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  • uploads///WTI BRENT
    Macroeconomic Analysis

    The WTI-Brent crude oil discount narrows

    The divergence between WTI and Brent narrowed last week, as a slowdown in Cushing offered a glimmer of hope, causing WTI to rise.

    By Keisha Bandz
  • uploads///US Natural gas inv
    Macroeconomic Analysis

    EIA Natural Gas Inventory Report – Important for Energy Investors

    Analysts expected a natural gas inventory draw of 51 billion cubic feet (or Bcf) last week.

    By Keisha Bandz
  • uploads///Segments
    Earnings Report

    How Chevron’s 3Q16 Segmental Earnings Trended

    Chevron’s (CVX) earnings improved in 3Q16 compared to 3Q15. In fact, the upstream segment turned profitable in 3Q16.

    By Maitali Ramkumar
  • uploads///Cush
    Miscellaneous

    Cushing Inventories Hit December 2014 Low

    Analysts estimate that Cushing inventories could have declined on March 2–9. The EIA is scheduled to release its crude oil inventories report on March 14.

    By Gordon Kristopher
  • Financials

    Things you need to do today before inflation takes off

    So what should investors be doing today? While inflation may take another year or more to get going, it’s not too early to start implementing long-term inflation hedges.

    By Russ Koesterich, CFA
  • uploads///portfolio
    Company & Industry Overviews

    Hess’s Management Objectives, Strategies in Focus

    Hess sees growth opportunities in the Bakken and Utica plays. It also has several growth projects offshore, including its North Malay Basin and its Stampede projects.

    By Keisha Bandz
  • uploads///Segments
    Earnings Report

    How Chevron’s 1Q17 Segmental Earnings Trended

    Chevron’s (CVX) Upstream segment, which posted a loss in 1Q16, saw its earnings rise to ~$1.5 billion in 1Q17.

    By Maitali Ramkumar
  • uploads///bg pm
    Company & Industry Overviews

    Bunge Limited Rose on Positive News of Avoiding Labor Strikes

    Bunge Limited (BG) has a market cap of $7.3 billion. BG rose by 5.2% to close at $51.33 per share as of February 22, 2016.

    By Gabriel Kane
  • uploads///Part
    Company & Industry Overviews

    Phillips 66’s Cash Flow: Rising Shareholder Returns and Capex

    From 3Q14 to 3Q15, PSX maintained average quarterly cash flow from operations at $1.1 billion. The company has continued its focus on preserving growth.

    By Maitali Ramkumar
  • uploads///FCF
    Company & Industry Overviews

    Why Halliburton’s Free Cash Flow Is Remarkable

    Halliburton’s 3Q16 FCF improved significantly over the previous year. Its CFO rose significantly due to increased rig utilization in North America.

    By Alex Chamberlin
  • uploads///Libya
    Miscellaneous

    Libya’s Crude Oil Production: Bullish or Bearish for Oil Prices?

    A Reuters survey estimates that Libya’s crude oil production rose by 50,000 bpd to 930,000 bpd in September 2017—compared to the previous month.

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

    Bearish Momentum in Crude Oil Prices Pressures Gasoline Futures

    April gasoline futures fell 2.4% to $1.65 per gallon on March 8, 2017. Prices fell despite the massive fall in US gasoline inventories.

    By Gordon Kristopher
  • uploads///image
    Macroeconomic Analysis

    Analyzing Crude Oil Prices in 2016 and 2017

    Crude oil prices were $54.1 per barrel on December 28—the highest since July 14, 2015. As of January 16, 2017, crude oil prices are 3.4% below their highs.

    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///cush
    Miscellaneous

    Cushing Inventories Have Fallen 10% in the Last 10 Weeks

    Cushing crude oil inventories have fallen 10% in the last ten weeks. A better-than-expected fall in Cushing inventories could support US crude oil prices.

    By Gordon Kristopher
  • uploads///leverage
    Miscellaneous

    How Did Brexit Impact Crude Oil Prices?

    The referendum on June 23 caused the dollar to rise. Needless to say, a stronger dollar put pressure on crude oil prices.

    By Keisha Bandz
  • uploads///fffcbdbacdda
    Macroeconomic Analysis

    Crude Oil Market: Hedge Funds Are Bullish

    The Chinese market rose by 3% on Thursday, October 9. China’s steps to improve its slowing economy sent positive vibes in the global crude oil market.

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

    Will EIA and API Crude Oil Inventories Impact Crude Oil Prices?

    On November 15, the API released its weekly crude oil inventory report. US crude oil inventories rose by 3.6 MMbbls from November 4–11, 2016.

    By Gordon Kristopher
  • uploads///US production
    Miscellaneous

    Analyzing the US, Canada, and Brazil’s Crude Oil Production

    The US is the world’s third-largest crude oil producer. US crude oil production rose by 15,000 bpd to 9,320,000 bpd on May 12–19, 2017.

    By Gordon Kristopher
  • uploads///Correlation
    Company & Industry Overviews

    Refining Stocks and Oil Prices: Understanding the Correlation Coefficient

    The correlation coefficient of Phillips 66 (PSX) and WTI stands highest among refiners at 0.42.

    By Maitali Ramkumar
  • uploads///India
    Miscellaneous

    India’s Crude Oil Imports Surged in January

    India’s crude oil imports increased 12.5% to a record high of 4.93 MMbpd in January 2018—compared to the previous month.

    By Gordon Kristopher
  • uploads///Cushing
    Miscellaneous

    Cushing Crude Oil Inventories: Biggest Weekly Fall since January

    Cushing crude oil inventories have fallen for the ninth time in ten consecutive weeks. Any fall in Cushing inventories is bullish for crude oil prices.

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

    Crude Oil: Price Forecasts and Hedge Funds’ Position

    Hedge funds increased their net long positions in US crude oil futures and options by 43,861 contracts or 18.4% to 282,362 contracts on July 25–August 1.

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

    Kurdistan Referendum: Time to Buy Crude Oil Futures?

    On September 25, 2017, the people in Kurdistan voted in a referendum for independence. As a result, Turkey blocked 500,000 bpd of crude oil exports.

    By Gordon Kristopher
  • uploads///saudi
    Macroeconomic Analysis

    Saudi Arabia’s Crude Oil Production Rose: Will Prices Fall More?

    Saudi Arabia reported that its crude oil production rose by 263,300 bpd (barrels per day) to 10.01 MMbpd (million barrels per day) in February 2017.

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

    Relationship between US Distillate Inventories and Oil Prices

    US distillate inventories rose by 2,747,000 barrels to 127.7 MMbbls (million barrels) on November 17–24, 2017. Inventories rose 2.2% week-over-week.

    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///US production
    Miscellaneous

    Bears Celebrate: US Crude Oil Production Hit 2015 High

    US crude oil production rose 0.3% week-over-week and 5.3% year-over-year. US crude oil production is near the highest level since August 21, 2015.

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

    Is the US Crude Oil Bull Market Sustainable?

    Brent crude oil futures closed at $57.54 per barrel on September 29, 2017. Some OPEC officials think that $60 per barrel for crude oil isn’t sustainable.

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

    Gasoline Inventories and Consumption Impact Crude Oil Prices

    The EIA reported that US gasoline inventories rose by 2.8 MMbbls to 259.1 MMbbls from February 3–10. US gasoline inventories are at the highest levels ever.

    By Gordon Kristopher
  • uploads///oil prices
    Miscellaneous

    Will Crude Oil Prices Break below the 100-Day Moving Average?

    So far, crude oil prices and broader markets such as the S&P 500 (SPY) (SPX-INDEX) are diverging in 2017. SPY has risen 4% YTD (year-to-date).

    By Gordon Kristopher
  • uploads///forecast June
    Miscellaneous

    US and Brent Crude Oil Price Forecast for the Next 6 Months

    Brent crude oil futures are trading below their 20-day, 50-day, 100-day, and 200-day moving averages of $49.9, $51.6, $53.3, and $53.8 per barrel.

    By Gordon Kristopher
  • uploads///Russia crude oil production
    Macroeconomic Analysis

    Russia’s Crude Oil Production Hits Record: What’s Next?

    Russia’s crude oil production rose by 2,000 bpd (barrels per day) to 11.23 MMbpd (million barrels per day) in November 2016 compared to the previous month.

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

    Crude Oil Futures Are near a 2-Month High

    WTI (West Texas Intermediate) crude oil futures contracts for September delivery rose 1.8% to $48.75 per barrel on July 26, 2017.

    By Gordon Kristopher
  • uploads///cfcbdeacadabeaf
    Macroeconomic Analysis

    US Crude Oil Prices Are Almost Flat as the US Dollar Depreciates

    WTI crude oil futures contracts for December delivery rose by 0.26% October 29. Crude oil prices rose due to technical buying activity and the depreciating US dollar.

    By Gordon Kristopher
  • uploads///us natural gas consumption
    Macroeconomic Analysis

    Natural Gas Consumption Decreased in the Week Ending May 1

    The EIA’s STEO was released on April 7. It forecasts that total natural gas consumption will average 76.3 Bcf/d in 2015 and 75.8 Bcf/d in 2016.

    By Keisha Bandz
  • 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///GASOLINE PRICES
    Macroeconomic Analysis

    Gasoline Prices Continue their Uptrend the Week of May 8

    For the summer of 2015, the EIA expects consumption to average 9.2 MMbpd, which is 0.14 MMbpd higher than last summer’s consumption.

    By Keisha Bandz
  • uploads///us natural gas consumption
    Macroeconomic Analysis

    Natural Gas Consumption Fell in the Week to April 17

    Last week, total US natural gas consumption decreased by 1.7% week-over-week. Consumption declined in the residential and commercial sectors by 5.2%.

    By Keisha Bandz
  • uploads///oil producers
    Macroeconomic Analysis

    US Crude Inventories and OPEC Push Crude Oil to 5-Month High

    November WTI (West Texas Intermediate) crude oil futures contracts rose 2.3% and settled at $49.83 per barrel on October 5, 2016.

    By Gordon Kristopher
  • uploads///opec
    Miscellaneous

    OPEC’s Crude Oil Production Could Rebalance the Oil Market

    A Reuters survey estimates that OPEC showed 95% compliance with targeted production cuts in March 2017 due to major producers’ production cut deal.

    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///cushing
    Macroeconomic Analysis

    April Cushing Inventories Move in on Capacity

    If inventories at Cushing reach capacity, oil prices could tumble further. That would hurt oil producing companies such as Hess (HES), ExxonMobil (XOM), Chevron (CVX), and Apache (APA).

    By Keisha Bandz
  • 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///Iraq
    Energy & Utilities

    Is Iraq’s Crude Oil Production Bullish or Bearish for Oil Traders?

    The EIA estimates that Iraq’s crude oil production fell by 35,000 bpd (barrels per day) to 4,320,000 bpd in November 2017 compared to the previous month.

    By Gordon Kristopher
  • uploads///russia
    Miscellaneous

    Russia’s Crude Oil Production Fell in April: What’s Next?

    Russia is the largest crude oil producer in the world. Russia’s production fell by 50,000 bpd to 11 MMbpd (million barrels per day) in April 2017.

    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///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///diesel prices
    Macroeconomic Analysis

    Diesel Prices Rose Again on May 11

    The EIA expects US distillate consumption this summer to average 4 million barrels per day, up 3% compared with last summer.

    By Keisha Bandz
  • 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

    Will Crude Oil Prices Hit a New High?

    US WTI crude oil prices were at $54.45 per barrel on February 23—the highest level since June 2015. As of April 10, prices were 2.5% below their high.

    By Gordon Kristopher
  • uploads///RV
    Company & Industry Overviews

    How Does Halliburton’s Valuation Compare to Peers?

    Halliburton’s (HAL) EV (approximately the summation of its equity value and net debt) when scaled by trailing-12-month (or TTM) adjusted EBITDA is lower than the peers’ average in the group.

    By Alex Chamberlin
  • uploads///opec
    Energy & Utilities

    Is OPEC’s Compliance to the Production Cut Deal Declining?

    A Reuters survey showed that OPEC’s crude oil production declined by 70,000 bpd to 32 MMbpd in May—compared to the previous month.

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

    Donald Trump’s Victory Pressures US Crude Oil Prices

    December WTI (West Texas Intermediate) crude oil futures contracts fell 1.4% to $44.3 per barrel in electronic trade at 2:40 AM EST on November 9, 2016.

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

    What Could Drive Crude Oil Prices Higher?

    US crude oil inventories fell 15% from their peak in March 2017 for the week ending November 3, 2017, which helped oil (USO) (UCO) prices.

    By Gordon Kristopher
  • uploads///us natural gas MARKETED PRODUCTION
    Macroeconomic Analysis

    Natural Gas Consumption Trends in the Week of April 10

    The U.S. Energy Information Administration’s “Short-Term Energy Outlook” forecasts that total natural gas consumption will average 76.3 Bcf per day in 2015 and 75.8 Bcf per day in 2016.

    By Keisha Bandz
  • uploads///image
    Macroeconomic Analysis

    Why US Crude Oil Prices Hit Highest Level since July 2015

    April WTI (West Texas Intermediate) crude oil (BNO) (IXC) (IYE) futures contracts rose 1.6% and settled at $54.45 per barrel on February 23, 2017.

    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///CRACK SPREAD
    Macroeconomic Analysis

    What a Wider Crack Spread in Mid-May Means for American Refiners

    A crack spread represents the price difference between refiners’ revenues—achieved through the sale of finished refined products—and refiner costs—that is, the price of crude oil.

    By Keisha Bandz
  • uploads///us crude oil stocks
    Macroeconomic Analysis

    US Crude Oil Prices Are Trading Near a 2016 High!

    November WTI (West Texas Intermediate) crude oil futures contracts rose 0.5% and settled at $50.44 per barrel on October 13.

    By Gordon Kristopher
  • uploads///production supply mismatch
    Macroeconomic Analysis

    Energy Sector Headwinds: Supply Side Poses a Challenge

    The supply side is adding to energy sector headwinds (IXC).

    By Russ Koesterich, CFA
  • uploads///china
    Miscellaneous

    China’s Teapot Refineries Impact the Crude Oil Market

    The demand from China’s teapot refineries is expected to fall between June 2017 and August 2017 due to strict import quotas and tax policies.

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

    What US Crude Oil Production’s 26-Month High Could Mean

    On September 27, 2017, the EIA estimated that US crude oil production rose 37,000 bpd (barrels per day) to ~9.5 MMbpd from September 15–22, 2017.

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

    How US Crude Oil Production Affects Crude Oil Prices

    The EIA (U.S. Energy Information Administration) reported that US crude oil production rose 14,000 bpd (barrels per day) to 8,464,000 bpd between October 7 and October 14, 2016.

    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///Cushing crude oil charts
    Macroeconomic Analysis

    Cushing Crude Oil Stocks and Nationwide Inventory Diverge

    On October 29, 2015, Genscape reported that the crude oil inventory at Cushing, Oklahoma, continued to fall. The inventory fell for the second straight week.

    By Gordon Kristopher
  • uploads///wti brent
    Macroeconomic Analysis

    WTI and Brent Converge: Is It Good for American Energy Companies?

    WTI and Brent narrowed last week compared to the week before. The differential as of Friday, May 22, was $5.65 per bbl compared to $7.12 per bbl on Friday, May 15.

    By Keisha Bandz
  • uploads///NG consumption
    Macroeconomic Analysis

    EIA’s 2015 Natural Gas Consumption Forecasts

    The EIA forecasts that total natural gas consumption will average 75.7 Bcf/d in 2015 and 76.2 Bcf/d in 2016, compared to an estimated 73.5 Bcf/d in 2014.

    By Keisha Bandz
  • uploads///Targets
    Earnings Report

    Analysts’ Recommendations for BP before 1Q16 Earnings

    The highest 12-month target price for BP ahead of 1Q16 earnings is $43, indicating a 40% gain from current levels.

    By Maitali Ramkumar
  • uploads///wti brent
    Macroeconomic Analysis

    Why the WTI-Brent Crude Oil Discount Converged Slightly

    The divergence between WTI and Brent crude oil prices slightly narrowed. Brent prices saw a more pronounced effect from the Fed’s announcement.

    By Keisha Bandz
  • uploads///Part
    Company & Industry Overviews

    Why Is Gasoline a Key Element in the US Energy Market?

    Gasoline demand has grown by 2.1% to 19.8 MMbpd (million barrels per days) from August 2014 to August 2015.

    By Maitali Ramkumar
  • Energy & Utilities

    Southwestern is among the largest US oil and natural gas producers

    Headquartered in Houston, Texas, Southwestern Energy Corporation (SWN) is one of the largest independent natural gas and oil producers in the United States.

    By Sandra Nathanson
  • 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///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///image
    Energy & Utilities

    US Crude Oil Inventory Data: What to Expect

    In the week ending April 20, US crude oil inventories rose by ~2.17 MMbbls (million barrels) to ~429.7 MMbbls.

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

    Higher Inventories Might Help Oil Prices Rise

    In the week ending March 30, 2018, US crude oil inventories fell by 4.6 MMbbls (million barrels) to ~425.3 MMbbls.

    By Rabindra Samanta
  • uploads///Russia
    Miscellaneous

    Russia’s Crude Oil Production Is near April 2017 Highs

    Russia’s crude oil production rose 0.2% to 10.97 MMbpd (million barrels per day) in March 2018—compared to the previous month.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    US Dry Natural Gas Production Increased on March 8–14

    According to PointLogic, US dry natural gas production increased 0.1% to 78.4 Bcf (billion cubic feet) per day on March 8–14, 2018.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Why Did US Dry Natural Gas Production Decline?

    US dry natural gas production decreased 0.5% to 78.1 Bcf (billion cubic feet) per day on March 1–7, 2018, according to PointLogic.

    By Gordon Kristopher
  • uploads///NG inventory
    Miscellaneous

    US Natural Gas Inventories Declined

    US natural gas inventories fell by 57 Bcf (billion cubic feet) to 1,625 Bcf on February 23–March 2, 2018, according to the EIA.

    By Gordon Kristopher
  • uploads///NG production
    Miscellaneous

    US Natural Gas Production Hits Record High

    Monthly US natural gas production  On February 28, 2018, the EIA (U.S. Energy Information Administration) released its monthly natural gas production data. It reported that US dry natural gas production rose 4.5% to a record high of 80.9 Bcf per day between November and December 2017. Production rose 7.3 Bcf (10%) per day year-over-year. US natural gas prices have fallen ~30% […]

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

    Drop in US Crude Oil Inventories Boosts Oil Prices

    The EIA reported that US crude oil inventories decreased by 1.6 MMbbls (million barrels) to 420.5 MMbbls on February 9–16, 2018.

    By Gordon Kristopher
  • uploads///NG inventory
    Miscellaneous

    US Natural Gas Inventories: Largest Weekly Withdrawal since 2014

    US natural gas inventories declined by 194 Bcf (billion cubic feet) to 1,884 Bcf on February 2–9, 2018, according to the EIA.

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

    US Crude Oil Inventories Are above Their 5-Year Average

    The EIA reported that US crude oil inventories increased by 1.8 MMbbls (million barrels) or 0.4% to 422 MMbbls on February 2–9, 2018.

    By Gordon Kristopher
  • 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///US crude oil inventory
    Miscellaneous

    US Crude Oil Inventories Hit February 2015 Low

    US crude oil inventories fell by 1.1 MMbbls (million barrels) to 411.6 MMbbls on January 12–19, 2018. Inventories decreased 0.3% week-over-week.

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

    US Dollar Hit a 3-Year Low: Is It Bullish for Crude Oil?

    The US Dollar Index (UUP) fell 0.34% to 90.09 on January 23—the lowest level since December 2014. The fall supported crude oil prices on January 23, 2018.

    By Gordon Kristopher
  • uploads///Libya
    Miscellaneous

    Restarting the Wintershall Oilfields in Libya Could Impact Oil Prices

    On January 21, the NOC (National Oil Corporation) of Libya said that it would restart the Wintershall AG’s Sara oilfield. NOC is a state-owned oil company.

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

    Iraq’s Crude Oil Production Capacity Could Hit 5 MMbpd

    The EIA estimated that Iraq’s crude oil production increased by 60,000 bpd to 4,380,000 bpd in December 2017—compared to the previous month.

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

    US Dollar Recovering from 3-Month Low: Bearish for Crude Oil?

    The US Dollar Index fell ~9.8% in 2017. The dollar fell partly due to the improving economy outside the US. It was the worst annual drop since 2003.

    By Gordon Kristopher
  • uploads///NG consumption
    Miscellaneous

    US Natural Gas Production Could Pressure Prices in 2018

    According to PointLogic, US dry natural gas production fell 3.7% to 74 Bcf (billion cubic feet) per day between December 28, 2017, and January 3, 2018.

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

    Civil Unrest in Iran Could Impact Crude Oil Prices

    On January 3, public protests continued for the sixth consecutive day in Iran. The protests against the government are due to weak economic conditions.

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

    US Natural Gas Production Hit a Record in October

    US dry natural gas production rose 0.7% to 76.8 Bcf (billion cubic feet) per day on December 14–20, 2017, according to PointLogic.

    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///Libya crude oil production
    Energy & Utilities

    How Long Will Libya’s Crude Oil Supply Outage Affect Oil Futures?

    On Tuesday, December 26, 2017, militants blew up the oil pipeline that transports crude oil to the port of Es Sider in Libya.

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

    US Natural Gas Inventories Fell Last Week

    US natural gas inventories fell by 182 Bcf (billion cubic feet) to 3,444 Bcf on December 8–15, 2017, according to the EIA.

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

    US Gasoline Inventories: Bearish Driver for Crude Oil Futures

    The EIA estimated that US gasoline inventories rose by 1.2 MMbbls (million barrels) to 227.7 MMbbls on December 8–15, 2017.

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

    Iran’s Crude Oil Production Is near a 9-Year High

    The EIA estimates that Iran’s crude oil production fell by 10,000 bpd or 0.3% to 3,840,000 bpd in November 2017—compared to the previous month.

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

    EIA Upgrades US Natural Gas Production for 2018

    US dry natural gas production was flat at 76.1 Bcf (billion cubic feet) per day on December 7–13, 2017, according to PointLogic.

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

    US Gasoline Inventories: Turning Point for Crude Oil Futures?

    US gasoline inventories rose by 5.6 MMbbls (million barrels) or 2.6% to 226.5 MMbbls on December 1–8, 2017.

    By Gordon Kristopher
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