Cushing


All posts for Cushing

From Certain Doom To Cautious Optimism

A perfect storm of events – the Covid-19 lockdowns, the resulting effect on demand, an ongoing oil supply glut, a worrying shortage of storage space and (crucially) the expiry of the NYMEX WTI benchmark contract for May, resulted in US crude oil prices falling as low as -US$37/b. This was seen as ...

Hui Shan


Posted 5 months agoLink > WTIWest Texas IntermediateBrent +8

The WTI Oil Price Crash Explained

And now, unprecedented oil prices, as the WTI crude price marker slipped into negative territory for the first time ever. This had the same effect, though different contributing factors  in 2019, when WTI prices were depressed because demand was high but pipeline capacity was insufficient to carr ...

Hui Shan


Posted 6 months agoLink > WTIWest Texas IntermediateBrent +7

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Gasoline Stocks Fell 1.3 Million Barrels

With U.S. gasoline stocks sitting above the five-year average, supply appears ample even before U.S. refinery activity begins to ramp higher when planned repairs conclude and peak summer demand approaches, according to an S&P Global Platts preview of this week's pending U.S. Energy Information Admi ...

OilVoice Press - OilVoice


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

Transportation Constraints and Export Costs Widen The Brent-WTI Crude Oil Price Spread

Source: U.S. Energy Information Administration, Short-Term Energy Outlook In its November Short-Term Energy Outlook (STEO), EIA forecasts the price difference between West Texas Intermediate (WTI) crude oil priced at Cushing, Oklahoma, and Brent, the global crude oil price benchmark, to ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > United StatesEIAEnergy Information Administration EIA +5