DI Blog

Weekly Petroleum Status Report – 2/23/2017

US crude oil stocks increased by 0.6 MMBbl last week. Gasoline and distillate inventories decreased by 2.6 MMBbl and 4.9 MMBbl respectively. Yesterday afternoon, API had reported a crude oil withdrawal of 0.89 MMBbl alongside declines of 0.89 MMBbl for gasoline and 4.3 MMBbl for distillate inventories. Analysts had expected…

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Weekly Natural Gas Storage – 2/23/2017

The EIA announced an 89 Bcf withdrawal for the week ended February 17. The draw was larger than most market expectations, which average 85 Bcf with the full range of forecasts ahead of the release 76 to 95 Bcf withdrawals. The report is bullish as it came in above market…

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The Week Ahead For Crude Oil, Gas and NGLs Markets – 02/20/17

CRUDE OIL Crude oil stocks increased by 9.5 MMBbl, according to the weekly EIA report. Inventories of gasoline increased by 2.8 MMBbl and distillate inventories decreased 0.7 MMBbl. Total petroleum inventories increased by a massive 11.1 MMBbl. US production declined 1 MBbl/d and imports averaged 8.5 MMBbl/d, down 881 MBbl/d…

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Weekly Natural Gas Storage – 2/16/2017

The EIA announced a 114 Bcf withdrawal for the week ended February 10. The report is bearish as it came in below market expectations in the 120s Bcf. Natural gas prices opened lower ahead of the report and losses increased following the storage withdrawal 3-4 cents. The March 2017 prompt…

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Weekly Petroleum Status Report – 2/15/2017

US crude oil stocks increased by 9.5 MMBbl last week. Gasoline inventories increased by 2.8 MMBbl while distillate inventories decreased by 0.7 MMBbl. Yesterday afternoon, API had reported a crude oil build of 9.94 MMBbl alongside builds of 0.72 MMBbl for gasoline and 1.5 MMBbl for distillate inventories. Analysts had…

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