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.
Posts Tagged ‘EIA’
By News Desk | April 9, 2014 01:12 PM Comments (0)
By Steven Kopits | April 9, 2014 12:01 AM Comments (4)
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 email@example.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.”
By John Kingston | March 28, 2014 03:39 PM Comments (1)
Some highlights from this month’s Energy Information Analysis oil report, covering data in January.
By News Desk | March 26, 2014 03:53 PM Comments (0)
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.
By News Desk | March 19, 2014 03:21 PM Comments (1)
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.
By News Desk | March 12, 2014 03:20 PM Comments (0)
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.
By John Kingston | March 1, 2014 10:10 AM Comments (2)
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.
By News Desk | February 26, 2014 03:54 PM Comments (0)
Crude stocks in the US rose last week, but not by much. You can read our analysis here.
By News Desk | February 20, 2014 02:15 PM Comments (0)