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  • uploads///Major producers June
    Energy & Utilities

    Iraq Could Extend the Output Cut Deal to December 2018

    On September 19, 2017, Iraq’s oil minister indicated that major producers’ output cut deal would be extended beyond March 2018.

    By Gordon Kristopher
  • uploads///Major producers June
    Miscellaneous

    Crude Oil Futures and Wall Street Move in Tandem

    November WTI (West Texas Intermediate) crude oil futures contracts rose 2.7% and closed at $50.92 per barrel on Tuesday, October 10, 2017.

    By Gordon Kristopher
  • uploads///supply outage
    Energy & Utilities

    Global Crude Oil Supply Outages Are near a 6-Year Low

    Global crude oil supply outages are near the six-year low. Any fall in the crude oil supply outage could increase the supplies and pressure oil prices.

    By Gordon Kristopher
  • uploads///Distillate inventories
    Energy & Utilities

    US Distillate Inventories Rose for the Sixth Time in 7 Weeks

    US distillate inventories increased for the sixth time in the last seven weeks. The inventories rose ~11% in the last seven weeks.

    By Gordon Kristopher
  • uploads///Crude oil rigs
    Energy & Utilities

    US Crude Oil Rigs: Biggest Monthly Fall since May 2016

    Baker Hughes released its weekly US oil rig count report on October 27, 2017. It reported that US oil rigs rose by one to 737 on October 20–27, 2017.

    By Gordon Kristopher
  • uploads///US crude oil inventories
    Energy & Utilities

    Oil Prices Fall despite the Draw in US Crude Oil Inventories

    The EIA estimated that US crude oil inventories fell by 3.4 MMbbls (million barrels) to 453.7 MMbbls on November 17–24, 2017.

    By Gordon Kristopher
  • uploads///COP WU Correlation
    Energy & Utilities

    Did Crude Oil Prices Move ConocoPhillips’s Stock Last Week?

    ConocoPhillips’s (COP) stock price rose more than 4% in the week ended February 23. Crude oil and natural gas prices each rose ~3%.

    By Nicholas Chapman
  • uploads///supply and demand
    Miscellaneous

    Is Global Oil Demand Key to Crude Oil Bulls?

    The EIA estimates that global oil demand could average 100.1 MMbpd in 2018. Global oil demand could increase to 101.75 MMbpd in 2019.

    By Gordon Kristopher
  • uploads///NG rigs
    Energy & Utilities

    OPEC Could Pressure US Natural Gas Prices in 2018

    US natural gas rigs rose 35% in the last 12 months, while US natural gas prices (UNG) fell 20% during this period.

    By Gordon Kristopher
  • uploads///Oct
    Miscellaneous

    US and Brent Crude Oil Prices Could Trade below $60 per Barrel

    Hedge funds increased their net bullish positions in US crude oil futures and options by 15,801 contracts or 7.2% to 234,878 contracts on October 17–24.

    By Gordon Kristopher
  • uploads///Major producers June
    Miscellaneous

    Will OPEC and Wall Street Help Crude Oil Futures?

    December WTI (or West Texas Intermediate) crude oil (DWT) (USO) futures contracts rose 0.6% and settled at $51.84 per barrel on October 20, 2017.

    By Gordon Kristopher
  • uploads///Monthly US crude oil production
    Energy & Utilities

    US Crude Oil Production: Will It Cap Oil Prices in 2018?

    US crude oil production rose by 1,101,000 bpd (barrels per day) to 9,507,000 bpd on October 13–20, 2017. Production has risen by 1,003,000 bpd or 11.8% YoY.

    By Gordon Kristopher
  • uploads///Crude oil rig
    Energy & Utilities

    Why the US Crude Oil Rig Count Is Slowing

    Baker Hughes reported that the US crude oil rig count fell by five to 744 on September 15–22, 2017. Rigs fell for the third straight week.

    By Gordon Kristopher
  • uploads///Major producers June
    Miscellaneous

    OPEC Could Extend Crude Oil Production Cuts beyond 2018

    March US crude oil futures contracts fell 0.9% to $65.56 per barrel on January 29, 2018. Brent oil futures fell 1.5% to $69.46 per barrel on the same day.

    By Gordon Kristopher
  • uploads///CUSH
    Energy & Utilities

    Cushing Inventories Are Near 13-Week Low: Good News for Oil Bulls

    Wall Street analysts anticipate that crude oil inventories at Cushing would fall between November 24, 2017, and December 1, 2017.

    By Gordon Kristopher
  • uploads///Sept
    Energy & Utilities

    Will Brent and US Crude Oil Prices Rise in 2018?

    November US crude oil (DWT)(UWT)(USO) futures are above their 20-day, 50-day, and 100-day moving averages at $49.25, $48.77, and $48.11 per barrel as of September 25.

    By Gordon Kristopher
  • uploads///US distillate
    Energy & Utilities

    US Distillate Inventories Rose for the Eighth Time in 10 Weeks

    US distillate inventories rose by 0.64 MMbbls (million barrels) to 139.8 MMbbls on January 12–19, 2018, according to the EIA.

    By Gordon Kristopher
  • uploads///Crude oil supply outage
    Energy & Utilities

    Global Crude Oil Supply Outages Could Push Oil Prices Higher

    According to the EIA, global crude oil supply outages increased by 208,000 bpd or 14% to 1,738,000 bpd in December 2017—compared to November 2017.

    By Gordon Kristopher
  • uploads///Oil
    Miscellaneous

    Will Crude Oil Prices Hit a 3-Year High?

    US crude oil (USL) futures tested $58.95 per barrel on November 24, 2017—the highest level since June 2015.

    By Gordon Kristopher
  • uploads///US crude oil production
    Energy & Utilities

    Traders Track US Crude Oil Production and Exports

    US crude oil production rose by 290,000 bpd (barrels per day) or 3.1% to 9,481,000 bpd in September 2017—compared to the previous month.

    By Gordon Kristopher
  • uploads///Inventory and price
    Energy & Utilities

    Will the US Dollar and Inventories Impact Crude Oil Futures?

    March US crude oil (DBO) (UWT) futures contracts increased 1.8% to $65.61 per barrel on January 24, 2018.

    By Gordon Kristopher
  • uploads///Crude oil
    Energy & Utilities

    What Are the Key Resistance Levels for Crude Oil Futures?

    March US crude oil futures were above their 100-day, 50-day, and 20-day moving averages on January 26, 2018—more bullish momentum for oil prices.

    By Gordon Kristopher
  • uploads///Distillate
    Energy & Utilities

    Are US Distillate Inventories Bearish for Oil Prices?

    US distillate inventories rose by 1,667,000 barrels or 1.3% to 129.4 MMbbls (million barrels) on November 24–December 1, 2017.

    By Gordon Kristopher
  • uploads///Iran crude oil production
    Miscellaneous

    Will Crude Oil Futures and S&P 500 Move in the Same Direction?

    February US crude oil (UWT) (USL) futures contracts rose 0.5% to $61.73 per barrel on January 8. Prices are near the highest level since December 2014.

    By Gordon Kristopher
  • uploads///Saudi Arabia
    Energy & Utilities

    Will Saudi Arabia Extend the Output Cut Deal?

    A Reuters survey estimates that Saudi Arabia’s crude oil production fell by 40,000 bpd to 9.98 MMbpd in August 2017—compared to the previous month.

    By Gordon Kristopher
  • uploads///Major producers June
    Energy & Utilities

    OPEC’s Plan for a Production Cut Exit Strategy

    OPEC’s crude oil production was steady at 32.47 MMbpd (million barrels per day) in December 2017, according to a Bloomberg survey.

    By Gordon Kristopher
  • uploads///Major producers June
    Energy & Utilities

    Will Russia and OPEC Help Crude Oil Bears?

    December US crude oil (UWT) (DWT) (OIL) futures contracts rose 0.11% to $55.39 per barrel in electronic trading at 1:20 AM EST on November 16, 2017.

    By Gordon Kristopher
  • uploads///Rigs
    Energy & Utilities

    Why US Natural Gas Traders Are Tracking OPEC’s Production

    Baker Hughes, a GE company, released its weekly US natural gas rigs report on January 19, 2018. Natural gas rigs increased by two to 189 on January 12–19.

    By Gordon Kristopher
  • uploads///Oil prices
    Miscellaneous

    Will Crude Oil Futures Rise or Fall This Week?

    WTI crude oil (SCO) futures settled at $64.30 per barrel on January 12, 2018—the highest level since December 2014.

    By Gordon Kristopher
  • uploads///Distillate
    Energy & Utilities

    US Distillate Inventories Are near a 3-Year Low

    US distillate inventories fell by 302,000 barrels to 128.9 MMbbls (million barrels) on October 20–27, 2017. It’s the lowest level since April 10, 2015.

    By Gordon Kristopher
  • uploads///Gasoline
    Miscellaneous

    Gasoline Inventories Could Cap the Upside for Oil Prices

    On January 23, 2018, the API released its crude oil inventory report. US gasoline inventories increased by 4.1 MMbbls on January 12–19, 2018.

    By Gordon Kristopher
  • uploads///Distillates
    Miscellaneous

    US Distillate Inventories Fell for the Third Time in 10 Weeks

    US distillate inventories fell by 3.8 MMbbls or 2.7% to 139.2 MMbbls on January 5–12, 2018. The inventories fell by 29.9 MMbbls or 18% from a year ago.

    By Gordon Kristopher
  • uploads///distillate inventory
    Energy & Utilities

    US Distillate Inventories Are at 32-Month Low

    The EIA reported that US distillate inventories fell by 3,359,000 barrels to 125.5 MMbbls (million barrels) or 2.6% between October 27, 2017, and November 3, 2017.

    By Gordon Kristopher
  • uploads///Price forecast dec
    Miscellaneous

    Crude Oil Prices Could End 2017 on a High Note

    A Reuters poll estimated that WTI crude oil (USL) prices could average $54.78 per barrel in 2018 after extending the production cuts.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Crude Oil Futures: Next Important Resistance Level

    WTI crude oil (UCO) futures closed at $62.01 per barrel on January 4, 2018—the highest level since December 2014. WTI prices rose ~12.4% in 2017.

    By Gordon Kristopher
  • uploads///OPEC
    Energy & Utilities

    OPEC’s Crude Oil Production Fell in October

    Reuters estimates that OPEC’s crude oil production fell by 80,000 bpd (barrels per day) to 32,780,000 bpd in October 2017—compared to the previous month.

    By Gordon Kristopher
  • uploads///Crude oil price
    Energy & Utilities

    Refinery Margins and US Oil Production Could Pressure Oil Futures

    The EIA will release its weekly crude oil production data on January 24, 2018. Baker Hughes will release its weekly US crude oil rigs report on January 26.

    By Gordon Kristopher
  • uploads///Oct
    Miscellaneous

    What to Expect from Crude Oil Prices in 2018

    The EIA estimates that US crude oil (USO) (UCO) prices could average $49.7 per barrel in 2017—1.7% higher than the survey in September 2017.

    By Gordon Kristopher
  • uploads///Cushing
    Energy & Utilities

    Cushing Inventories Fell 8 Times in 10 Weeks

    A market survey estimates that Cushing inventories fell between August 18 and August 25, 2017. Cushing inventories fell for the eighth time in ten weeks.

    By Gordon Kristopher
  • uploads///Weekly US crude oil production
    Miscellaneous

    Will US Oil Production Pressure Crude Oil Futures?

    February WTI crude oil futures contracts fell 0.9% to $63.73 per barrel on January 16. Brent oil futures fell 1.6% to $69.15 per barrel on the same day.

    By Gordon Kristopher
  • uploads///Major producers June
    Miscellaneous

    Will Crude Oil Futures and Wall Street Extend Their Rally?

    February WTI crude oil futures contracts rose 0.34% to $64.52 per barrel at 12:05 AM EST on January 16, 2018. It’s the highest level since December 2014.

    By Gordon Kristopher
  • uploads///OECD crude oil inventories
    Energy & Utilities

    US and OECD’s Crude Oil Inventories Could Impact Oil’s Price Rally

    US crude oil inventories decreased by 1.1 MMbbls to 411.6 MMbbls on January 12–19, 2018. They also fell ~12% in 2017.

    By Gordon Kristopher
  • uploads///DXY
    Energy & Utilities

    US Dollar Hit a 3-Year Low: Good News for Crude Oil?

    The US Dollar Index (UUP) fell 0.64% to 90.39 on January 16, 2018—the lowest level since December 2014.

    By Gordon Kristopher
  • uploads///US crude oil production
    Energy & Utilities

    Is US Crude Oil Production near an All-Time High?

    US crude oil production rose by 128,000 bpd (barrels per day) or 1.3% to 9,878,000 bpd on January 12–19, 2018, according to the EIA.

    By Gordon Kristopher
  • uploads///Major producers June
    Miscellaneous

    Strong Demand and Production Cuts Could Impact Crude Oil Futures

    US crude oil futures (DWT) (UCO) contracts for March delivery rose 0.96% to $66.14 per barrel on January 26, 2018.

    By Gordon Kristopher
  • uploads///oil price and inventory
    Miscellaneous

    Crude Oil Futures Continued to Rally, Wall Street Fell

    February WTI crude oil futures contracts also rose 1% to $63.57 per barrel on January 10, 2018. It’s the highest settlement since December 2014.

    By Gordon Kristopher
  • uploads///CUSH
    Energy & Utilities

    Cushing 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.

    By Gordon Kristopher
  • uploads///India oil demand
    Miscellaneous

    India’s Crude Oil Imports Hit a Record in 2017

    India is the world’s third-largest crude oil consumer. Its oil imports hit a record in 2017. India’s crude oil imports rose 1.8% to 4.3 MMbpd in 2017.

    By Gordon Kristopher
  • uploads///US crude oil production
    Energy & Utilities

    OPEC Upgraded US Crude Oil Production Figures for 2018

    According to the EIA, US crude oil production increased by 258,000 bpd (barrels per day) to 9,750,000 bpd on January 5–12, 2018.

    By Gordon Kristopher
  • uploads///SP
    Financials

    S&P 500, Tech Fall as These Investments Win Today

    After opening higher today, the S&P 500 was trading 0.6% lower at 11:47 AM ET. The tech-heavy Nasdaq and industrials-focused Dow were down 0.5% and 1%.

    By Mike Sonnenberg
  • uploads///OPEC production Dec
    Energy & Utilities

    Why OPEC’s Crude Oil Production Rose in January

    A Reuters survey showed that OPEC’s crude oil production increased by 100,000 bpd (barrels per day) to 32.4 MMbpd (million barrels per day) in January 2018.

    By Gordon Kristopher
  • uploads///
    Macroeconomic Analysis

    Analyzing the Possible Impacts of the Iran Deal Exit

    President Trump’s decision to withdraw from the Joint Comprehensive Plan of Action (or JCPOA) could lead to regional conflicts in the Middle East.

    By Ricky Cove
  • uploads///DNR Upstream YTD Q Price
    Energy & Utilities

    Why Denbury Resources Is Outperforming in 2018

    In 2018 so far, Denbury Resources (DNR) is turning out to be the fifth-best-performing energy stock from the US oil and gas production, or upstream, sector.

    By Nicholas Chapman
  • uploads///COP WU Correlation
    Energy & Utilities

    Understanding ConocoPhillips Stock’s Correlation with Crude Oil

    ConocoPhillips’s stock performance As we saw in the previous part of this series, ConocoPhillips’s (COP) stock price rose ~2% in the week ended March 9, while crude oil (UWT) (SCO) (DWT) rose ~1%, suggesting that COP stock followed crude oil. In this part, we’ll try to quantify this correlation between COP stock and crude oil. ConocoPhillips’s stock […]

    By Nicholas Chapman
  • uploads///COP WU Correlation
    Energy & Utilities

    Crude Oil Prices versus ConocoPhillips Stock Last Week

    As we saw in the previous part of this series, ConocoPhillips’s (COP) stock price has fallen significantly, more than 5% for the week ended March 2.

    By Nicholas Chapman
  • uploads///US crude oil inventories
    Energy & Utilities

    US Crude Oil Inventories Limit the Upside for Oil Prices

    The EIA reported that US crude oil inventories increased by 6.8 MMbbls (million barrels) to 418.3 MMbbls on January 19–26, 2018.

    By Gordon Kristopher
  • uploads///oil firecasts jan
    Energy & Utilities

    Hedge Funds Hold Record Net Long Positions in Crude Oil

    Hedge funds’ net long position in WTI crude oil (UCO) futures and options contracts rose 2.9% to 496,111 for the week ending January 23, 2018.

    By Gordon Kristopher
  • uploads///Rigs
    Energy & Utilities

    Are US Crude Oil Rigs Indicating a Slowdown in Oil Production?

    On January 19, 2018, Baker Hughes released its weekly US crude oil rigs report. US crude oil rigs decreased by five to 747 on January 12–19, 2018.

    By Gordon Kristopher
  • uploads///Gasoline
    Miscellaneous

    US Gasoline Inventories: More Pain for Crude Oil Prices?

    US gasoline inventories increased by 3.6 MMbbls (million barrels) or 1.5% to 241 MMbbls on January 5–12, 2018, according to the EIA.

    By Gordon Kristopher
  • uploads///US crude oil inventories
    Energy & Utilities

    Massive Fall in Crude Oil Inventories Pushed Oil Prices Higher

    US crude oil inventories fell by 4.9 MMbbls (million barrels) to 419.5 MMbbls between December 29, 2017, and January 5, 2018.

    By Gordon Kristopher
  • uploads///Rigs
    Energy & Utilities

    Are US Crude Oil Rigs Impacting Crude Oil Prices?

    US crude oil rigs fell by five or 0.7% to 742 between December 29, 2017, and January 5, 2018. The rigs were near an eight-week low.

    By Gordon Kristopher
  • uploads///Gasoline inventories
    Energy & Utilities

    US Gasoline Inventories Could Pressure Crude Oil Prices

    The EIA estimated that US gasoline inventories increased by 4.8 MMbbls (million barrels) or 2.1% to 233.1 MMbbls on December 22–29, 2017.

    By Gordon Kristopher
  • uploads///Gasoline inventories
    Miscellaneous

    Decoding US Gasoline and Distillate Inventories Last Week

    According to the API, US gasoline inventories rose by 1.9 MMbbls (million barrels) on December 22–29, 2017.

    By Gordon Kristopher
  • uploads///Rigs
    Energy & Utilities

    US Crude Oil Rigs Could Impact Crude Oil Prices in 2018

    Baker Hughes released its US crude oil rig count report on December 29. It reported that US crude oil rigs were flat at 747 on December 22–29, 2017.

    By Gordon Kristopher
  • uploads///CUSH
    Energy & Utilities

    Cushing Inventories Could Boost Crude Oil Prices in 2018

    Cushing inventories fell by 1,584,000 barrels to 51.4 MMbbls (million barrels) on December 15–22, 2017, according to the EIA.

    By Gordon Kristopher
  • uploads///Gasoline inventories
    Energy & Utilities

    How US Gasoline and Distillate Inventories Moved Last Week

    February US crude oil (DWT) (UCO) futures contracts rose 0.2% and were trading at $59.7 per barrel at 1:00 AM EST on December 28, 2017.

    By Gordon Kristopher
  • uploads///NG consumption
    Basic Materials

    US Natural Gas Production Could Help Natural Gas Bears

    According to PointLogic, US dry natural gas production rose 0.9% to 76.8 Bcf (billion cubic feet) per day on December 14–20, 2017.

    By Gordon Kristopher
  • uploads///US crude oil production
    Miscellaneous

    Crude Oil Prices: Which Factor Could Change the Trend?

    The EIA estimated that US crude oil production rose by 9,000 bpd (barrels per day) to 9,789,000 bpd on December 8–15, 2017.

    By Gordon Kristopher
  • uploads///Oil forecast Dec
    Miscellaneous

    Are Crude Oil Prices Losing Bullish Momentum?

    Record US crude oil production is limiting the upside for crude oil prices. US oil prices fell ~3% from the high in November 2017.

    By Gordon Kristopher
  • uploads///OIl and price inventory
    Miscellaneous

    Will US Crude Oil Inventories Push Crude Oil Prices Higher?

    US crude oil inventories fell 17.3% from their peak. So far, they have fallen 8.3% in 2017. Similarly, oil (DWT) (UCO) prices have risen ~9% in 2017.

    By Gordon Kristopher
  • uploads///DXY
    Energy & Utilities

    Will the US Dollar Cap the Upside for Crude Oil Futures?

    The US Dollar Index rose 0.4% to 93.9 on December 15, 2017. It limited the upside for crude oil (UCO) (DBO) prices on December 15, 2017.

    By Gordon Kristopher
  • uploads///Rigs
    Energy & Utilities

    US Crude Oil Rigs Indicate Future US Crude Oil Production

    Baker Hughes released its weekly US crude oil rig report on December 15, 2017. US crude oil rigs fell by four to 747 or 0.5% on December 8–15, 2017.

    By Gordon Kristopher
  • uploads///Big_Debt APC Debt Cash Net Debt
    Company & Industry Overviews

    Why Anadarko Petroleum’s Net Debt Decreased in 2017

    As of September 30, 2017, Anadarko Petroleum’s (APC) total debt stood at ~$15.6 billion. With ~$5.3 billion in cash and cash equivalents, its net debt is ~$10.3 billion at the end of 3Q17.

    By Nicholas Chapman
  • uploads///crude oil inventory
    Miscellaneous

    US Crude Oil Inventories Have Fallen 8.3% in 2017

    US crude oil inventories fell by 5.1 MMbbls (million barrels) to 442.9 MMbbls on December 1–8, 2017, according to the EIA.

    By Gordon Kristopher
  • uploads///Rigs
    Energy & Utilities

    US Crude Oil Rigs: Highest Level since September 2017

    Baker Hughes released its US crude oil rigs report on December 8, 2017. US crude oil rigs rose by two to 751 on December 1–8, 2017.

    By Gordon Kristopher
  • uploads///NG rig
    Energy & Utilities

    Crude Oil Prices Add More Concerns for Gas Rigs and Prices

    Baker Hughes will publish its US natural gas rig count report on December 8, 2017. Gas rigs rose by four to 180 on November 22–December 1, 2017.

    By Gordon Kristopher
  • uploads///US crude oil production
    Energy & Utilities

    Is OPEC Underestimating US Crude Oil Production?

    US crude oil production rose by 25,000 bpd (barrels per day) or 0.3% to 9,707,000 bpd on November 24–December 1, 2017, according to the EIA.

    By Gordon Kristopher
  • uploads///NG rig
    Energy & Utilities

    Production Cut Extension Could Influence US Natural Gas Rigs

    Baker Hughes, a GE company, is scheduled to release its US crude oil and natural gas rig count report on December 1, 2017.

    By Gordon Kristopher
  • uploads///US crude oil exports
    Energy & Utilities

    Improving US Crude Oil Drilling Costs and Oil Exports

    US crude oil exports rose by 462,000 bpd or 41% to 1,591,000 bpd on November 10–17, 2017, according to the EIA.

    By Gordon Kristopher
  • uploads///Major producers June
    Miscellaneous

    How Long Can OPEC Extend the Production Cuts?

    OPEC’s meeting will be held in Vienna on November 30, 2017. Crude oil (BNO) (DBO) (SCO) prices have risen 23% since September 2017.

    By Gordon Kristopher
  • uploads///rigs
    Energy & Utilities

    Oil Prices: US Crude Oil Rigs Could Reverse the Trend

    Baker Hughes estimated that US oil rig counts rose by nine to 747 on November 17–November 22, 2017. The rigs rose 1.2% week-over-week and 57.6% YoY.

    By Gordon Kristopher
  • uploads///US crude oil inventories
    Energy & Utilities

    The Relationship between US Crude Oil Inventories and Oil Prices

    Estimates for US crude oil inventories  The EIA (U.S. Energy Information Administration) released its Weekly Petroleum Status Report on November 22, 2017. It reported that US crude oil inventories fell 1.9 MMbbls (million barrels) to 457.1 MMbbls between November 10 and 17, 2017. Inventories were 31.8 MMbbls (6.5%) lower than in the same period in 2016. The market anticipated […]

    By Gordon Kristopher
  • uploads///Suadi
    Miscellaneous

    Saudi Arabia Could Help the Global Oil Market

    Saudi Arabia’s crude oil exports to the US fell to 525,000 bpd in October 2017—the lowest in 30 years. Exports fell due to ongoing output cuts.

    By Gordon Kristopher
  • uploads///Price forecast Nov
    Miscellaneous

    Hedge Funds’ Net Long Positions on US Crude Oil

    Hedge funds increased their net long positions in US crude oil futures and options by 31,906 contracts to 349,712 contracts on November 7–14, 2017.

    By Gordon Kristopher
  • uploads///DXY
    Energy & Utilities

    US Dollar Could Benefit Crude Oil Futures This Week

    The US Dollar Index fell 0.3% to 94.4 on November 17, 2017. It supported US crude oil (DBO) (SCO) prices on the same day.

    By Gordon Kristopher
  • uploads///NG rig
    Energy & Utilities

    Will US Crude Oil and Gas Rigs Pressure Natural Gas Futures?

    Baker Hughes will publish its US crude oil and natural gas rig count report on November 17, 2017. The rigs were flat at 169 on November 3–10, 2017.

    By Gordon Kristopher
  • uploads///Gasoline
    Energy & Utilities

    US Gasoline Inventories Are above the 5-Year Average

    The EIA estimates that US gasoline inventories rose by 894,000 barrels or 0.4% to 210.4 MMbbls (million barrels) on November 3–10, 2017.

    By Gordon Kristopher
  • uploads///CUSH
    Miscellaneous

    Cushing Inventories: Analyzing Crude Oil Futures’ Rally

    The EIA estimates that Cushing’s crude oil inventories rose by ~720,000 barrels to 64.5 MMbbls (million barrels) on October 27–November 3, 2017.

    By Gordon Kristopher
  • uploads///Major producers June
    Energy & Utilities

    What to Expect from Crude Oil Futures in November

    December US crude oil futures contracts fell 0.25% and were trading at $56.62 per barrel in electronic trading at 1:22 AM EST on November 14, 2017.

    By Gordon Kristopher
  • uploads///NG consumption
    Energy & Utilities

    OPEC’s Meeting Could Help Natural Gas Bears

    PointLogic estimates that US dry natural gas production rose by 0.1 Bcf per day or 0.1% to 75.5 Bcf per day on November 2–8, 2017.

    By Gordon Kristopher
  • uploads///US crude oil production
    Energy & Utilities

    US Crude Oil Production Hit Highest Level since 1983

    The EIA (or US Energy Information Administration) reported that US crude oil production rose by 67,000 bpd (barrels per day) to 9,620,000 bpd between October 27, 2017, and November 3, 2017.

    By Gordon Kristopher
  • uploads///Gasoline demand
    Miscellaneous

    US Gasoline Demand Could Drive Crude Oil Prices Higher

    The EIA estimates that weekly US gasoline demand rose by 147,000 bpd (barrels per day) to 9,461,000 bpd on October 20–27, 2017.

    By Gordon Kristopher
  • uploads///gasoline inventory
    Miscellaneous

    US Gasoline Inventories Fell 18%, Bullish for Crude Oil

    The EIA (U.S. Energy Information Administration) estimates that US gasoline inventories fell by 4,020,000 barrels to 212.8 MMbbls on October 20–27, 2017.

    By Gordon Kristopher
  • uploads///Distillate
    Energy & Utilities

    US Distillate Inventories Fell for the Seventh Time in 8 Weeks

    US diesel futures fell on October 25, 2017, despite the massive fall in distillate inventories. They fell 0.2% to $1.81 per gallon on the same day.

    By Gordon Kristopher
  • uploads///China
    Energy & Utilities

    China’s Crude Oil Imports Are near a Record Level

    China’s General Administration of Customs reported that China’s crude oil imports rose by ~1,000,000 bpd to ~9,000,000 bpd in September 2017.

    By Gordon Kristopher
  • uploads///Gasoline demand
    Energy & Utilities

    US Gasoline Demand Could Fall and Pressure Crude Oil Prices

    The EIA estimates that weekly US gasoline demand fell by 281,000 bpd (barrels per day) to 9.2 MMbpd (million barrels per day) on September 22–29, 2017.

    By Gordon Kristopher
  • uploads///oil prices
    Miscellaneous

    Will Crude Oil Prices Outperform in 4Q17?

    US crude oil prices are near a one-month low. Expectations of a rise in Cushing crude oil inventories and US crude oil production could pressure the prices.

    By Gordon Kristopher
  • uploads///US crude oil inventories
    Energy & Utilities

    Oil Prices Fell despite the Draw in US Crude Oil Inventories

    US crude oil (USL) (DBO) (OIL) prices fell on October 4, 2017, despite the massive draw in US crude oil inventories.

    By Gordon Kristopher
  • uploads///US crude oil production
    Energy & Utilities

    US Crude Oil Production Hit July 2015 High

    US crude oil production is at the highest level since July 2015. US crude oil (UCO) (UWT) prices have fallen 12.5% year-to-date due to high production.

    By Gordon Kristopher
  • uploads///Russia
    Energy & Utilities

    Russia’s Crude Oil Production Was Flat in September 2017

    Russia’s crude oil production was flat at 10.91 MMbpd (million barrels per day) in September 2017—compared to the previous month.

    By Gordon Kristopher
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