(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
(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
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,
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
Weekly Crude Oil Storage as of November 15, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.5 million barrels from the previous week. At 430.3 million barrels, U.S. crude oil inventories are 4% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
(Investing) – Oil prices rose Monday as more intense fighting between Russia and Ukraine raised the possibility of a disruption to supplies, although gains have been limited by concerns about fuel demand in China and the potential of a global oil surplus next year. By 09:15 ET (14.15 GMT), the U.S. crude futures traded 1.4% higher at $67.86 a barrel and the Brent contract climbed
(Investing) – Crude prices have traded lower Friday, on course for a negative week, as demand concerns and a stronger US dollar weighed on investor sentiment. But UBS cuts its 2025 Brent forecast, but sees room to recover from current levels. By 07:20 ET (11:20 GMT), the U.S. crude futures (WTI) dropped 1% to $68.03 a barrel, while the Brent contract fell 0.9% to
Weekly Crude Oil Storage as of November 8, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.1 million barrels from the previous week. At 429.7 million barrels, U.S. crude oil inventories are 4% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
Natural Gas Inventories as of November 8, 2024 The EIA has released its natural gas inventory report, showing a net increase of 42 Bcf as of November 8, 2024. Working gas in storage was 3,974 Bcf as of Friday, November 8, 2024, according to EIA estimates. This represents a net increase of 42 Bcf from the previous week. Stocks were
Natural Gas Inventories as of November 1, 2024 The EIA has released its natural gas inventory report, showing a net increase of 69 Bcf as of November 1, 2024. Working gas in storage was 3,932 Bcf as of Friday, November 1, 2024, according to EIA estimates. This represents a net increase of 69 Bcf from the previous week. Stocks were
Weekly Crude Oil Storage as of November 1, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.1 million barrels from the previous week. At 427.7 million barrels, U.S. crude oil inventories are 2% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
Natural Gas Inventories as of October 25, 2024 The EIA has released its natural gas inventory report, showing a net increase of 78 Bcf as of October 25, 2024. Working gas in storage was 3,863 Bcf as of Friday, October 25, 2024, according to EIA estimates. This represents a net increase of 78 Bcf from the previous week. Stocks were
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