DI Blog

Weekly Petroleum Status Report – 3/15/2017

US crude oil stocks decreased by 0.2 MMBbl last week, alongside gasoline and distillate withdrawals of 3.1 MMBbl and 4.2 MMBbl respectively. Yesterday afternoon, API had reported a crude oil withdrawal of 0.5 MMBbl, alongside gasoline and distillate withdrawals of 3.9 MMBbl and 4.1 MMBbl respectively. Analysts on the contrary,…

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The Week Ahead For Crude Oil, Gas and NGLs Markets – 3/13/17

CRUDE OIL US crude oil inventories increased by 8.2 MMBbl, according to the weekly EIA report. Inventories of gasoline and distillates decreased by 6.6 MMBbl and 2.7 MMBbl respectively. The most important number to keep an eye on, total petroleum inventories, decreased by 2.4 MMBbl. While the total petroleum inventories…

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Weekly Natural Gas Storage – 3/9/2017

The EIA announced a 68 Bcf withdrawal for the week ended March 3. The draw included a 4 Bcf reclassification from working gas to based gas in the South Central Salt region. If the reclassification is not included, the implied flow storage draw is 64 Bcf. Market expectations were looking…

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Weekly Petroleum Status Report – 3/8/2017

US crude oil stocks increased by 8.2 MMBbl last week. Gasoline and distillate inventories decreased by 6.6 MMBbl and 2.7 MMBbl respectively. Yesterday afternoon, API had reported a crude oil build of 11.6 MMBbl, while reporting gasoline and distillate withdrawals of 5.0 MMBbl and 2.9 MMBbl respectively. Analysts had expected…

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The Week Ahead For Crude Oil, Gas and NGLs Markets – 03/06/17

CRUDE OIL US crude oil inventories increased by 1.5 MMBbl, according to the weekly EIA report. Inventories of gasoline and distillates decreased by 0.5 MMBbl and 0.9 MMBbl respectively. The most important number to keep an eye on, total petroleum inventories, increased by 0.3 MMBbl. US production increased 31 MBbl/d…

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