DI Blog

Weekly Natural Gas Storage – 01/19/2017

The EIA announced a 243 Bcf withdrawal for the week ended Jan. 13. The draw was higher than market expectations again this week, which average 230 Bcf with the full range of forecasts ahead of the release -147 to -253. The 253 Bcf draw is also significantly higher than historical…

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Weekly Petroleum Status Report – 1/19/17

US crude oil stocks increased by 2.3 MMBbl last week. Gasoline inventories increased by 6.0 MMBbl and distillate inventories decreased by 1.0 MMBbl respectively. Yesterday afternoon, API had reported a crude oil withdrawal of 5.0 MMBbl alongside a 9.75 MMBbl increase in gasoline stocks. Analysts had expected a crude oil…

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Britain’s Dash for Gas

Following poor success across Europe, including Poland, Ukraine, France, the Netherlands, and Denmark, the UK now remains the last candidate province for European shale gas and oil in the near term. And a fracking moratorium in Scotland has further reduced that to England & Wales. The British government is in…

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The Week Ahead For Crude Oil, Gas and NGLs Markets 01-16-17

CRUDE OIL Crude oil inventories increased by 4.1 MMBbl last week according to the EIA. Gasoline and distillate inventories increased by 5.0 MMBbl and 8.4 MMBbl respectively. Total petroleum inventories posted a build of 13.4 MMBbl. The large build in crude oil was due to the higher imports (up 1.9…

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Weekly Natural Gas Storage – 1/12/2017

The EIA announced a 151 Bcf withdrawal for the week ended Jan. 6. The draw was slightly higher than market expectations of a draw of 144 Bcf with the full range of forecasts ahead of the release -125 to -184. The 151 Bcf draw compares to a 152 Bcf draw…

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