Bill Barrett Corporation
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Energy & UtilitiesCushing Inventories Rise for the First Time in 12 Weeks
Cushing is the largest crude oil storage hub in the United States. A market survey estimates that Cushing inventories fell from August 4 to August 11. Macroeconomic AnalysisUncertain Times for the Crude Oil Market: Neutral Doji Pattern
June WTI crude oil futures showed the neutral doji pattern on May 9. Oil prices are swinging due to the frequent change in supply and demand dynamics. MiscellaneousGeopolitical Tension Could Drive Brent and US Crude Oil Futures
Brent crude oil futures fell 0.7% to $49.61 per barrel on July 4, 2017. August WTI crude oil (XLE) (XOP) (PXI) futures contracts rose in electronic trading. Energy & UtilitiesGlobal Crude Oil Supply Outages Near 5-Year Low
The US Energy Information Administration estimates that global crude oil supply outages fell by 247,000 bpd (barrels per day) to 2.0 MMbpd (million barrels per day) in June 2017. Energy & UtilitiesUS Crude Oil Imports from Saudi Arabia Hit a 7-Year Low
US crude oil imports have fallen 4.5% YTD. US crude oil imports from Saudi Arabia are at a seven-year low at 524,000 bpd for the week ending July 14, 2017. Energy & UtilitiesDistillate Inventories: More Bullish News for Oil
The US Energy Information Administration (or EIA) released its weekly crude oil and gasoline inventory report on September 20, 2017. Energy & UtilitiesUS Distillate Inventories Fell for the Fourth Straight Week
The EIA (U.S. Energy Information Administration) reported that US distillate inventories fell by 1.72 MMbbls to 147.7 MMbbls on July 28–August 4, 2017. Energy & UtilitiesCushing Inventories Fell 33% from the Peak
Analysts expect that Cushing crude oil inventories could have declined on January 5–12, 2018. A fall in Cushing inventories is bullish for oil prices. Energy & UtilitiesHow Record US Crude Oil Exports Are Impacting Crude Oil Inventories and Prices
On September 27, the EIA released its weekly report, estimating that US crude oil inventories fell to 470.9 MMbbls from September 15–22, 2017. Energy & UtilitiesCushing Crude Oil Inventories Rose for the Fourth Week
Cushing crude oil inventories rose on September 15–22, 2017. A rise in Cushing crude oil inventories is bearish for crude oil (UWT) (DWT) (USO) prices. Energy & UtilitiesOPEC’s Crude Oil Production and Exports Impact Crude Oil Prices
The EIA estimates that OPEC’s crude oil production fell by 150,000 bpd to 32.77 MMbpd (million barrels per day) in August 2017—compared to July 2017. Energy & UtilitiesWhat to Watch: This Week’s Key Crude Oil Price Drivers
Let’s track some important events for crude oil and natural gas traders from September 11 to 15, 2017. Energy & UtilitiesWhat to Expect from US Gasoline Demand
The EIA (U.S. Energy Information Administration) estimates that weekly US gasoline demand fell by 45,000 bpd (barrels per day), or 0.45%, to 9,797,000 bpd between July 28 and August 4, 2017. MiscellaneousNear Record US Gasoline Demand: Are the Bulls Taking Control?
The EIA estimates that the four-week average for US gasoline demand rose 129,000 bpd (barrels per day) to 9.7 MMbpd (million barrels per day) from July 7 to 14, 2017. Macroeconomic AnalysisAMLP Fell: Did It Outperform Other Energy ETFs?
The Alerian MLP ETF (AMLP) outperformed other energy ETFs from June 9–16, 2016. Falling crude oil has less of an impact on midstream companies. Macroeconomic AnalysisWhy Did Crude Oil Prices Diverge before OPEC’s Meeting?
July WTI (West Texas Intermediate) crude oil futures contracts trading in NYMEX fell by 0.47% and settled at $49.1 per barrel on Tuesday, May 31, 2016.