EIA – Oil & Gas 360

Oil edges higher on falling US crude inventories, Fed’s 2025 outlook limits gains

December 19, 2024

(Investing) – Oil prices rose slightly on Thursday, supported by falling U.S. crude inventories, though gains were limited after the U.S. Federal Reserve signalled it would slow the pace of interest rate cuts in 2025, a move that could dampen economic growth, reduce fuel demand, and strengthen the dollar. Brent crude futures rose 44 cents, or 0.60% to $73.83 a barrel by 1414 GMT.

Weekly Gas Storage: Inventories increase by 68 Bcf- oil and gas 360

Weekly Gas Storage: Inventories decrease by 125 Bcf

December 19, 2024

Natural Gas Inventories as of December 13, 2024 The EIA has released its natural gas inventory report, showing a net decrease of 125 Bcf as of December 13, 2024. Working gas in storage was 3,622 Bcf as of Friday, December 13, 2024, according to EIA estimates. This represents a net decrease of 125 Bcf from the previous week. Stocks were

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 0.9 million barrels

December 18, 2024

Weekly Crude Oil Storage as of December 13, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.9 million barrels from the previous week. At 421.0 million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,

Weekly Gas Storage: Inventories decrease by 190 Bcf

December 12, 2024

Natural Gas Inventories as of December 6, 2024 The EIA has released its natural gas inventory report, showing a net decrease of 190 Bcf as of December 6, 2024. Working gas in storage was 3,747 Bcf as of Friday, December 6, 2024, according to EIA estimates. This represents a net decrease of 190 Bcf from the previous week. Stocks were

U.S. crude oil inventories decrease by 1.4 million barrels

December 11, 2024

Weekly Crude Oil Storage as of December 6, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.4 million barrels from the previous week. At 422.0 million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,

Weekly Gas Storage: Inventories decrease by 30 Bcf

December 5, 2024

Natural Gas Inventories as of November 29, 2024 The EIA has released its natural gas inventory report, showing a net decrease of 30 Bcf as of November 29, 2024. Working gas in storage was 3,937 Bcf as of Friday, November 29, 2024, according to EIA estimates. This represents a net decrease of 30 Bcf from the previous week. Stocks were

Oil slightly down ahead of OPEC+ decision

December 4, 2024

(Investing) – NEW YORK – Oil futures slipped on Wednesday as traders awaited an imminent OPEC+ decision on supply, while a larger-than-expected draw in U.S. crude stockpiles last week lent some support to prices. Brent crude futures fell 38 cents, or 0.52%, to $73.24 a barrel by 11:50 a.m. EST (1650 GMT). U.S. West Texas Intermediate crude futures were down 44 cents, or

U.S. crude oil inventories decrease by 5.1 million barrels

December 4, 2024

Weekly Crude Oil Storage as of November 29, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.1 million barrels from the previous week. At 423.4 million barrels, U.S. crude oil inventories are 5% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,

U.S. enters winter with highest natural gas stocks in eight years

December 2, 2024

(Oil Price) – U.S. natural gas inventories are higher than average for this time of the year as America has entered the proper winter heating season with stocks at their highest level since 2016, the Energy Information Administration (EIA) said on Monday. Working natural gas in storage in the Lower 48 states ended the natural gas injection season with 3,922 billion cubic feet

A Thanksgiving Perspective- What a difference a decade makes

November 27, 2024

(Oil & Gas 360)- It was Thanksgiving Day 2014 when the U.S. oil industry was confronted with its biggest challenge in decades following Saudi Arabia’s attempt to leverage an oil glut of the time to preserve market share while squeezing American oil producers with their higher cost structure. The ploy worked…for a while. Not only did oil prices fall more

U.S. crude oil inventories decrease by 1.8 million barrels

November 27, 2024

Weekly Crude Oil Storage as of November 22, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.8 million barrels from the previous week. At 428.4 million barrels, U.S. crude oil inventories are 5% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,

Weekly Gas Storage: Inventories decrease by 3 Bcf

November 21, 2024

Natural Gas Inventories as of November 15, 2024 The EIA has released its natural gas inventory report, showing a net decrease of 3 Bcf as of November 15, 2024. Working gas in storage was 3,969 Bcf as of Friday, November 15, 2024, according to EIA estimates. This represents a net decrease of 3 Bcf from the previous week. Stocks were

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