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Iran’s Crude Oil Production Could Help Crude Oil Bulls
The EIA estimates that Iran’s crude oil production was flat at 3.8 MMbpd (million barrels per day) in March 2017—compared to February 2017.
Is this Summer a Good Time to Invest in Energy?
So far this year, the S&P 500 energy sector has struggled mightily, down 12% versus an almost 9.5% gain in the S&P500 this year.
Will US Crude Oil Futures Surpass their 200-Day Moving Average?
Let’s track some important events for oil and gas traders from August 14 to 18, 2017.
Traders Focus on the API and EIA’s Crude Oil Inventories
On May 16, 2017, the API released its weekly crude oil inventory report. US crude oil inventories rose by 0.8 MMbbls (million barrels) on May 5–12, 2017.
Crude Prices Fell Again Due to Long-Term Oversupply Concerns
NYMEX-traded WTI crude oil futures for March delivery fell and closed at $29.64 per barrel on February 19. Oil prices fell due to long-term oversupply concerns.
Will Saudi Arabia Remove Excess Oil from the Market?
Saudi Arabia is expected to cut exports 10% to North Asian refiners in September 2017 due to OPEC’s production cut deal.
US Crude Oil and Gasoline Futures Moved Together
June gasoline futures contracts rose 1.3% to $1.53 per gallon on May 3, 2017. Prices rose due to the less-than-expected rise in US gasoline inventories.
Crude Oil Prices Follow a Long-Term Trend, Could Hit $25 per Barrel
Crude oil prices have fallen almost 29% in 2016. Prices have fallen to 12-year lows. They’re following a long-term bearish trend.
Why Investors Are Tracking US Gasoline Demand
The EIA (U.S. Energy Information Administration) estimated that four-week average US gasoline demand fell by 80,000 bpd to 9,237,000 bpd on April 14–21.
Could Major Oil Producers’ Production Cut Extend to 2H17?
Crude oil prices rose between November 15 and December 28, 2016, due to the expectation that major oil producers’ production cuts would curb oversupply.
Will US Crude Oil Futures Rise above $50 per Barrel This week?
September US crude oil prices are on a rollercoaster ride in 2017 due to bullish and bearish drivers. US crude oil prices are near a two-month high.
Cushing Crude Oil Inventories’ Record Highs: Impact on Oil
Market surveys estimate that Cushing crude oil inventories fell from February 10 to 17, 2017. A fall in crude oil inventories at Cushing could support US crude oil prices.
Near-Record US Crude Oil Inventory: Will Oil Blood Bath Continue?
June WTI crude oil futures contracts fell 0.40% and were trading at $48.68 per barrel in electronic trade at 2:35 AM EST on May 2, 2017.
US Distillate Inventories Fell for the Fourth Consecutive Week
The EIA reported that US distillate inventories fell by 2.7 MMbbls (million barrels) to 161.5 MMbbls between February 24, 2017, and March 3, 2017.
Why Are Analysts Bullish on Crude Oil Prices in 2017?
Implementation of Donald Trump’s proposed energy policies, the strengthening dollar, and rising US crude oil rigs could pressure crude oil prices in 2017.
US Crude Oil Production Hit a 10-Month High: What’s Next?
The EIA (U.S. Energy Information Administration) reported that US crude oil production rose by 24,000 bpd (barrels per day) to 9,001,000 bpd between February 10 and February 17, 2017.
EIA and IEA Expect US Crude Oil Production to Rise in 2017
The EIA estimates that US crude oil production will rise by 110,000 bpd to 9,000,000 bpd in 2017—compared to 2016.
Gasoline Futures Fell from 20-Month Highs
Gasoline futures contracts for May delivery fell 3% to $1.65 per gallon on April 19, 2017. Prices fell due to the surprise build in US gasoline inventories.
Will Saudi Arabia’s Crude Oil Export Plans Rescue Oil Prices?
Saudi Arabia is the largest crude oil producer and exporter among the OPEC (Organization of the Petroleum Exporting Countries) member countries.
US Crude Oil Production Is near August 2015 High
The EIA (U.S. Energy Information Administration) reported that US crude oil production rose by 13,000 bpd (barrels per day) to 9,265,000 bpd on April 14–21.
Will Gasoline Inventories Help Crude Oil Prices Recover?
The API estimated that US gasoline inventories fell by 1.1 MMbbls from March 17–24, 2017. US distillate inventories fell by 2 MMbbls during the same period.
Why Are WTI and Brent Crude Prices Moving in Opposite Directions?
March WTI crude oil futures contracts rose 0.36% and settled at $30.8 per barrel on February 18, 2016. Brent fell 0.64% and closed at $34.3 per barrel.
US Gasoline Demand: Bullish or Bearish for Oil Prices?
The EIA (U.S. Energy Information Administration) estimated that four-week average US gasoline demand rose by 6,000 bpd to 9,317,000 bpd on April 7–14.
Will Saudi Arabia’s Production and Exports Support Crude Oil Futures?
The EIA (U.S. Energy Information Administration) estimates that Saudi Arabia’s crude oil production rose by 50,000 bpd (barrels per day) to 10.20 MMbpd (million barrels per day) in July 2017 compared to the previous month.
Cushing Inventories: Lowest Level since November 2016
Cushing inventories could have fallen on June 30–July 7, 2017. Crude oil inventories at Cushing have fallen for the seventh straight week.
US Crude Oil Production Fell for the First Time since February
US crude oil production fell by 9,000 bpd to 9,305,000 bpd on May 5–12, 2017. Production fell 0.1% week-over-week, but rose 5.8% year-over-year.
OECD’s Oil Inventories Reached an All-Time High
OECD’s oil inventories are at the highest level ever. Record oil inventories are bearish for crude oil (PXI) (ERX) (DIG) (USL) (IXC) prices.
US Gasoline Inventories Fell for the Seventh Straight Week
US gasoline inventories hit 259.1 MMbbls for the week ending February 10, 2017—the highest level ever. Inventories are 8% below their all-time high.
Are Russian ETFs Outperforming the Emerging Market Index in 2017?
Russia’s market performance has been affected by geopolitical crisis in Ukraine and Syria since 2014.
Will the Energy Sector Suffer Further amid Trade War Concerns?
After oil ran up in early July to over $75 per barrel, it has been heading straight down since then (below $65 as of the writing of this article).
Could Energy Continue Its Wild Ride in 2018?
From the presidential election in November 2016 through August 2017, the energy sector saw its worst time.
Should Energy Stocks Go in Your Back-to-School Shopping Basket?
The energy sector, as tracked by the Energy Select Sector SPDR Fund (XLE), has lost ~17.0% year-to-date as of August 31.
How Did Markets Fare in the Summer of 2017?
Summer months have a tendency to be unfavorable for the stock market. Empirical evidence has shown that average returns for the S&P 500 are negative during summer months.
OPEC’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.
Cushing Inventories: Bullish or Bearish for Crude Oil Prices?
A market survey estimates that Cushing crude oil inventories has risen between September 8 and September 15.
What 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.
US Gasoline Futures Hit 2-Year High despite Inventory Rise
US gasoline inventories The U.S. Energy Information Administration reported that US gasoline inventories rose 35,000 barrels to 229.9 MMbbls (million barrels) between August 18 and 25, 2017. Inventories fell 2.1 MMbbls, or 0.9%, from the same period in 2016. For the third time in five weeks, inventories rose. A market survey estimated that US gasoline […]
Who’s Shorting COP: Reading the Short Interest in ConocoPhillips’s Stock
Short interest in COP On August 14, 2017, ConocoPhillips’s (COP) total shares shorted (or short interest) stood at ~33.4 million, while its average daily volume was ~8.02 million. This means the short interest ratio for COP’s stock was ~4.6x. COP’s average daily volume is calculated for the short interest reporting period from August 1, 2017, […]
Analyzing the Short Interest in Southwestern Energy Stock
As of August 14, Southwestern Energy’s total shares shorted (or short interest) stood at ~45.89 million, while its average daily volume is ~17.44 million.
Short Interest in Marathon Oil Stock Remains at Lower Levels
As of August 14, 2017, Marathon Oil’s total shares shorted (or short interest) stood at ~36.65 million, while its average daily volume is ~15.94 million.
How India’s Crude Oil Imports, Production, Demand Impact Prices
India’s Petroleum Planning and Analysis Cell estimated that the country’s crude oil imports rose 0.60% to 4.2 MMbpd in July 2017 from July 2016.
Analyzing the Short Interest in ConocoPhillips Stock
As of July 31, 2017, ConocoPhillips’s (COP) total shares shorted (or short interest) was ~31.6 million, and its average daily volume was ~8.0 million.
Analyzing Short Interest in Denbury Resources Stock
Denbury Resources’ short interest ratio has a 52-week high of ~12.3x and a 52-week low of 5.8x.
What’s the Short Interest in Southwestern Energy Stock?
As of July 14, 2017, Southwestern Energy’s (SWN) total shares shorted (or short interest) stood at ~49.5 million, whereas its average daily volume was ~18.4 million.
Analyzing Short Interest in Cobalt International Energy’s Stock
As of July 14, 2017, Cobalt International Energy’s (CIE) total shares shorted (or short interest) was 4.37 million, whereas its average daily volume is 1.03 million.
US Gasoline Inventories Limit the Upside for Crude Oil Futures
US gasoline inventories rose by 3.4 MMbbls to 231.1 MMbbls on July 28–August 4, 2017. Inventories rose for the third time in the last ten weeks.
Analyzing Short Interest in Occidental Petroleum Stock
On July 14, 2017, Occidental Petroleum’s (OXY) total shares shorted (or short interest) stood at ~10.9 million, and its average daily volume was ~4.8 million.
Chart of the Week: What’s the Short Interest in Devon Energy?
As of July 14, 2017, short interest in Devon Energy (DVN) is ~11.3 million shares, while its average daily volume is ~6.2 million shares.
Short Interest in Devon Energy Stock
As of July 14, 2017, Devon Energy’s (DVN) short interest stood at ~11.31 million, while its average daily volume is ~6.21 million.
US Gasoline Inventories Fell, Supported Gasoline Oil Prices
The EIA reported that US gasoline inventories fell 1.1% or by 2.5 MMbbls (million barrels) to 227.7 MMbbls on July 21–28, 2017.
Analyzing Short Interest Trends in ConocoPhillips’s Stock
As of July 14, 2017, ConocoPhillips’s (COP) total shares shorted (or short interest) stood at ~31.48 million, whereas its average daily volume is ~5.91 million.
Why US Gasoline Demand Rose for 2nd Consecutive Month
The EIA (US Energy Information Administration) estimates that US gasoline demand rose 1.5% to 9.6 MMbpd (million barrels per day) in May 2017 compared to May 2016.
What’s the Short Interest in Marathon Oil Stock?
As of July 14, 2017, Marathon Oil’s (MRO) total shares shorted (or short interest) stood at ~51.8 million.
Analyzing Short Interest in Devon Energy Stock
As of June 30, 2017, Devon Energy’s (DVN) total shares shorted (or short interest) stood at ~10.4 million, whereas its average daily volume was ~5.9 million.
Will US Crude Oil Production Slow Down in 2018?
The EIA reported that US crude oil production fell by 19,000 bpd (barrels per day) to 9,410,000 bpd on July 14–21, 2017.
US Gasoline Inventories Drive Gasoline and Crude Oil Prices
The EIA reported that US gasoline inventories fell by 4.4 MMbbls (million barrels) to 231.2 MMbbls on July 7–14, 2017.
Analyzing Short Interest in ConocoPhillips Stock
On March 31, 2017, 1,282 13F filers held ConocoPhillips (COP) stock in their portfolios. However, only 19 filers featured COP in their top ten holdings.
Encana’s Short Interest and 13F Filer Statistics
Short interest in Encana’s stock As of July 15, 2017, Encana’s (ECA) short interest stood at ~15.3 million, which was ~13% lower than a month prior. The short interest ratio in Encana’s stock is ~1.4. Its 52-week short interest ratio range is 0.7x–2.0x. The current short interest in Encana’s stock as a percentage of shares outstanding is […]
Will US Gasoline Demand Hit a Record This Summer?
The EIA (U.S. Energy Information Administration) estimates that weekly US gasoline demand rose by 167,000 bpd to 9,705,000 bpd on June 23–30, 2017.
Analyzing Hedge Funds’ Net Long Position on US Crude Oil
Hedge funds increased their net long positions in US crude oil futures and options by 16,345 contracts to 149,951 contracts on June 27–July 4, 2017.
US Distillate Inventories Fell for the Second Straight Week
The EIA reported that US distillate inventories fell by 1.8 MMbbls (million barrels) or 1.2% to 150.4 MMbbls on June 23–30, 2017.
What to Expect from Natural Gas this Summer
So what are the returns for natural gas in the summer? Again, these numbers look pretty bleak until late summer.
Interesting Options for Summer Investments
Summer is finally here after only nine months of waiting. Now might be a good time to look at investments that have to do with the summer months.
How Long Can US Gasoline Inventories Support Crude Oil Bulls?
The EIA (U.S. Energy Information Administration) reported that US gasoline inventories fell by 0.1 MMbbls to 241 MMbbls on June 16–23, 2017.
US Gasoline Demand: Positive or Negative for Crude Oil?
The EIA (U.S. Energy Information Administration) estimates that weekly US gasoline demand rose by 547,000 bpd or 6% to 9,816,000 bpd on June 9–16, 2017.
Cushing Inventories Fell for the Ninth Time in 10 Weeks
The EIA (U.S. Energy Information Administration) will release weekly data on crude oil and gasoline inventories on June 28, 2017.
Cushing Crude Oil Inventories Fell Again
A recent survey estimated that inventories at Cushing could have fallen on June 2–9, 2017. Inventories at Cushing fell for the seventh time in ten weeks.
US Gasoline Consumption Rose in May
The EIA estimates that US gasoline consumption averaged 9,600,000 bpd (barrels per day) in May 2017—0.16 MMbpd higher than the same period in 2016.
US Gasoline Demand Could Hit a Peak This Summer
The EIA estimated that four-week average US gasoline demand rose by 124,000 bpd (barrels per day) to 9,430,000 bpd on May 12–19, 2017.
Cobalt International Energy Stock: Analyzing Short Interest
As of May 15, 2017, the short interest ratio in Cobalt International Energy’s (CIE) stock is ~9.1x.
Will the Energy Sector Lag in Summer Months?
2016 proved fruitful for the energy sector (XLE) with an improvement in oil prices (USO) (USL).
OECD’s Crude Oil Inventories Impact Crude Oil Futures
The EIA estimates that OECD’s crude oil inventories fell by 7.69 MMbbls (million barrels) to 2,977 MMbbls in March 2017—compared to the previous month.
US Gasoline Inventories Fell for 8th Straight Week
The EIA (U.S. Energy Information Administration) reported that US gasoline inventories fell 2.9 MMbbls (million barrels) to 236.1 MMbbls between March 31, 2017, and April 7, 2017.
Analyzing Short Interest in Cobalt International Energy Stock
As of March 23, 2017, Cobalt International Energy’s (CIE) total shares shorted (or short interest) was ~66.3 million. Its average daily volume was ~9.4 million.
How Trump’s Proposed Policies Have Caused Sector Divergence
Despite the stellar run that financials (FAS) have had since the US elections in November 2016, financials are trading at very reasonable levels.
Short Interest in Devon Energy Stock: How It’s Evolving in 2017
As of March 15, 2017, Devon Energy’s (DVN) short interest stood at ~7.95 million, while its average daily volume is ~4.73 million.
What Short Interest in ConocoPhillips Stock Indicates
As of March 15, 2017, ConocoPhillips’s (COP) total shares shorted (or short interest) stood at ~15.9 million, whereas its average daily volume was ~7.7 million.
Reviewing Short Interest in Marathon Oil Stock
As of March 15, 2017, Marathon Oil’s (MRO) short interest stood at ~46.02 million, while its average daily volume is ~14.8 million.
How Short Interest in Encana Stock Is Evolving
On February 28, 2017, Encana’s (ECA) short interest stood at ~18.2 million, and its average daily volume was ~11.4 million. The short interest ratio for ECA stock is ~1.6x.
How ConocoPhillips Stock Performed Last Week
Last week, ConocoPhillips (COP) stock underperformed crude oil prices. The stock rose marginally from $45.67 to $45.69.
Short Interest: Is Marathon Oil Gearing Up for a Rally?
On February 28, 2017, Marathon Oil’s (MRO) total shares shorted stood at ~43.1 million, whereas its average daily volume was ~11.6 million.
Analyzing Short Interest in Marathon Oil’s Stock
On January 31, 2017, Marathon Oil’s (MRO) total shares shorted, or its short interest, stood at ~45.3 million. Its average daily volume was ~8.9 million on the same day.
Short Interest in ConocoPhillips Stock in Consolidation Phase
As of January 31, 2017, ConocoPhillips’s (COP) total shares shorted (or short interest) stood at ~14.3 million. Its average daily volume was ~6.0 million.
Behind Marathon Oil’s Enterprise Multiple
As of 3Q16, MRO’s EV-to-normalized-EBITDA ratio came in around 27.4x, which was higher than its two-year average EV-to-normalized EBITDA ratio of ~15.4x.
What’s the Short Interest in Encana’s Stock?
As of January 13, 2017, Encana’s (ECA) total shares shorted (or short interest) stood at ~21.0 million, whereas its average daily volume is ~10.6 million.
What’s the Short Interest in Southwestern Energy’s Stock?
As of January 13, 2017, Southwestern Energy’s (SWN) total shares shorted (or short interest) stood at ~53.1 million, whereas its average daily volume is ~14.7 million.
Short Sellers Appear Indifferent to ConocoPhillips Stock
As of December 30, 2016, ConocoPhillips’s (COP) total shares shorted (or short interest) stood at ~14.5 million, whereas its average daily volume is ~4.7 million.
Is ConocoPhillips an Expensive Stock?
COP’s EV-to-adjusted EBITDA ratio has been increasing quickly since 1Q15 mainly due to the steep fall in adjusted EBITDA.
Analyzing Short Interest in Occidental Petroleum Stock
On December 30, 2016, Occidental Petroleum’s (OXY) total shares shorted (or short interest) stood at ~12.4 million, whereas its average daily volume was ~3.3 million.
What’s the Outlook for Oil and Energy in 2017?
Despite skepticism about the efficacy of OPEC’s agreement, we think that oil (USO) (UCO) is set to rise in the medium term.
Cushing Crude Oil Stocks Could Put Pressure on Crude Oil Prices
Data intelligence company Genscape stated that Cushing crude oil stocks rose by 1.5 MMbbls (million barrels) for the week ending April 22, 2016.
API Crude Oil Stocks Suggest Crude Oil Prices Could Feel the Heat
The API reported that US crude oil inventory fell by 1.1 MMbbls between April 15 and April 22. Cushing crude inventories rose 1.9 MMbbls in the same period.
Why Did WTI Crude Oil Prices Rise Almost 6%?
US benchmark WTI (West Texas Intermediate) crude oil futures contracts for April delivery rose by 5.8% and closed at $38.46 per barrel on March 16, 2016.
Iran’s Production and Election Impact the Crude Oil Market and Prices
The latest survey from Bloomberg suggests that Iran’s crude oil production rose by 140,000 barrels per day to 3 MMbpd in February 2016.
Bottom Fishing Could Lead to a Natural Gas Price Rally
US natural gas prices are trading close to 16-year lows. Prices fell for the third consecutive day, and they’re following the long-term bearish trend.
