Fidelity MSCI Energy Index ETF

Latest Fidelity MSCI Energy Index ETF News and Updates

  • uploads///refinery demand
    Macroeconomic Analysis

    Crude Oil Inventories Rose despite Oil Demand from US Refineries

    The rise in US crude oil production would have contributed to the rise in US crude oil inventories between October 28 and November 4, 2016.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Crude Oil Is Firming: Are Traders Looking for a Breakout?

    US crude oil April futures rose 0.4% in the week ending on February 24, 2017. WTI crude oil April futures closed at $53.99 per barrel on February 24.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    WTI Crude Oil: Where It Could Settle This Week

    Crude oil’s (USO) (DBO) (USL) (OIIL) implied volatility was 26.6% on April 28, 2017, which was 4.6% above its 15-day average.

    By Rabindra Samanta
  • uploads///us crude oil stocks
    Energy & Utilities

    EIA and API Crude Oil Inventories Will Benefit Crude Oil Prices

    The API released its weekly crude oil inventories report on July 6. US crude oil inventories fell by 6.7 MMbbls for the week ending July 1, 2016.

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

    US Gasoline Demand Is Important for Crude Oil Bulls

    The EIA estimated that four-week average US gasoline demand rose by 134,000 bpd (barrels per day) to 9,102,000 bpd from March 10–17, 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///stock market _
    Miscellaneous

    Why the Equity Market Could Be Dragging Oil Prices Down

    On March 19, US crude oil May futures fell 0.4% and settled at $62.13 per barrel. US crude oil May futures made a high of $62.44 per barrel.

    By Rabindra Samanta
  • uploads///Saudi Arabia
    Miscellaneous

    Will Saudi Arabia Cause Colossal Damage for Crude Oil Futures?

    According to the Wall Street Journal, Saudi Arabia’s crude oil production hit 10.7 MMbpd (million barrels per day) in June 2017.

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

    Will Crude Oil Prices Breach $60 per Barrel in 1H17?

    Goldman Sachs expects Brent crude oil to average $58 per barrel in 2H17. Likewise, it expects WTI crude oil prices to average $57.50 per barrel.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Why Did Crude Oil Prices Rise?

    On February 9, 2017, US crude oil futures contracts for March delivery closed at $53.00 per barrel—an ~1.3% rise compared to the previous trading session.

    By Rabindra Samanta
  • uploads///image
    Macroeconomic Analysis

    Crude Oil Reverses as US Dollar Hits 14-Year High

    February WTI (West Texas Intermediate) crude oil (PXI) (XOP) (XES) (IEZ) (ERX) (USL) (ERY) futures contracts fell 2.6% and settled at $52.33 per barrel on January 3, 2017.

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

    US Crude Oil Inventories Could Reach Record Levels

    On February 22, the API will release its weekly crude oil inventory report. US crude oil inventories could have risen from February 10–17, 2017.

    By Gordon Kristopher
  • 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///dedecaacffdaba
    Macroeconomic Analysis

    Crude Oil Prices Fall: Strong Dollar and Oversupply to Blame

    June WTI crude oil futures contracts trading on NYMEX fell 0.85% and closed at $47.75 per barrel on Friday, May 20. Crude oil prices fell due to profit-booking and a strong dollar.

    By Gordon Kristopher
  • uploads///oil prices
    Macroeconomic Analysis

    Are Crude Oil Prices on the Verge of Collapsing?

    Crude oil prices fell due to the API’s bearish crude oil inventory report. Prices have been trading between $50 per barrel and $54 per barrel since January.

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

    Reality Check: Major Oil Producers’ Output Cut Plans

    Crude oil prices have risen ~15% since November 2016 due to the expectation that major oil producers’ production cuts would curb oversupply in the market.

    By Gordon Kristopher
  • uploads///OPEC
    Miscellaneous

    Can OPEC and Russia Rescue the Oil Market?

    The EIA estimates that OPEC’s crude oil production rose by 90,000 bpd to 31.71 MMbpd (million barrels per day) in April 2017—compared to March 2017.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Why Oil Rigs Could Stymie Oil’s Gains

    For the week ended December 29, 2017, the US oil rig count was unchanged at 747, but it has risen 42.3% from last year.

    By Rabindra Samanta
  • uploads///chevronfcf
    Macroeconomic Analysis

    Can Chevron Stand up to Exxon Mobil?

    But XOM managed to generate positive segment revenue and earnings in 2016, which places XOM in a better position than CVX for dividend chasers.

    By Amanda Lawrence
  • uploads///image
    Macroeconomic Analysis

    What Investors Can Expect from Crude Oil Prices

    April WTI crude oil prices are at a three-month low as of March 13. So far, crude oil prices and broader markets such as the S&P 500 are diverging in 2017.

    By Gordon Kristopher
  • uploads///distillate
    Miscellaneous

    Why Did US Distillate Inventories Fall Again?

    June diesel futures contracts rose 2.1% to $1.47 per gallon on May 10, 2017. Prices rose due to the larger-than-expected fall in distillate inventories.

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

    OPEC Upgrades Non-OPEC and US Crude Oil Production

    US crude oil production increased by 332,000 bpd (barrels per day) to a record high of 10,251,000 bpd on January 26–February 2, 2018.

    By Gordon Kristopher
  • 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///oil inventory
    Macroeconomic Analysis

    Oil Traders Focus on US Crude Oil Inventories

    On January 31, the API released its weekly crude oil inventory report. It reported that US crude oil inventories rose by 5.8 MMbbls from January 20–27.

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

    Why US Crude Oil Production Could Hit a Record High in 2018

    US crude oil production  According to the EIA (U.S. Energy Information Administration), US crude oil production rose 13,000 bpd (barrels per day) to 9,658,000 bpd between November 10 and 17, 2017. Production, which rose for the fifth straight week, has been pressuring oil (SCO) prices in the last few weeks. Production has risen 977,000 bpd (11.3%) year-over-year. Any […]

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

    Crude Oil Prices Skyrocket before OPEC’s Meeting

    Crude oil prices rose on November 15, 2016. However, expectations of a bearish crude oil inventory report could pressure crude oil prices.

    By Gordon Kristopher
  • 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///oil producers
    Macroeconomic Analysis

    How OPEC and Non-OPEC Producers Affect Crude Oil Prices

    Crude oil (BNO) (PXI) (USL) (USO) (UCO) prices were up ~4% between December 7, 2016, and December 19, 2016.

    By Gordon Kristopher
  • uploads///OPEC monthly crude oil production
    Macroeconomic Analysis

    OPEC’s Crude Oil Production Hit a Record

    OPEC’s crude oil production rose by 236,700 bpd (barrels per day) to 33,643,000 bpd in October 2016—compared to the previous month.

    By Gordon Kristopher
  • uploads///dfebadfadfbfdc
    Macroeconomic Analysis

    Brent and WTI Crude Oil Prices Diverge

    December WTI crude oil futures contracts fell marginally by 0.52% and closed at $40.54 per barrel on Thursday, November 19, 2015.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    What We Could Expect for Oil Prices

    Oil rig data The US oil rig count rose by two to 766 in the week ended July 28, 2017. Year-over-year, the oil rig count has surged by more than twofold, with US crude oil active futures gaining 22.7%. Since the high of 9.6 million barrels per day in the week ended June 5, 2015, […]

    By Rabindra Samanta
  • uploads///Saudi Arabia
    Energy & Utilities

    Will Saudi Arabia’s Crude Oil Production and Exports Hit a New Low?

    Saudi Arabia’s crude oil production is expected to fall to 9.77 MMbpd (million barrels per day) in November 2017, according to Saudi Aramco.

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

    Decoding the Major Oil Producers’ Meeting in Algeria

    OPEC producers’ meeting was held from September 26–28, 2016. Crude oil prices rose 12% in August 2016 due to speculation about the meeting’s outcome.

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

    OPEC Mania Is Back: Will Crude Oil Soar?

    US crude oil rose on November 18 due to the market’s belief that OPEC (Organization of the Petroleum Exporting Countries) members might cut their output.

    By Rabindra Samanta
  • uploads///oil production us
    Macroeconomic Analysis

    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.

    By Gordon Kristopher
  • uploads///crude oil price chart
    Macroeconomic Analysis

    Crude Oil Prices in 2016: Crucial Support and Resistance Levels

    Crude oil has rallied by almost 40% in the past two months. But prices have fallen by 65% since June 2014. Oil prices have breached key moving averages.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Bullish Oil Traders Must Count the Oil Rigs

    On November 24, 2017, US crude oil settled at the highest closing price in 2017. The oil rig count could be at a three-year high by May 2018.

    By Rabindra Samanta
  • uploads///OPEC
    Miscellaneous

    Goldman Sachs: OPEC and Russia Could Pressure Oil Prices

    Goldman Sachs (GS) thinks that a rise in production from OPEC, Russia, and the US in 2H18 could lead to renewed oversupply by the end of 2018.

    By Gordon Kristopher
  • uploads///us prod
    Macroeconomic Analysis

    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.

    By Gordon Kristopher
  • uploads///forecast June
    Miscellaneous

    Hedge Funds’ Net Bullish Positions on US Crude Oil

    Hedge funds reduced their net bullish positions in US crude oil futures and options by 1,136 contracts to 133,606 contracts on June 20–27, 2017.

    By Gordon Kristopher
  • uploads///opec spare production capacity
    Miscellaneous

    OPEC’s Spare Production Capacity Fell: Will It Impact Oil Prices?

    The EIA estimated that OPEC’s spare crude oil production capacity fell by 36,277 bpd to 2.32 MMbpd in April 2017—compared to March 2017.

    By Gordon Kristopher
  • uploads///Crude Oil Performance Relative To The Commodity Complex
    Energy & Utilities

    Analyzing Crude Oil’s Performance in the Commodity Sphere

    US crude oil (USO) (OIIL) prices fell by 5.3% in the week ending July 22, 2016. On a closing price basis, crude oil closed at $44.19 per barrel on July 22.

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

    Record US Crude Oil Inventories: Will the Blood Bath Continue?

    A Bloomberg survey estimates that US crude oil inventories could have risen by 3 MMbbls from March 3–10. US crude oil inventories are at an all-time high.

    By Gordon Kristopher
  • uploads///Iran
    Miscellaneous

    Iran’s Crude Oil Exports Hit a Record: What’s Next?

    A Reuters survey estimates that Iran’s crude oil production rose by 10,000 bpd to 3.77 MMbpd in March 2017—compared to the previous month.

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

    Will the EIA’s Crude Oil Inventories Support Crude Oil Bulls?

    On April 18, 2017, the API released its weekly crude oil inventory report. It reported that US crude oil inventories fell by 0.84 MMbbls from April 7–14.

    By Gordon Kristopher
  • uploads///us monthly prod
    Miscellaneous

    Could US Crude Oil Production Push Production Cut Deal Past 2017?

    The EIA reported that monthly US crude oil production rose 196,000 bpd to 9.0 MMbpd in February 2017.

    By Gordon Kristopher
  • uploads///image
    Macroeconomic Analysis

    How the Major Oil Producer Output Cut Plan Could Fail

    Crude oil prices have risen ~20% since November 2016 due to the expectation that the major oil producers’ production cuts would curb oversupply in the market.

    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///diesel and distillate prices
    Macroeconomic Analysis

    US Diesel Futures Follow Crude Oil Prices

    February 2017 NY Harbor ULSD futures fell and settled at $1.66 per gallon on December 21. Diesel futures fell despite the fall in distillate inventories.

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

    Analyzing Saudi Arabia’s Crude Oil Export Strategy

    On July 24, 2017, Saudi Arabia’s energy minister stated that the country would cut crude oil exports to 6.6 MMbpd in August 2017.

    By Gordon Kristopher
  • uploads///forecast
    Macroeconomic Analysis

    Why Major Banks Upgraded Crude Oil Price Forecasts

    The rise in crude oil production from Libya and Iran in 2017 could pressure crude oil (PXI) (USL) (USO) (UCO) prices.

    By Gordon Kristopher
  • uploads///OPEC spare propduction capacity
    Energy & Utilities

    OPEC Spare Production Capacity Hit 2017 Low

    The US Energy Information Administration estimated that OPEC’s spare crude oil production capacity fell by 170,000 bpd (barrels per day) to 2.01 MMbpd (million barrels per day) in June 2017.

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

    Will Iran’s Crude Oil Production Pressure Crude Oil Prices?

    OPEC estimated that Iran’s crude oil production rose by 22,300 barrels per day to 3.7 MMbpd in August 2016—compared to the previous month.

    By Gordon Kristopher
  • uploads///gasoline inventory
    Miscellaneous

    Gasoline Inventories Could Push Crude Oil Prices to a New Low

    The API released its weekly inventory report on May 2, 2017. It estimated that US gasoline inventories fell by 1.9 MMbbls (million barrels) on April 21–28.

    By Gordon Kristopher
  • uploads///india oil production and consumption
    Macroeconomic Analysis

    India’s Crude Oil Imports and Demand Impact Crude Oil Prices

    India’s Petroleum Planning and Analysis Cell estimated that India’s crude oil imports rose 3.3% to 4.58 MMbpd in November 2016.

    By Gordon Kristopher
  • uploads///distillate
    Miscellaneous

    US Distillate Inventories Fell for the Third Straight Week

    The EIA reported that US distillate inventories fell by 1.9 MMbbls (million barrels) to 146.8 MMbbls on May 5–12, 2017.

    By Gordon Kristopher
  • uploads///China
    Miscellaneous

    Is the US Capturing Crude Oil Market Share in China and India?

    India is the third-largest crude oil consumer after the US and China. India is expected to import crude oil from the US by October 2017.

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

    US Crude Oil Production: A Thorn for Crude Oil Bulls?

    US crude oil production rose by 21,000 bpd to 9,314,000 bpd between April 28, 2017, and May 5, 2017. Production rose 0.2% week-over-week and 5.8% YoY.

    By Gordon Kristopher
  • uploads///gasoline inventory
    Macroeconomic Analysis

    Gasoline Inventories Could Fall from All-Time High Levels

    The API released its weekly inventory report on February 22, 2017. It estimated that US gasoline inventories fell by 0.9 MMbbls from February 10–17, 2017.

    By Gordon Kristopher
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    Macroeconomic Analysis

    Crude Oil Prices Fall as Chinese Stocks Tumble

    WTI crude oil futures contracts for January delivery fell by 3.1% to close at $41.71 on Friday, November 27.

    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///image
    Energy & Utilities

    Will There Be More Upside in the Oil Rig Count?

    In the week ending May 4, the oil rig count rose by nine to 834—the highest level in more than three years.

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

    Oil Rig Count: Is More Upside Possible?

    In the week ending April 20, the oil rig count rose by five to 820—the highest level in more than three years.

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

    Why the Oil Rig Count Could Concern Energy Investors

    In the week ending March 30, 2018, the oil rig count fell by seven to 797. US crude oil prices and the oil rig count usually move in a pattern.

    By Rabindra Samanta
  • uploads///Monthly US crude oil production
    Miscellaneous

    US Crude Oil Production Is near 1970 High

    US crude oil production could hit a record high of 10,200,000 bpd in 2018, which would be the highest annual production average ever.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Brent-WTI Spread Is Declining: What Does It Mean?

    On January 29, 2018, the difference between Brent crude oil (BNO) active futures and WTI crude oil active futures was $3.9—the lowest since August 17, 2017.

    By Rabindra Samanta
  • uploads///image
    Miscellaneous

    US Oil Exports Could Threaten International Oil Prices

    In the week ending January 12, 2018, US crude oil exports were at ~1.25 MMbpd—234,000 barrels per day more than the previous week.

    By Rabindra Samanta
  • uploads///Production and consumption
    Energy & Utilities

    US Natural Gas Production and Consumption Could Impact Prices

    According to PointLogic, US dry natural gas production increased by 0.3 Bcf (billion cubic feet) per day to 75.7 Bcf per day on January 11–17, 2018.

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

    OECD’s Crude Oil Inventories: Trump Card for Crude Oil Bulls?

    The EIA estimates that global crude oil inventories could rise in 2018 and 2019, which is bearish for oil prices.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    What Could Be the High for US Crude Oil Next Week?

    On January 11, 2018, US crude oil’s implied volatility was 18.2%. That was 5.2% above its 15-day average.

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

    US Natural Gas Consumption Could Hit a Record in 2018 and 2019

    US natural gas consumption fell 14.4% to 102.6 Bcf (billion cubic feet) per day on January 4–10, 2018, according to PointLogic.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Upside in US Crude Oil Next Week

    On January 4, 2018, US crude oil’s implied volatility was 17.9%—2.9% above its 15-day average.

    By Rabindra Samanta
  • 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///NG inventory
    Energy & Utilities

    Natural Gas Inventories Could Help US Natural Gas Prices

    A larger-than-expected withdrawal in US natural gas inventories compared to historical averages would help natural gas prices this week.

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

    Weekly US Crude Oil Production Fell for the 1st Time since October

    US crude oil production declined by 35,000 bpd (barrels per day) or 0.4% to 9,754,000 bpd from December 15 to 22, 2017, per the EIA.

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

    Cushing Inventories Rose for the First Time in Nearly 2 Months

    Cushing inventories rose by 754,000 barrels or 1.4% to 52.9 MMbbls (million barrels) on December 8–15, 2017, according to the EIA.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Ignoring Oil Rig Data Could Cost Oil Bulls

    Oil rig count In the week ended December 15, 2017, the US oil rig count fell by four to 747, and rose 50% from the same period last year. However, US crude oil prices rose only 10.1% from last year, showing how a higher oil rig count can limit oil prices. Often, oil prices fluctuate three to six months […]

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

    Cushing Inventories: Largest Weekly Fall since 2009

    Cushing inventories fell by 3,317,000 barrels to 52.2 MMbbls (million barrels) on December 1–8, 2017, according to the EIA.

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

    US Distillate Inventories Fell for the First Time in 4 Weeks

    US distillate inventories fell by 1.3 MMbbls (million barrels) to 128.1 MMbbls on December 1–8, 2017, according to the EIA.

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

    US Gasoline Inventories Add More Pain to Crude Oil Futures

    According to the EIA, US gasoline inventories rose by 6,780,000 barrels to 220.8 MMbbls (million barrels) on November 24–December 1, 2017.

    By Gordon Kristopher
  • uploads///Gasoline inventory
    Miscellaneous

    Analyzing US Gasoline Inventories and Demand

    The API reported that US gasoline and distillate inventories rose by 9,200,000 barrels and 4,300,000 barrels on November 24–December 1, 2017.

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

    US Natural Gas Future Fell after the Natural Gas Inventory Report

    The EIA released its natural gas inventory report on November 30, 2017. US natural gas inventories fell by 33 Bcf to 3,693 Bcf on November 17–24, 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///NG inventory
    Energy & Utilities

    US Natural Gas Inventories Have Fallen 8% from Last Year

    The EIA estimated that US natural gas inventories fell by 46 Bcf (billion cubic feet) or 1.2% to 3,726 Bcf on November 10–17, 2017.

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

    How Lower US Gasoline Inventories Help Crude Oil Futures

    US gasoline inventories According to the EIA (U.S. Energy Information Administration), US gasoline inventories rose by 44,000 barrels to 210.4 MMbbls (million barrels) between November 10 and 17, 2017. However, gasoline inventories were 13.5 MMbbls (6.1%) lower than in the same period in 2016. The market estimated that US gasoline inventories would rise by 737,000 barrels between […]

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Russian and US Crude Oil Exports Are Important for Oil Bears

    US crude oil exports fell by 1,264,000 bpd or 60% to 869,000 bpd on October 27–November 3, 2017. Exports rose by 459,000 bpd from the same period in 2016.

    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///Cushing
    Miscellaneous

    Cushing Inventories: Bears Could Outcast the Bulls

    The EIA reported that Cushing’s crude oil inventories rose by ~100,000 barrels to 63.8 MMbbls (million barrels) on October 20–October 27, 2017.

    By Gordon Kristopher
  • uploads///supply and demand
    Energy & Utilities

    How Long Will Production Cuts Help the Global Crude Oil Market?

    The global oil supply is expected to average 97.99 MMbpd in 2017, which is 760,000 bpd or 0.8% higher than the oil supplies in 2016.

    By Gordon Kristopher
  • uploads///NG inventory
    Miscellaneous

    Will US Natural Gas Inventories Help Natural Gas Futures?

    The EIA (or US Energy Information Administration) published its weekly US natural gas inventory report on October 26, 2017.

    By Gordon Kristopher
  • uploads///NG production
    Materials

    How Is US Natural Gas Production and Consumption Trending?

    PointLogic estimates that weekly US dry natural gas production rose by 0.9 Bcf (billion cubic feet) per day to 74.6 Bcf per day between October 19 and October 25, 2017.

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

    Surprise Build in US Crude Oil Inventories Helps Crude Oil Bears

    Crude oil inventories rose by 856,000 barrels to 457.3 MMbbls (million barrels) on October 13–20, 2017. The inventories are near a three-week high.

    By Gordon Kristopher
  • uploads///NG consumption
    Materials

    Will US Natural Gas Consumption Drive Prices?

    US natural gas consumption rose by 7.3 Bcf (billion cubic feet) per to 70.37 Bcf per day in July 2017 compared to August 2017.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Will Oil Rigs Today Be the Foundation for US Crude Oil Staying above $50?

    The US oil rig count contracted by seven and was at 749 in the week ended September 15, 2017—the fifth-straight week without a rise in the oil rig count.

    By Rabindra Samanta
  • 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///Russia
    Energy & Utilities

    Russia’s Crude Oil Production Hit a 1-Year Low

    Russia’s crude oil production averaged ~11.0 MMbpd in 2016—the highest level in 30 years. Russia’s crude oil production could average 11.1 MMbpd in 2017.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Could the Oil Rig Count Threaten Bullish Bets on Oil Prices?

    The US oil rig count rose by three to 768 for the week ended August 11, 2017.

    By Rabindra Samanta
  • 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
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