Tuesday, April 22, 2025
Cushing oil storage tanks -oilandgas360

Shifting Supply Shrinks Crude Differentials

Heavy crude becoming more expensive, light crude becoming cheaper The global crude  oil supply is currently undergoing a major change as production changes drive shifts in the oil quality mix, according to a note by the EIA. Crude oil is not all created equal, and many major producing locations have their own grades. One of the most important and commonly

Weekly Gas Storage: Approaching 2016 Levels

The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week. In total, the EIA reports natural gas stocks increased by 97 Bcf last week, rising from 3,311 Bcf to 3,408 Bcf. This is below the 3,544 Bcf that was in storage at this point last year, and is