EIA Reports Gas Draw Above Expectations, Full Impact of COVID-19 Yet To Be Seen

[contextly_auto_sidebar] Natural gas storage inventories decreased 29 Bcf for the week ending March 20, according to the EIA’s weekly report. This was larger than the expected draw of 26 Bcf. Working gas storage inventories now sit at 2.005 Tcf, which is 888 Bcf above inventories from the same time last year and 292 Bcf above […]

Prices Rise Despite A Build In The Crude Inventory

[contextly_auto_sidebar] US crude oil stocks posted an increase of 1.6 MMBbl. Gasoline and distillate inventories decreased 1.5 MMBbl and 0.7 MMBbl, respectively. Yesterday afternoon, API reported a crude oil draw of 1.25 MMBbl alongside gasoline and distillate draws of 2.6 MMBbl and 1.9 MMBbl, respectively. Analysts, to the contrary were expecting a crude oil build […]

Permian Operators Slash 2020 Plans as Oil Market Craters

The economic implications of the novel coronavirus and the oil price war initiated between Saudi Arabia and Russia have sent oil markets on a downward spiral. WTI settled at $20.37/bbl on March 18, dropping 24% on the day and 56% in the last two weeks. Shale operators across the U.S. have acted swiftly to adjust […]

Lack of Demand Results in Single Digit Gas Draw

[contextly_auto_sidebar] Natural gas storage inventories decreased 9 Bcf for the week ending March 13, according to the EIA’s weekly report. This was larger than the expected draw of 4 Bcf. Working gas storage inventories now sit at 2.034 Tcf, which is 878 Bcf above inventories from the same time last year and 281 Bcf above […]

Prices Continue Their Downward Spiral Falling Below Lowest Levels In More Than 17 Years

[contextly_auto_sidebar] US crude oil stocks posted an increase of 2.0 MMBbl. Gasoline and distillate inventories decreased 6.2 MMBbl and 2.9 MMBbl, respectively. Yesterday afternoon, API reported a crude oil draw of 0.42 MMBbl alongside gasoline and distillate draws of 7.8 MMBbl and 3.6 MMBbl, respectively. Analysts, to the contrary were expecting a crude oil build […]

EIA Reports Gas Draw Below Expectations

[contextly_auto_sidebar] Natural gas storage inventories decreased 48 Bcf for the week ending March 6, according to the EIA’s weekly report. This was below the expected draw of 56 Bcf. Working gas storage inventories now sit at 2.043 Tcf, which is 796 Bcf above inventories from the same time last year and 227 Bcf above the […]

Prices Decline Despite Gas Draw Meeting Expectations

[contextly_auto_sidebar] Natural gas storage inventories decreased 109 Bcf for the week ending February 28, according to the EIA’s weekly report. This was in line with the expected draw of 108 Bcf. Working gas storage inventories now sit at 2.091 Tcf, which is 680 Bcf above inventories from the same time last year and 176 Bcf […]

Expectation of Large OPEC Cut Support Prices

[contextly_auto_sidebar] US crude oil stocks posted an increase of 0.8 MMBbl. Gasoline and distillate inventories decreased 4.3 MMBbl and 4.0 MMBbl, respectively. Yesterday afternoon, API reported a crude oil build of 1.7 MMBbl alongside gasoline and distillate draws of 3.9 MMBbl and 1.7 MMBbl, respectively. Analysts were expecting a larger crude oil build of 3.3 […]

Prices Down on Bearish Weather Forecast Changes and Gas Draw

[contextly_auto_sidebar] Natural gas storage inventories decreased 143 Bcf for the week ending February 21, according to the EIA’s weekly report. This was less than the expected draw of 152 Bcf. Working gas storage inventories now sit at 2.200 Tcf, which is 637 Bcf above inventories from the same time last year and 179 Bcf above […]

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Register Today

Sign Up

Power Your Insights

Connect with an Expert

Access Product Tour

Speak to an Expert