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Natural Gas Weak Despite Cold Forecast, Bigger-Than-Expected Inventory Drawdown
Thursday, December 22, 2016 - 3:35pm | 409Read More...Natural gas futures were lower despite bullish inventory data released on Thursday. Futures haven't budged much to the forecasts for colder weather either. Higher Than Expected Inventory Drawdown The Energy Information Administration said in its weekly natural gas storage report natural gas...
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EIA's Inventories Data Sends Oil Higher
Wednesday, October 19, 2016 - 11:10am | 237Read More...The price of oil rose Tuesday afternoon after the American Petroleum Institute's weekly data announcement showed an inventory draw of 3.8 million barrels, which came as a surprise as analysts were expecting a build of around 2.4 million barrels. On Wednesday, the Energy Information...
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Explaining Fundamental Data In Oil: Which Figures Should You Look At?
Thursday, September 22, 2016 - 8:57am | 434Read More...During Wednesday’s PreMarket Prep, Benzinga discussed weekly oil data with Garrett Cook. Cook first looked into American Petroleum Institute (API)’s information, which last published crude oil inventory data Tuesday evening. As per the numbers issued, crude inventories drew by 7.5...
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Global Fossil Fuel Electricity Demand Will Peak In 2025
Tuesday, June 14, 2016 - 2:03pm | 411Read More...In at least one segment of global energy demand, fossil fuel demand growth could peak by 2025. Tom Randall reports that Bloomberg New Energy Finance projects fossil fuel demand for electricity will finally hit its peak in another nine years. “You can’t fight the future,” the...
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Crude Oil Spikes Over $36/Barrel Following API Data, Ahead Of EIA Inventories
Wednesday, April 6, 2016 - 9:10am | 105Read More...Crude oil prices went beyond $36 a barrel mark after a data from American Petroleum Institute (API) showed an oil inventory draw down of 4.3 million barrels. The data also showed that gasoline draw of 116,000 barrels and distillate build of 2.68 million barrels. The API data is a closely watched...
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Solar Installation Data May Put Full-Year Guidance At Risk, Gordon Johnson Warns
Thursday, March 31, 2016 - 10:26am | 345Read More...The latest solar installation numbers indicate that 2016 could be a rough year for U.S. solar companies. Axiom analyst Gordon Johnson reported early PV pricing trends and installation rates are way off industry projections for the full year. The Energy Information Administration (EIA) just...
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The Oil Rally: More Than Just A Short Squeeze?
Tuesday, September 1, 2015 - 1:00pm | 467Read More...Crude oil closed out its largest three-day price surge since 1990 on Monday, and the United States Oil Fund LP (ETF) (NYSE: USO) is up more than 23 percent in less than a week. Oil bears on Wall Street are arguing that the movement is simply a temporary short squeeze following WTI’s drop to...
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Great Lakes Region Hit With Temporary Gas Price Hike
Tuesday, August 11, 2015 - 5:08pm | 583Read More...Over the past weekend, the BP plc (ADR) (NYSE: BP) refinery in Whiting, Indiana suffered a malfunction in a 240,000 barrel per day crude distillation unit (CDU). The malfunction caused the company to shut the unit down for the next seven to 12 days. Great Lakes Area Impacted At a time of...
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The Antiquated Ban On U.S. Oil Exports
Monday, August 3, 2015 - 11:50am | 947Read More...U.S. House Speaker John Boehner threw his support behind efforts in Congress to end the decades-old ban on crude oil exports on Thursday. The United States prohibited itself from selling oil to foreigners – with some exceptions – during the 1970s, at a time when policymakers wanted to...
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2015 EIA Conference: Who's Speaking & What's Being Said
Monday, June 15, 2015 - 12:16pm | 535Read More...The U.S. Energy Information Administration (EIA) is holding its 2015 EIA Energy Conference on Monday and Tuesday in Washington, DC. This event seeks to address energy issues, not only in the United States, but also at a worldwide scale. The conference’s latest developments can be followed...
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5-Minute Warning For EIA Natural Gas Storage Report
Thursday, June 4, 2015 - 10:26am | 107Read More...The U.S. Energy Information Administration will release its figures for last week's domestic natural gas inventories at 10:30 a.m. EST. Experts forecasts sit at 121 billion cubic feet. If the estimate is correct, a trend of steadily increasing storage levels would continue. The net injection for...
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3 Experts Weigh In On Oil Inventories
Wednesday, June 3, 2015 - 2:11pm | 732Read More...The U.S. Energy Information Administration released its weekly Petroleum Status Report Wednesday morning. The institute reported a decrease in crude oil inventories of 1.9 million barrels for the week ending May 29, versus expectations of a draw of 1.7 million. Still, at 477.4 million barrels,...
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EIA Oil Inventories Expects Smaller Drop From Previous Week
Wednesday, June 3, 2015 - 9:38am | 238Read More...The weekly Energy Information Administration petroleum inventory report is due out at 10:30 a.m. EST, with expectations of a drop of 2 million barrels for the week ending May 29. This follows a 2.8 million barrel drop from the previous week. The recent figures have been distorted by pipeline...
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Oil Stocks Are Surging
Wednesday, April 15, 2015 - 12:22pm | 495Read More...A report by the U.S. government on Wednesday indicated that crude supplies rose 1.29 million barrels last week, marking the smallest weekly gain since the seven-day period ending January 2. Analysts were expecting a gain of 3.6 million barrels for the week. The report, issued by the Energy...
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Think U.S. Oil Production Is Slowing Down? Think Again
Friday, February 13, 2015 - 11:45am | 514Read More...The sharp decline in oil prices since mid-2014 has been the result of a massive oil supply glut in the market. As North American production started booming over the past several years, demand failed to keep up with the rapidly-growing supply. But now that the price of WTI crude oil has fallen...
