-live island right now: Oahu.
EIA analysis: small gain in crude oil stocks means yet another record
By News Desk | May 8, 2013 03:11 PM Comments (0)
The continuing rise in US crude oil stocks added only a small amount to the country’s stockpile last week, but that means inventories were at yet another record. You can read Platts’ analysis of this week’s EIA report here.
US gasoline inventories plunge 3.93 million barrels
By News Desk | April 24, 2013 06:55 PM Comments (0)
US gasoline inventories sank 3.93 million barrels last week, according to data released Wednesday by the US Energy Information Administration. Gasoline stocks fell across the US, with the exception of the US Atlantic Coast, where inventories edged up 570,000 barrels on a rise in imports. Read the Platts analysis.
EIA analysis: bullish crude oil numbers, but market slides anyway
By News Desk | April 17, 2013 03:49 PM Comments (0)
The weekly EIA report, released earlier today, showed a significant draw in crude oil stocks. That didn’t matter to the price; like all commodities recently, it continued to plunge. But we’ll leave our analysis to the fundamentals, and you can read that here.
EIA analysis: a jump in gasoline inventories that wasn’t expected
By News Desk | April 10, 2013 03:31 PM Comments (0)
US gasoline inventories climbed an unexpected 1.7 million barrels last week, as refiners continued to increase runs, and imports climbed. A 1.541 million barrel stock build on the US Atlantic Coast was considered bearish for the New York-delivered NYMEX RBOB contract. You can see Platts analysis here.
Do rig counts tell us much about oil and natural gas supplies anymore?
By Samantha Santa Maria | April 5, 2013 01:40 PM Comments (4)
Consider the facts: Lower-48 gas production averaged at 72.1 Bcf/d in January, close to all-time highs, according to the US Energy Information Administration. Gas rigs, meanwhile, were at 14-year lows, averaging at 434 for the same month.
Simple answer to the question: Not if you’re trying to gauge supply, they’re not.
EIA analysis: US crude stocks fall 1.314 million barrels as refiners up runs
By News Desk | March 20, 2013 04:39 PM Comments (0)
US crude inventories fell 1.314 million barrels last week as refiners raised runs, data from the US Energy Information Administration showed Wednesday. Refiners pushed utilization up 2.5 percentage points to 83.5% of capacity, with the Midwest leading the way. Read the Platts analysis.