2nd Update This Week in Petroleum was just released, and the focus was the gasoline situation. Some excerpts: Why are gasoline prices so high? Gasoline inventories have recently been drawn down at a dramatic rate […]
Tag: gas inventories
This Week in Petroleum 5-9-07
Tale of the Stone Yes, I know I am late getting this out. Some of you may have read about my visit to the hospital about a month ago. Long story short, I have a […]
Gas Boycotts and Gas Prices
Gas BoycottsYou have probably gotten the e-mails. “Don’t buy gas on Wednesday of next week and force the oil companies to lower prices.” Or, “Boycott Shell this week, ExxonMobil next week, etc.” Sometimes I explain […]
This Week in Petroleum 5-2-07
12 Weekly Declines in a Row: Not a Pretty Picture Update: My Limb Has Cracked Two weeks ago, I went out on a limb and said that gasoline inventories would turn up within two weeks. […]
This Week in Petroleum 4-25-07
2nd Update: The gasoline supply situation in the U.S. is just about unprecedented, and for April it is unprecedented. If I go back to 1991 (as far back, it appears, as the EIA maintains a […]
This Week in Petroleum 4-18-07
Really late getting this out this week, but it has been a very hectic 24 hours. I have about 3 posts I need to write up. This week’s report highlights: U.S. crude oil refinery inputs […]
This Week in Petroleum 4-11-07
Update: Gasoline Inventories Are Plummeting This week’s report highlights: U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.7 million barrels compared to the previous week. At 333.4 million barrels, […]
This Week in Petroleum 4-4-07
I don’t think I have ever seen the forecasters miss the estimate this badly. They were forecasting a 300,000 barrel decline in gasoline stocks, and instead got a 5 million barrel decline. For the first […]
This Week in Petroleum 3-28-07
The supply situation is quickly coming to a head, and many questions will be answered in the coming weeks. Will OPEC increase oil production? Can they? Will there be any relief from rising gasoline prices? […]
Inventories are Falling Fast
There has been a lot of speculation lately over whether the Saudi oil production cuts over the past year have been voluntary. I have argued that they were voluntary based on a combination of what […]