DI Blog

Larger-Than-Average Withdrawal Pushes Gas Prices Up

U.S. natural gas storage inventories decreased by 50 Bcf during the week ending Nov. 25, per EIA. The 50 Bcf draw was relatively in line with market expectations of a draw in the low 50s and full range of forecasts expecting a draw between 26 and 65 Bcf. The withdrawal…

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Weekly Petroleum Stocks – 11/30/2016

US crude oil stocks decreased by 0.9 MMBbl last week. Gasoline and distillate inventories increased by 2.1 MMBbl and 5.0 MMBbl respectively. Yesterday afternoon, API had reported a crude oil withdrawal of 0.72 MMBbl, whereas analysts had expected a small build of 0.58 MMBbl/d. The most important number to keep…

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The Week Ahead: OPEC Meeting On Wednesday To Bring Price Volatility

CRUDE OIL • Crude oil inventories decreased by 1.3 MMBbl last week as reported by the EIA. The gasoline and distillate inventories increased 2.3 MMBbl and 0.3 MMBbl respectively. The unexpected crude oil withdrawal was due to lower imports (down 845 MBbl/d) and slightly higher refinery runs (up 271 MBbl/d)….

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First Withdrawal of the Season Moves Prices Up

Drillinginfo has acquired the assets, product lines and related services associated with Ponderosa Energy. Customers can now rely on a single partner for real-time, actionable intelligence and analytics and predictive support for investments in the industry, whether they are investing in exploration, production, buying, selling or trading. Learn more here….

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Weekly Petroleum Stocks – 11/23/16

Drillinginfo has acquired the assets, product lines and related services associated with Ponderosa Energy. Customers can now rely on a single partner for real-time, actionable intelligence and analytics and predictive support for investments in the industry, whether they are investing in exploration, production, buying, selling or trading. Learn more here….

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