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EIA

US natgas futures rise to 5-week high on small storage build

US natgas futures rise to 5-week high on small storage build

  • The US Energy Information Administration (EIA) said US utilities added 61 billion cubic feet (bcf) of gas into storage during the week ended April 9.
  • That is lower than the 67-bcf build analysts forecast in a Reuters poll and compares with an increase of 68 bcf in the same week last year and a five-year (2016-2020) average increase of 26 bcf.
Published 15 Apr, 2021 08:27pm
Oil near one-month highs as demand outlook improves
Markets

Oil near one-month highs as demand outlook improves

  • US West Texas Intermediate futures fell 36 cents, or 0.6%, to $62.79. It had earlier reached $63.48, also the highest since March 18.
  • The IEA and Organization of the Petroleum Exporting Countries (OPEC) made upward revisions to their global oil demand growth forecasts for 2021 this week to 5.7 million barrels per day (bpd) and 5.95 million bpd respectively.
Published 15 Apr, 2021 07:35pm
US crude stockpiles fall as refiners ramp up output: EIA
Markets

US crude stockpiles fall as refiners ramp up output: EIA

  • Crude inventories fell by 5.9 million barrels in the week to April 9 to 492.4 million barrels, compared with analysts' expectations in a Reuters poll for a 2.9 million-barrel drop.
  • Oil prices rallied on the report. US crude futures were up $2.50 a barrel, or 4.1%, at $62.68 a barrel, while Brent rose 4% to $66.17 a barrel.
Published 14 Apr, 2021 08:22pm
Asia gasoline crack drops
Markets

Asia gasoline crack drops

SINGAPORE: Asia’s gasoline crack extended losses on Thursday after data showed an increase in gasoline stockpiles...
Published 09 Apr, 2021 04:51am
US crude stocks drop, fuel inventories rise: EIA
Markets

US crude stocks drop, fuel inventories rise: EIA

  • Crude inventories fell by 3.5 million barrels in the week to April 2 to 501.8 million barrels, compared with analysts' expectations in a Reuters poll for a 1.4 million-barrel drop.
  • Crude stocks at the Cushing, Oklahoma, delivery hub fell by 735,000 barrels in the last week, EIA said.
Published 07 Apr, 2021 08:24pm
Oil prices rise over 3pc
Markets

Oil prices rise over 3pc

NEW YORK: Oil prices rose more than 3% on Wednesday, boosted by a huge drop in US fuel inventories and expectations...
Published 04 Mar, 2021 04:58am
US natural gas futures slip
Markets

US natural gas futures slip

NEW YORK: US natural gas futures slipped on Thursday on a smaller-than-expected storage draw last week and forecasts...
Published 14 Feb, 2021 03:49am
US natgas futures edge up on cold forecasts, big storage draw
Markets

US natgas futures edge up on cold forecasts, big storage draw

  • The US Energy Information Administration (EIA) said US utilities pulled 192 billion cubic feet (bcf) of gas from storage during the colder than normal week ended Jan. 29.
  • Front-month gas futures rose 2.2 cents, or 0.8%, to $2.811 per million British thermal units.
Published 04 Feb, 2021 09:50pm
US natgas falls over 3pc on small storage draw, lower demand forecasts
Markets

US natgas falls over 3pc on small storage draw, lower demand forecasts

  • The US Energy Information Administration (EIA) said utilities pulled just 128 billion cubic feet (bcf) of gas from storage in the week ended Jan. 22.
  • Last week's decrease cut stockpiles to 2.881 trillion cubic feet (tcf), which was still 9.3% above the five-year average of 2.637 tcf for this time of year.
Published 28 Jan, 2021 09:55pm
Oil prices fall
Markets

Oil prices fall

LONDON: Oil prices fell on Friday, retreating further from 11-month highs hit last week, weighed down by worries ...
Published 23 Jan, 2021 03:56am
Crude stocks jump in most recent week: EIA
Markets

Crude stocks jump in most recent week: EIA

  • Crude inventories rose by 4.4 million barrels in the week to Jan. 15, compared with analysts' expectations for a decrease of 1.2 million barrels.
  • Refinery crude runs rose by 110,000 barrels per day, EIA data showed. Refinery utilization rates rose by 0.5 percentage points.
Published 22 Jan, 2021 09:27pm
US crude stockpiles drop, fuel inventories build: EIA
Markets

US crude stockpiles drop, fuel inventories build: EIA

  • Crude inventories fell by 3.2 million barrels in the week to Jan. 8 to 482.2 million barrels, compared with expectations in a Reuters poll for a 2.3 million-barrel drop.
  • I think what we're seeing here is the drawdown in supply and a big uptick in refinery runs is giving the market an idea that refiners are starting to ramp up production of products.
Published 13 Jan, 2021 09:08pm
US crude stocks slump, fuel inventories surge: EIA
Markets

US crude stocks slump, fuel inventories surge: EIA

  • Crude inventories fell by 8 million barrels in the last week to 485.5 million barrels, compared with analysts' expectations in a Reuters poll for a 2.1 million-barrel drop.
  • Refinery crude runs rose by 89,000 barrels per day in the last week, EIA said.
Published 06 Jan, 2021 09:09pm