Oil inventories are at an all-time high at the Cushing delivery point in Oklahoma. Fortunately, working storage capacity is also at its highest on record, but the available space is filling up fast. In the Energy Information Administration’s (EIA) Today in Energy brief for March 23, 2015, the article details the builds in Cushing working storage capacity along with the
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.
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 1/9/15) Current: 387,782 Actual Build/(Withdrawal): 5,389 Economist Average Estimate: 1,750 Previous: 382,393 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 ~19.2 Mmbpd decreased ~0.6% w/w, and the four-week moving average decreased ~160 bps to ~4.9% higher y/y. Gasoline
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.
CRUDE OIL INVENTORY/’000 bbls (Week Ended 12/12/14) Current: 379,942 Actual Build/(Withdrawal): (847) Economist Average Estimate: (2,213) Previous: 380,789 Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports ANALYST COMMENTARY **All notes from 12.17.14** KLR Group Demand Demand of ~20.5 Mmbpd increased ~5.2% w/w, and the four-week moving average increased ~170 bps to
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