Tag: oil inventories

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Just a quick update on the highlights of the weekly EIA report: U.S. crude oil refinery inputs averaged over 15.8 million barrels per day during the week ending July 20, up 172,000 barrels per day […]