We are still on track for $4 gasoline by Memorial Day. If gasoline inventories have fallen significantly by mid-March, it is a near-cinch. One of my recent OPIS reports also said that investors have gone […]
Tag: gas prices
CNN on $100 Oil
CNNMoney had a couple of articles yesterday about oil prices finally hitting $100/bbl: $100 oil and the ‘S’ word Friend of R-Squared, Doug MacIntyre, was quoted at length: The Energy Information Administration, the Energy Department’s […]
This Week in Petroleum 12-12-07
Updated: You would think if last week’s large inventory drop was due to fog-induced delays, all of that crude would show up this week. Not so, as another drop in crude inventories was recorded: U.S. […]
This Week in Petroleum 12-5-07
Update following the release: Big surprises all around this week: Summary of Weekly Petroleum Data for the Week Ending November 30, 2007 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) dropped […]
This Week in Petroleum 11-28-07
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 […]
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 […]
U.S. versus U.K. on Gasoline Prices
In the U.S., high gas prices tend to focus anger toward oil companies. In fact, as a reader recently pointed out, Shell’s CEO has even gotten death threats over the issue: Oil CEO Receives Death […]
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 […]
Making It Up As They Go Along
Oil Watchdog’s latest press release has finally prompted me to write my own. I am composing it now, to be released in the next day or so. Here is the article that is prompting the […]