Updated Following Report Release About 10 seconds after the report was released, I scanned down and found what I was looking for: U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) fell […]
Tag: EIA
This Week in Petroleum 10-31-07
Halloween Edition – Updated following the release of the report Overall inventories decreased, and there was a fairly large crude draw, which is likely to push oil prices up from here. If the Fed cuts […]
This Week in Petroleum 10-24-07
Whoa! The analysts missed this one by a mile. Here were the predictions, prior to the release of the report: Analysts surveyed by Dow Jones Newswires on average predict crude inventories rose 300,000 barrels during […]
This Week in Petroleum 10-17-07
As I watched oil hit $89 earlier today, I just shook my head and said “We have to be very close to the top.” After all, this happened in spite of bearish news that crude […]
This Week in Petroleum 10-3-07
I almost never talk about distillates, which are hydrocarbons that are heavier than gasoline and are used to make diesel and heating oil. I don’t use heating oil or diesel, so I don’t think about […]
This Week in Petroleum 9-26-07
Three weeks ago I wrote that I expected gas prices to rise, which is unusual for this time of year: I predict that prices will continue to rise. I think they have to. I also […]
This Week in Petroleum 9-19-07
Some surprises in this week’s numbers: The Energy Department’s Energy Information Administration reported that crude inventories fell by 3.8 million barrels during the week ended Sept. 14, more than double the 1.5 million-barrel decline analysts […]
This Week in Petroleum 9-06-07
Another week, another all-time low on gasoline inventories. As I wrote last week: Gasoline inventories were not this low following Hurricane Katrina, and yet we have had an uneventful summer. It is very possible that […]
The Week in Energy – September 1, 2007
As I mentioned in the previous post, I plan to start posting on a more infrequent basis. Every 5-10 days, I will post some short excerpts/links to energy stories I found interesting, odd, or comical. […]
This Week in Petroleum 8-01-07
Edited to add: Just got a note from the API. They added: According to today’s API report outlining last week’s production figures, gasoline production reached an all-time high of 9.63 million barrels per day, nearly […]