Energy Calendar for the Crude Oil and Natural Gas Market

Let’s take a look at some important events for the energy sector this week:

Tuesday, August 30: 

• API’s (American Petroleum Institute) crude oil inventory report

Wednesday, August 31:

• EIA’s (U.S. Energy Information Administration) Weekly Petroleum Status Report. For information on the last report, read US Crude Oil Inventories Pressured Prices to Nearly 2-Month Lows.
• EIA’s “This Week in Petroleum” report

Thursday, September 1: 

• EIA’s Weekly Natural Gas Storage Report. Read How Do US Natural Gas Inventories Impact Natural Gas Prices? for information about the last report.
• EIA’s Natural Gas Weekly Update

Friday, September 2:

• Baker Hughes’s US crude oil rig count—see Part 6 of this series for more information
• Baker Hughes’s US natural gas rig count

All of these events influence crude oil prices. The rollercoaster ride in crude oil prices impacts oil and gas producers’ earnings such as Northern Oil & Gas (NOG), Swift Energy (SFY), Synergy Resources (SYRG), and Triangle Petroleum (TPLM). These factors also impact funds such as the iShares Global Energy (IXC), the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), the United States Oil ETF (USO), the ProShares Ultra Bloomberg Crude Oil (UCO), the Energy Select Sector SPDR (XLE), and the iShares US Oil Equipment & Services ETF (IEZ).

In the next part, we’ll take a look at the crude oil market’s peaks and lows in 2016. Let’s start with US crude oil prices during early morning trade on August 29, 2016.