OPEC expects basket price to fall for third straight week The price of OPEC’s basket of twelve crudes stood at $60.73 per barrel today, down $1.30 from just a week ago when the basket sold for $62.03, according to information released by OPEC. OPEC’s crude oil basket has been trending downward since the beginning of the month when it reached
CRUDE OIL INVENTORY/’000 bbls (Week Ended 3/6/15) Current: 448,886 Actual Build/(Withdrawal): 4,512 Economist Average Estimate: 4,595 Previous: 444,374 Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. ANALYST COMMENTARY KLR Group Demand Demand of ~18.6 Mmbpd decreased ~5.3% w/w, and the four-week moving average decreased ~70 bps to ~3.9% higher y/y. Gasoline demand
CRUDE OIL INVENTORY/’000 bbls (Week Ended 2/27/15) Current: 444,374 Actual Build/(Withdrawal): 10,303 Economist Average Estimate: 3,888 Previous: 434,071 Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. ANALYST COMMENTARY KLR Group Demand Demand of ~19.7 Mmbpd decreased ~0.6% w/w, though the four-week moving average increased ~120 bps to ~4.6% higher y/y. Gasoline
CRUDE OIL INVENTORY/’000 bbls (Week Ended 2/13/15) Current: 425,644 Actual Build/(Withdrawal): 7,716 Economist Average Estimate: 3,050 Previous: 417,928 Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or
CRUDE OIL INVENTORY/’000 bbls (Week Ended 2/6/15) Current: 417,928 Actual Build/(Withdrawal): 4,868 Economist Average Estimate: 3,613 Previous: 413,060 Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. ANALYST COMMENTARY BMO Capital Markets We believe this week’s data is negative for crude prices given the crude build once again exceeded expectations and pushed
CRUDE OIL INVENTORY/’000 bbls (Week Ended 1/30/15) Current: 413,060 Actual Build/(Withdrawal): 6,333 Economist Average Estimate: 3,940 Previous: 406,727 Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. ANALYST COMMENTARY KLR Group Demand Demand of ~18.6 Mmbpd decreased ~9.1% w/w, and the four-week moving average decreased ~90 bps to ~3.8% higher y/y.
“The oil supply is here and the demand will always be there.” – Jason Vedadi Dropping oil prices may have put the brakes on a lot of E&Ps’ capital spending plans for 2015, but that’s not slowing down Jason Vedadi and his fellow real estate developers in the Williston basin. “We see this as a long term play. The oil supply
CRUDE OIL INVENTORY/’000 bbls (Week Ended 1/23/15) Current: 406,727 Actual Build/(Withdrawal): 8,874 Economist Average Estimate: 4,000 Previous: 397,853 Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. ANALYST COMMENTARY Raymond James Equity Research This week’s petroleum inventories update was modestly bullish relative to consensus. “Big Three” petroleum inventories (crude, gasoline, distillates) rose
CRUDE OIL INVENTORY/’000 bbls (Week Ended 1/16/15) Current: 397,853 Actual Build/(Withdrawal): 10,071 Economist Average Estimate: 2,670 Previous: 387,782 Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. ANALYST COMMENTARY KLR Group Thesis (as of January 13, 2015) We expect Brent/NYMEX $62.50/$57.50 oil prices this year and $85/$80 next year. In our view, the negative
CRUDE OIL INVENTORY/’000 bbls (Week Ended 12/26/14) Current: 385,455 Actual Build/(Withdrawal): (1,754) Economist Average Estimate: 133 Previous: 387,209 Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy.
CIBC’s Katherine Spector Lays Out a Few Scenarios Head of Commodities Strategy for CIBC World Markets, Katherine Spector, hosted a conference call for CIBC clients on Wednesday morning in advance of both the U.S. Thanksgiving Day holiday and tomorrow’s much anticipated OPEC meeting and then spoke to Oil&Gas360® after the call in an exclusive interview about oil prices and OPEC.
ISIS Loses Oil Production In the aftermath of last month’s U.S. air strikes that damaged the Islamic State’s (ISIS) captured oil field operations in Syria and Iraq, news outlets have reported that the attacks disrupted the group’s ability to make gasoline and diesel to power its military operations. More importantly, the damage to the field took away oil production it was using to
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
