Joseph
Markman
Hart Energy
US Crude Oil Stockpiles Rise, Fuel Inventories Fall
“The Cushing situation is getting worrisome,” said John Kilduff, partner at Again Capital LLC. “That's supportive of the contract.”
US Crude Oil Stockpiles Rise Despite Cushing Draw, Record Fuel Demand
Cushing’s importance to the market has waned in recent years as producers send more inventories to the U.S. Gulf for export, but it is still notable as it is the delivery point for U.S. crude futures.
US Crude Stockpiles Drop Unexpectedly as Demand Hits Record High: Report
Overall, the mild softness in oil demand witnessed in early January due to the Omicron coronavirus variant seems to have passed, analysts say.
Column: Depleted US Distillate Stocks Show Supply Chain Pressure
Distillate shortfalls will continue to exert upward pressure on oil prices until Saudi Arabia and U.S. shale producers raise their output faster, or more likely until the economy enters a slowdown, writes Senior Market Analyst John Kemp.
US Crude Oil, Distillate Stockpiles Fall; Gasoline Builds
“As we drift towards the three-year low in U.S. storage levels, it justifies the pop we are seeing in the market,” said Bob Yawger, director of energy futures at Mizuho.
US Crude, Gasoline Stocks Build, Even as Fuel Demand Surges
Overall product supplied—a measure of demand—surged again, putting the four-week moving average at 21.2 million bbl/d, ahead of pre-pandemic trends.
US Crude Oil Stockpiles Rise for First Time Since November
Crude inventories in the U.S. rose by 515,000 barrels in the week to Jan. 14 to 413.8 million barrels, compared with analysts’ expectations in a Reuters poll for a 938,000-barrel drop.
US Court Rejects Bid to Block Sale of Texas Oil Refinery to Mexico’s Pemex
Owners of a Mt. Vernon, N.Y., coin-operated laundromat who filed the lawsuit, claimed the sale of Shell’s Texas oil refinery to Mexico’s Pemex would raise U.S. gasoline prices, harm their customers and reduce their profits.
US Crude Stockpiles Drop, But Fuel Builds Sharply: Report
The drawdown in U.S. crude oil inventories was related in part to year-end tax considerations that prompt companies to reduce inventories, especially in the Gulf Coast, to reduce tax burdens.
Midstream Outlook: More Cash, Fewer Projects
Ajay Bakshani, co-author of East Daley’s annual Dirty Little Secrets midstream outlook, discusses the expectations for $90 billion in free cash flow and why ‘midstream can really do it all in the next few years.’