Tag: EIA
US weekly EIA crude oil inventories +12018K vs +2560K anticipated
Prior was +5521KGasoline -3658K vs -1160K expDistillates -1915K vs -1600K expRefinery utilization -1.8% vs +2.6% expManufacturing mbpd 13.3 mbpd vs 13.3 mbpdImpld mogas demand: 8.17 mbpd vs 8.81 mbpd priorPersonal oil...
US weekly EIA oil inventories +2588K vs +1029K expected
Prior was -1725KGasoline -1478K vs -805K expectedDistillates +170K vs -1138K expectedRefinery utilization -0.6% vs +0.3% expectedSPR draw of 3.4m vs -3.4m expectedImplied oil demand 20.587m vs 20.761m priorGasoline implied demand +252k bpdAPI data...
Oil Prices Eye EIA Inventory Data as Biden Administration Considers Extreme Actions
WTI Crude Oil, Inventory Data, EIA, Biden, Crack Spreads – Talking PointsWTI crude oil prices see a modest bounce after a sharp drop on additional SPR newsBiden administration said to be considering extreme...
US EIA cuts estimates for US crude oil output
Oil is struggling today on demand worries but supply will be the story next year.The latest numbers from the EIA peg US output rising 500,000 barrels per day this year versus 540,000 bpd...
EIA Storage Data and OPEC ‘Supply Cuts’ Lift Oil
WTI Crude Oil News and Analysis‘Supply cut’ comments rattle oil markets ahead of inventory dataRSI indicator suggests the recent pullback may be short-lived – downtrend very much intactOil-focused data: API and EIA inventory...
Impact of EIA Report on Crude Oil Futures
Prices at the pump are down a bit lately but what’s next? The Energy Information Administration (EIA) publishes a massive number of statistics. The EIA’s weekly inventory report is widely followed by traders...
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