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  • uploads///Weaker Dollar Driving Crude OIl
    Miscellaneous

    Can the Fall in the Dollar Boost Crude Oil?

    From June 14–21, 2016, crude oil rose 0.7%, while the US Dollar Index (UUP) fell about 0.96%. The index initially fell after the Fed kept interest rates unchanged on June 15.

    By Rabindra Samanta
  • uploads///non OPEC crude oil production
    Macroeconomic Analysis

    Non-OPEC Crude Oil Production: Will It Impact Oil Prices in 2017?

    Figures from the EIA suggest that non-OPEC crude oil production rose by 350,805 bpd to 44.6 MMbpd in September 2016—compared to the previous month.

    By Gordon Kristopher
  • uploads///us retail gasoline prices
    Macroeconomic Analysis

    US Retail Gasoline Prices Rose for 3rd Time in 14 Weeks

    The EIA (U.S. Energy Information Administration) reported that US retail gasoline prices rose 0.9% week-over-week and settled at $2.24 per gallon for the week ending October 3, 2016.

    By Gordon Kristopher
  • uploads///iran
    Miscellaneous

    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.

    By Gordon Kristopher
  • uploads///image
    Macroeconomic Analysis

    President Trump Could Impact Iran’s Crude Oil Production

    The EIA estimates that Iran’s crude oil production rose by 20,000 bpd (barrels per day) to 3,720,000 bpd in December 2016—compared to the previous month.

    By Gordon Kristopher
  • uploads///image
    Macroeconomic Analysis

    US Crude Oil Imports Impact Inventories

    US crude oil imports fell by 745,000 bpd to 7,405,000 bpd from March 3–10, 2017. Imports fell 9.1% week-over-week and 3.7% year-over-year.

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

    What Will Happen if the Oil Producer Meeting Succeeds?

    October WTI (West Texas Intermediate) crude oil futures contracts were up by 1% to $45.31 per barrel in electronic trade at 5:15 AM EST on September 7, 2016.

    By Gordon Kristopher
  • uploads///part
    Real Insights

    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.

    By Direxion
  • uploads///daaaafcccadd
    Macroeconomic Analysis

    US Dollar Index Fell: How Will It Impact Crude Oil Prices?

    The US Dollar Index fell 0.5% to 98.3 on October 28, 2016. It fell due to political uncertainty in the US. It had risen earlier in the morning on October 28.

    By Gordon Kristopher
  • uploads///us crude oil stocks
    Macroeconomic Analysis

    How Will API’s Crude Oil Inventories Impact Crude Oil Prices?

    Market surveys suggest that US crude oil inventories fell by 825,000 barrels from August 12–19, 2016.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    How the Dollar Is Affecting Oil

    US crude oil (DBO) (USL) (OIIL) July futures rose 5% between May 16 and May 23, 2017.

    By Rabindra Samanta
  • uploads///Crude oil prices
    Energy & Utilities

    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.

    By Gordon Kristopher
  • uploads///gasoline inventories
    Miscellaneous

    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.

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

    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.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Can the US Dollar Limit Oil’s Upside?

    US crude oil futures contracts for May delivery rose 5.5% between March 28, 2017, and April 4, 2017. The US Dollar Index rose 0.9% during that period.

    By Rabindra Samanta
  • uploads///gasoline prices
    Miscellaneous

    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.

    By Gordon Kristopher
  • uploads///supply outage and crude oil prices
    Macroeconomic Analysis

    How Global Crude Oil Supply Outages Impact Crude Oil Prices

    The EIA (U.S. Energy Information Administration) estimates that global crude oil supply outages fell by 408,000 bpd to 2,332,000 bpd in October 2016.

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

    Crude Oil Futures Could Breach Key Resistance of $55 per Barrel

    WTI crude oil (ERX) (ERY) (XES) futures contracts for May delivery rose 0.1% to $52.4 per barrel in electronic trade at 4:45 AM EST on April 19, 2017.

    By Gordon Kristopher
  • uploads///US gasoline demand
    Macroeconomic Analysis

    Why US Gasoline Demand Is Important for Crude Oil Prices

    The EIA reported that the weekly US gasoline demand rose 320,000 bpd (barrels per day) to 9,118,000 bpd from October 14–21, 2016.

    By Gordon Kristopher
  • uploads///bcebbbabefbfbdcc
    Macroeconomic Analysis

    How Did OPEC and the EIA Pressure Crude Oil Prices?

    A large rise in US crude oil inventories pressured crude oil prices. OPEC’s struggle with its plans to cap production pressured crude oil prices.

    By Gordon Kristopher
  • uploads///gas demand
    Miscellaneous

    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.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Oil Bulls, Don’t Worry About the Rising US Dollar

    US crude oil futures contracts for June 2017 delivery fell 3.7% between May 2, and May 9, 2017, while the US Dollar Index rose 0.7%.

    By Rabindra Samanta
  • uploads///July
    Energy & Utilities

    Hedge Funds’ Net Long Positions in US Crude Oil Rose Again

    Hedge funds increased their net bullish positions in US crude oil futures and options rose by 36,834 contracts to 215,488 contracts on July 11–18, 2017.

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

    Crude Inventories Rose as US Refinery Crude Demand Fell

    The EIA reported that US refinery crude oil demand fell by 255,000 barrels per day to 16,597,000 bpd between July 29 and August 5.

    By Gordon Kristopher
  • uploads///Major oil producers
    Macroeconomic Analysis

    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.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    How the US Dollar Could Be Crucial to Oil Investors

    US crude oil futures contracts for June delivery fell 6.2% between April 18, 2017, and April 25, 2017. Meanwhile, the US Dollar Index fell 0.7%.

    By Rabindra Samanta
  • uploads///emeployment
    Energy & Utilities

    How Could Donald Trump Impact the US Energy Market?

    Donald Trump supports increasing production of fossil fuels like coal, crude oil, and natural gas. It could support employment and benefit the economy.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    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.

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

    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.

    By Gordon Kristopher
  • uploads///us crude oil stocks
    Energy & Utilities

    Could Iran Influence the Crude Oil Market?

    On August 23, Reuters reported that Iran showed interest in joining major oil producers’ meeting meant to freeze output and support crude oil prices.

    By Gordon Kristopher
  • uploads///crude oil forecast
    Macroeconomic Analysis

    Why Goldman Sachs Raised Its Crude Oil Price Forecast

    Goldman Sachs expects that US WTI crude oil prices will average $55 per barrel in 1H17—compared to past estimates of $47.5 per barrel for the same period.

    By Gordon Kristopher
  • uploads///supply outage
    Macroeconomic Analysis

    Is the Supply Side of the Crude Oil Market Rebalancing?

    Citigroup estimates that global crude oil supply outages could currently be around 3.5 MMbpd (million barrels per day).

    By Gordon Kristopher
  • uploads///distillate
    Macroeconomic Analysis

    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.

    By Gordon Kristopher
  • uploads///crude oil chart
    Energy & Utilities

    Will US Crude Oil Futures Rise above $50 per Barrel This Week?

    US active crude oil (PXI) (ERY) (FXN) futures hit $26.21 per barrel on February 11, 2016—the lowest level in more than 13 years.

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

    Crude Oil Prices Rose after Skepticism about Output Freeze Talks

    Crude oil prices rose due to uncertainty about increasing crude oil production from Libya. Brent crude oil futures also rose and were trading at $45.95 per barrel.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    How the Dollar Could Impact Oil’s Recovery

    US crude oil (DBO) (USL) (OIIL) futures contracts for June 2017 delivery rose 3.7% between May 10 and May 17, 2017.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    Did the US Dollar Impact Oil Prices Last Week?

    US crude oil (DBO) (USL) (OIIL) futures contracts for June 2017 delivery fell 3.8% between April 25, 2017, and May 2, 2017.

    By Rabindra Samanta
  • uploads///US crude oil inventories and prices
    Miscellaneous

    Supply, Demand: Will Crude Oil Futures Rally Be Short-Lived?

    August WTI (West Texas Intermediate) crude oil futures contracts rose 1.0% and closed at $45.49 per barrel on Wednesday, July 12, 2017.

    By Gordon Kristopher
  • uploads///api gasoline
    Energy & Utilities

    Will Gasoline and Distillate Inventories Support Crude Oil Prices?

    On May 2, the API (American Petroleum Institute) released its weekly crude oil inventory report.

    By Gordon Kristopher
  • uploads///gasoline prices
    Miscellaneous

    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.

    By Gordon Kristopher
  • uploads///Saudi Arabia
    Miscellaneous

    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.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    US Dollar: Will It Impact Oil’s Upside?

    US crude oil (DBO) (USL) (OIIL) futures contracts for May delivery rose 4.6% between April 4, 2017, and April 11, 2017.

    By Rabindra Samanta
  • uploads///US production
    Miscellaneous

    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.

    By Gordon Kristopher
  • uploads///forecast June
    Miscellaneous

    Hedge Funds’ Net Long Bullish Positions Hit a 10-Month Low

    The Commodity Futures Trading Commission reported that hedge funds decreased their net long positions in US crude oil futures and options on June 13–20.

    By Gordon Kristopher
  • uploads///crude oil rebalcing
    Macroeconomic Analysis

    How Are Brazil and India Affecting the Crude Oil Market?

    Crude oil price drivers  In this part, we’ll discuss bullish crude oil drivers, specifically in Brazil, India, and Japan. Bullish catalysts for crude oil prices  Crude oil production in Brazil has fallen 0.9 MMbpd (million barrels per day) over the last six months due to huge debt, corruption scandals surrounding Petróleo Brasileiro Petrobas (PBR), and lower […]

    By Gordon Kristopher
  • uploads///refinery demand
    Macroeconomic Analysis

    Why US Inventories Rose despite Record Refinery Demand

    The EIA reported that US refinery crude oil demand rose by 418,000 bpd (barrels per day) to 17,107,000 bpd between December 30, 2016, and January 6, 2017.

    By Gordon Kristopher
  • uploads///supply and demand gap oct
    Macroeconomic Analysis

    OPEC Expects Crude Oil to Rise between 2017 and 2020

    OPEC released its Annual Report on November 8, 2016. It reported that crude oil demand will rise in 2017 to 95.3 MMbpd (million barrels per day).

    By Gordon Kristopher
  • uploads///gas demand
    Miscellaneous

    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.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Is the US Dollar’s Fall Helping Oil?

    US crude oil futures contracts for June delivery fell 1.7% between April 11, 2017, and April 18, 2017. The US Dollar Index fell 1.2% during that period.

    By Rabindra Samanta
  • uploads///oil and price inventory
    Macroeconomic Analysis

    EIA’s Crude Oil Inventories Could Surprise Oil Traders

    On February 22, the API released its weekly crude oil inventory report. It reported that US crude oil inventories fell by 0.88 MMbbls from February 10–17.

    By Gordon Kristopher
  • uploads///distillate stocks
    Macroeconomic Analysis

    US Distillate Inventories Fall from a 6-Year Seasonal High

    The EIA (U.S. Energy Information Administration) reported that US distillate inventories fell by 3.7 MMbbls (million barrels) to 157 MMbbls between September 30 and October 7.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Fall in US Refinery Demand and Imports Impacted Inventories

    US refineries operated at 91.5% of their operable capacity in the week ending May 5, 2017. The US refinery demand fell for the second consecutive week.

    By Gordon Kristopher
  • uploads///image
    Macroeconomic Analysis

    Looking Ahead: Crude Oil Prices between $50 and $60 in 2017

    Tortoise Capital Advisors thinks that US WTI and Brent crude oil prices could trade between $50 and $60 per barrel in 2017.

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

    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.

    By Gordon Kristopher
  • uploads///OPEC production
    Macroeconomic Analysis

    OPEC Members’ Crude Oil Production in September 2016

    The EIA estimates that OPEC’s crude oil production will rise to 32.4 MMbpd in 2016 and 33 MMbpd in 2017.

    By Gordon Kristopher
  • uploads///ng production
    Macroeconomic Analysis

    Why US Natural Gas Supplies Fell in Week Ending November 2

    US natural gas supplies fell 0.4% to 77.2 Bcf (billion cubic feet) per day between October 27 and November 2, 2016.

    By Gordon Kristopher
  • uploads///cushing
    Miscellaneous

    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.

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

    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.

    By Gordon Kristopher
  • uploads///OPEC
    Miscellaneous

    OPEC’s Monthly Report Could Pressure Oil Prices

    OPEC will release its Monthly Oil Market Report on July 12, 2017. OPEC’s crude oil production rose in June 2017.

    By Gordon Kristopher
  • uploads///US cushing crude oil stocks
    Macroeconomic Analysis

    Cushing Crude Oil Inventories: Bullish or Bearish for Oil Prices?

    For the week ending November 11, the EIA reported that Cushing crude oil inventories rose by 0.7 MMbbls to 59.2 MMbbls—compared to the previous week.

    By Gordon Kristopher
  • uploads///oil inventory and wti
    Macroeconomic Analysis

    EIA’s Crude Oil Inventories Could Pressure Crude Oil Prices

    On March 21, 2017, the API released its weekly crude oil inventory report. It reported that US crude oil inventories fell by 4.5 MMbbls from March 10–17.

    By Gordon Kristopher
  • uploads///image
    Macroeconomic Analysis

    Will US Crude Oil Inventories Fall and Support Oil Prices?

    February WTI (West Texas Intermediate) crude oil futures contracts fell 0.2% to $53.2 per barrel in electronic trade at 4:50 AM EST on January 5, 2017.

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

    What’s on the Energy Calendar for Oil and Gas Traders This Week?

    The US energy sector contributed to ~6.3% of the S&P 500 (SPY) (SPX-INDEX) on May 12, 2017.

    By Gordon Kristopher
  • uploads///US gasoline demand
    Energy & Utilities

    Gasoline Demand: Important for Crude Oil Bulls

    The EIA reported that US gasoline demand rose by 114,000 bpd to 9.8 MMbpd from July 8–15, 2016.

    By Gordon Kristopher
  • uploads///API crude oil inventories
    Macroeconomic Analysis

    API and EIA’s Crude Oil Inventories: Will They Mirror Each Other?

    The API released its weekly crude oil inventories report on June 21, 2016. It stated that US crude oil inventories fell by 5.2 MMbbls between June 10 and June 17.

    By Gordon Kristopher
  • uploads///oil inventories
    Miscellaneous

    US Crude Oil Inventories Hit a New Record

    The EIA (U.S. Energy Information Administration) reported that US crude oil inventories rose by 1.6 MMbbls to 535.5 MMbbls from March 24–31, 2017.

    By Gordon Kristopher
  • uploads///gas inventories
    Macroeconomic Analysis

    US Gasoline Inventories Are 8% below Their All-Time High

    The EIA (U.S. Energy Information Administration) reported that US gasoline inventories fell by 3.7 MMbbls to 239.7 MMbbls from March 17–24, 2017.

    By Gordon Kristopher
  • uploads///api crude oil
    Macroeconomic Analysis

    Will API and EIA US Crude Oil Inventories Mirror Each Other?

    The API (American Petroleum Institute) released its weekly crude oil inventory report on May 3.

    By Gordon Kristopher
  • uploads///oil inventory and wti
    Macroeconomic Analysis

    Energy Calendar for Oil and Gas Traders: March 20–24

    The energy sector contributed to ~6.5% of the S&P 500 on March 17, 2017. Oil and gas producers’ earnings depend on crude oil and natural gas prices.

    By Gordon Kristopher
  • uploads///OPEC
    Macroeconomic Analysis

    OPEC’s Falling Production Might Impact US Crude Oil Production

    Major producers’ production cut deal led to a fall in OPEC’s crude oil production by 30,000 bpd to 32.19 MMbpd in February 2017—compared to January 2017.

    By Gordon Kristopher
  • uploads///Monthly US crude oil production
    Macroeconomic Analysis

    Is US Crude Oil Production at a Turning Point?

    The EIA reported that monthly US crude oil production rose by 510,000 bpd to 8,744,000 bpd in August 2016—compared to the previous month.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    US Dollar Influences Crude Oil Prices

    US crude oil (USO) (USL) (OIIL) (DWTI) (UWTI) (SCO) futures contracts for November delivery rose ~9% between September 27 and October 4, 2016.

    By Rabindra Samanta
  • uploads///gas con
    Macroeconomic Analysis

    US Gasoline Demand: Bright Spot for Crude Oil Prices

    The EIA estimated that four-week average US gasoline demand rose by 82,000 bpd to 8,763,000 bpd between February 24, 2017, and March 3, 2017.

    By Gordon Kristopher
  • uploads///AdobeStock_
    Consumer

    Direxion ETFs Can Help You Cut Your Losses

    Here’s how Direxion ETFs can help you cut your losses and generate alpha. Take a closer look at the S&P 500 and key indicators from the first half of 2019.

    By Direxion
  • uploads///Part
    Real Insights

    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).

    By Direxion
  • uploads///Part  Direxion
    Energy & Utilities

    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.

    By Direxion
  • uploads///part
    Real Insights

    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.

    By Direxion
  • uploads///OPEC crude oil production
    Energy & Utilities

    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.

    By Gordon Kristopher
  • uploads///Cushing
    Miscellaneous

    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.

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

    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.

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

    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 […]

    By Gordon Kristopher
  • uploads///Latest Aug
    Energy & Utilities

    Why Hedge Funds May Be Turning Bearish on US Crude

    The US Commodity Futures Trading Commission reported on Friday, August 25, that hedge funds have cut back their bullish positions in US crude futures and options.

    By Gordon Kristopher
  • uploads///US Crude Oil Inventories
    Energy & Utilities

    US Crude Oil Inventories Fall in Line with Market Expectations

    A Reuters survey estimated that US crude oil inventories would fall 3.5 MMbbls between August 11, 2017, and August 18, 2017.

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

    EIA Upgrades US Crude Oil Production Estimates for 2017 and 2018

    The EIA released its Short-Term Energy Outlook report on August 8, 2017. It estimates that US crude oil production could average 9.35 MMbpd in 2017.

    By Gordon Kristopher
  • uploads///gasoline inventory
    Miscellaneous

    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.

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

    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.

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

    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.

    By Gordon Kristopher
  • uploads///US gasoline inventories
    Miscellaneous

    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.

    By Gordon Kristopher
  • uploads///gasoline inventories
    Miscellaneous

    US Gasoline Inventories Support Gasoline, Crude Oil Futures

    The EIA reported that US gasoline inventories fell 1.6 MMbbls (million barrels) to 235.6 MMbbls between June 30, 2017, and July 7, 2017.

    By Gordon Kristopher
  • uploads///forecast June
    Miscellaneous

    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.

    By Gordon Kristopher
  • uploads///Distillate inventories
    Miscellaneous

    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.

    By Gordon Kristopher
  • uploads///Iran
    Miscellaneous

    Iran’s Crude Oil Exports and Production: Crucial for Oil Prices

    Iran’s crude oil exports are expected to fall 7% in July 2017, according to Reuters. Exports are expected to fall to 1.86 MMbpd in July 2017.

    By Gordon Kristopher
  • uploads///Gasoline inventories
    Miscellaneous

    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.

    By Gordon Kristopher
  • uploads///gasoline demand
    Miscellaneous

    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.

    By Gordon Kristopher
  • uploads///cush
    Miscellaneous

    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.

    By Gordon Kristopher
  • uploads///part  st
    Real Insights

    Can Backwardation Drive Energy Returns?

    ETF Securities A return to backwardation? Among the three components of total return when investing in futures contracts (price return, roll yield, and collateral yield), the roll yield for the energy sector has been a continuous performance drag over the last decade (see “Drag on performance” chart below). Oil futures markets are most often in […]

    By Maxwell Gold
  • uploads///cush
    Miscellaneous

    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.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Is Crude Oil Ignoring the Falling Dollar?

    Between May 30 and June 6, 2017, the US dollar (UUP) (USDU) (UDN) fell 0.7%, and crude oil (USO) (OIIL) July futures fell 3%.

    By Rabindra Samanta
  • uploads///gasolien demand
    Miscellaneous

    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.

    By Gordon Kristopher
  • uploads///gasolien demand
    Miscellaneous

    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.

    By Gordon Kristopher
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