Inventories


All posts for Inventories

TODAY IN ENERGY: Drop in petroleum demand led to rise in crude oil inventories and low refinery utilization

Either way, this has thrown a spanner in the works of the giant, multi-billion oil and gas projects that were announced over the past two years as the energy world began to wake up from its post-2015 price crash investment hibernation. Further impairments were made in April 2020 when the Q1 finan ...

Hui Shan


Posted 4 months agoLink > ConsumptionDemandLiquid Fuels +6

EIA expects record liquid fuels inventory builds in early 2020, followed by draws

In the same year, the US leapfrogged Malaysia as the third largest LNG exporter in the world, and by 2025, its LNG production capacity could reach almost 15 bcf/d – eclipsing both Qatar and Australia. With its recent moves to tap into the vast natural gas resources in its offshore North Field and ...

Hui Shan


Posted 6 months agoLink > ProductionsupplyConsumption +8

Withdrawals from natural gas storage this winter were lowest since 2015–16

Energy exports from the United States reached an all-time high of 23.6 quadrillion British thermal units (quads) in 2019, marking the first time in 67 years that annual U.S. gross energy exports exceeded U.S. gross energy imports, according to the U.S. Energy Information Administration's (EIA) Mon ...

Hui Shan


Posted 7 months agoLink > natural gasweatherInventories +4

EIA forecasts natural gas inventories will reach record levels later this year

Forecast growth in demand for U.S. petroleum and other liquids is not driven by transportation and not supplied by refineriesThe U.S. Energy Information Administration's (EIA) February Short-Term Energy Outlook (STEO) forecasts that in 2021, U.S. consumption (as measured by product supplied) of to ...

Hui Shan


Posted 9 months agoLink > forecastsProjectionsnatural gas +4

Natural gas prices fall to lowest level since 2016, the lowest February prices in 20 years

Dry natural gas production in January 2020 averaged about 95.0 billion cubic feet per day (Bcf/d), according to IHS Markit data. IHS Markit also estimates that in January 2020 the United States saw the third-highest monthly U.S. natural gas production on record, down slightly from the previous tw ...

Hui Shan


Posted 9 months agoLink > supplyProductionsupply +8

Natural gas inventories surpass five-year average for the first time in two years

When determining whether natural gas inventories are relatively high or low, EIA uses the average inventories for that same week in each of the previous five years. Throughout the 2019 refill season, record levels of U.S. natural gas production led to relatively high injections of natural gas int ...

Hui Shan


Posted 1 year agoLink > Storagenatural gasInventories +1

This Week in Petroleum: Saudi Arabia crude oil production outage will affect global oil markets and U.S. gasoline prices

Crude oil markets will certainly continue to react to new information as it becomes available in the days and weeks ahead, but this disruption and the resulting changes in global crude oil prices will influence U.S. retail gasoline prices. Saudi Arabia can use these inventories to maintain a simi ...

Hui Shan


Posted 1 year agoLink > BrentCrude oilexports +7

Getting a handle on your inventory through effective Enterprise Asset Management (EAM)

Inventory management is crucial to the day-to-day management of an oil and gas business. Companies across the oil and gas industry regularly experience inventory discrepancy problems particularly when inventory data is entered manually or isn't controlled centrally. Incorrect inventory management ...

Louise Rock-West - Progressive TSL


Posted 1 year agoOpinion > Oil and Gassmall and medium enterprisesEAM +5

Natural Gas Inventories End Heating Season at the Lowest Level Since 2014

Source: U.S. Energy Information Administration, Natural Gas Monthly and Weekly Natural Gas Storage Report Note: Data for March 31, 2018, is an interpolated value, based on the Weekly Natural Gas Storage Report . Working natural gas in storage in the United States as of March 31, 2018, ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > natural gasInventoriesUnited States +2

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Stocks Rose 2.5 Million Barrels

NEW YORK – Tightening U.S. crude oil inventories have been supportive for oil futures, but short-term dynamics continue to be dominated by moves in equities and currencies, with traders fixated on economic and political stories, according to an S&P Global Platts preview of this week's pending U.S. ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > United StatesUSEIA +5

Post-EIA Oil Inventories Commentary: S&P Global Platts Analytics - May quote Sr. Oil Analyst Jenna Delaney

Analysis of U.S. EIA Oil Inventories Data: U.S. commercial crude oil inventories decreased by 5.1 million barrels during the week ended December 8, marking the fourth consecutive weekly decline. The largest regional drawdown took place at Cushing, Oklahoma (delivery point for NYMEX oil futures ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > EIAEnergy Information Administration EIAInventories +4

The One Indicator OPEC Must Watch

By Nick Cunningham of Oilprice.com “We will not let go of our current approach until we reach a balanced market,” Saudi oil minister Khalid al-Falih said Monday at a news conference in Riyadh. OPEC ended months of speculation last week when it decided to extend its production cuts through th ...

Oilprice Staff


Posted 2 years agoOpinion > OPECoilpriceSaudi Arabia +1

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Stocks Fell 4.1 Million Barrels

NEW YORK (December 4, 2017) – Increased U.S. refinery utilization following autumn maintenance likely drew crude barrels out of storage and pushed product inventories higher last week, consistent with seasonal norms for this time of year, according to an S&P Global Platts preview of this week's pen ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > EIAEnergy Information Administration EIAS&P Global Platts +5

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Oil Stocks Fell 2.7 Million Barrels

Consistent builds in crude oil inventories at Cushing, Oklahoma (delivery point for New York Mercantile Exchange or NYMEX oil futures), since early August have weighed on NYMEX crude futures, leading to a larger discount to Intercontinental Exchange (ICE) Brent, providing an incentive for U.S. crud ...

OilVoice Press - OilVoice


Posted 3 years agoOpinion > S&P Global PlattsS&PUnited States +6