DI Blog

Weekly Natural Gas Storage – 3/23/17

The EIA announced a 150 Bcf withdrawal for the week ended March 17, which is in line with market expectations. The full range of forecasts ahead of the release was between 127 and 170 Bcf draw. Natural gas forward prices opened 2 cents higher ahead of the release and extended…

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Weekly Petroleum Status Report – 3/22/2017

US crude oil stocks increased by 5.0 MMBbl last week, while gasoline and distillate inventories reported withdrawals of 2.8 MMBbl and 1.9 MMBbl respectively. Yesterday afternoon, API had reported a crude oil build of 4.5 MMBbl, while reporting gasoline and distillate withdrawals of 4.9 MMBbl and 0.9 MMBbl respectively. Analysts,…

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Alpine High: Promise on Track?

Since Apache’s September 7, 2016 announcement of a new resource play in the southern section of the Delaware Basin, much speculation has occurred around just how big of a discovery this is along with anticipation for the release of initial results. In their announcement, Apache estimated this new play, dubbed…

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The Week Ahead For Crude Oil, Gas and NGLs Markets – 03/20/17

CRUDE OIL US crude oil inventories increased by 0.2 MMBbl, according to the weekly EIA report. Inventories of gasoline and distillates decreased by 3.1 MMBbl and 4.2 MMBbl respectively. The most important number to keep an eye on, total petroleum inventories, decreased by 7.8 MMBbl. While the report is supportive…

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Weekly Natural Gas Storage – 3/16/2017

The EIA announced a 53 Bcf withdrawal for the week ended March 10. Market expectations were looking at a 56 Bcf withdrawal, with the full range of forecasts ahead of the release between 47 and 72 Bcf. The report is bearish as the draw is slightly smaller than average market…

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