2nd Update Crude was down sharply following today’s release. The AP explains: NEW YORK (AP) — Oil’s rise to $100 a barrel, which seemed a done deal as recently as two days ago, was dealt […]
Tag: gas inventories
This Week in Petroleum 11-21-07
2nd Update: Well, we got that big surprise, primarily because crude imports were sharply down from last week. Some excerpts: U.S. crude oil refinery inputs averaged 14.9 million barrels per day during the week ending […]
This Week in Petroleum 11-15-07
2nd Update Now, 30 minutes after the release of the report, the market is starting to react, and oil prices are falling. Are traders really that slow to react? Or is that some kind of […]
This Week in Petroleum 11-7-07
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 […]
That Took Long Enough
I have been warning that gas prices have to move up. Refinery margins are getting killed, oil prices are rising, and gasoline prices are flat. Some are convinced that it is just manipulation to get […]
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 […]
Answering Questions – Part II
OK, I think this finishes off the questions. Thanks to all who asked a question. I think this has been a productive exercise, and I hope you find my answers useful. I may do this […]
Answering Questions – Part I
Back in Aberdeen after some very interesting meetings in London, some of which I hope to be able to discuss in the not too distant future. I started working my way through the list of […]