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Oil: High Inventories and Weak Demand Don’t Make a Bull Market
“High inventories and weak demand do not make a bull market,” Strategic Energy & Economic Research president Michael Lynch told Bloomberg earlier this week. His words can be seen as the current...
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EIA’s Petroleum Report Didn’t Give the Market What It Wanted
“The market wants to see inventory draws and the evidence that oil is being consumed,” Jonathan Barratt, chief executive officer of the commodity newsletter Barratt’s Bulletin, told Bloomberg ahead of...
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What Does a More Energy Independent U.S. Mean For the World?
The EIA’s weekly petroleum report showed U.S. crude oil refinery inputs falling below their previous week’s numbers at 15.0 million barrels per day, around 220,000 less per day than last week. Gasoline...
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EIA Shows Declining Imports, OPEC to Lose Market Share
The Organization of Petroleum Exporting Countries is learning a hard lesson about what increased energy production from the U.S. means for the world. It released its first set of forecasts for 2014,...
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The U.S. Energy Boom Is Still On
With this week’s Energy Information Administration report released Wednesday, the U.S. energy boom is continuing its upward climb. While petroleum imports ticked up slightly over the last week by...
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EIA: Petroleum Imports Up, Biodiesel Breaks Record
While U.S. oil production and dependence on foreign oil is markedly down from this time last year, the boom has given back a bit, if ever so slightly. This week’s Energy Information Administration...
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U.S. Oil Production Breaks 20-Year High in July
Petroleum imports dipped a bit this past week, but continue to be in something of a summer swoon as the average amount of crude oil imported over the previous four-week period reached 8 million...
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Crude Demand Picks Up, Markets Wait on Fed
This week’s Energy Information Administration data showed a mild surprise, as analysts had expected operating capacity to move downward from the previous report’s 89.6 percent to 89. However,...
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Natural Gas and Crude Oil: Tensions Over Syria Guide Prices
The Energy Information Administration released its weekly report on the status of liquid fuels in the United States, covering the week ended September 6. The report covers natural gas and petroleum...
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Oil Prices Settle as the Dust Clears Over Syria
Today, the Energy Information Administration released its weekly reports on the status of various liquid fuels in the United States, covering the week that ended September 20. The reports cover natural...
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