Tag: EIA
Oil Slides over 2% From 7-Year High
A deal could return more than 1 million barrels per day (bpd) of Iranian oil to the market, boosting global supply by about...
Low Cushing Inventories Could Point Upside for Oil Prices
Crude oil inventories at Cushing, Oklahoma—the designated delivery point for WTI Crude oil futures contracts—have been falling for the past four weeks, reaching what...
LNG Cargoes Still Diverting Toward Europe
Liquefied natural gas (LNG) tankers previously en route to Asia are still diverting toward Europe.
The western part of the continent continues to...
US Gasoline Build Curbs Crude Futures Amid Bullish Economy
Crude oil futures were rangebound in mid-morning trade in Asia April 7 as a build in US gasoline stocks countered a stronger macroeconomic outlook...
U.S. Petroleum Imports Will Be More Than Exports, Forecasts EIA
EIA forecasts the U.S. will import more petroleum than it exports in 2021 and 2022, says an article published on their website.
Status changed in...
American Petroleum Institute Oil Inventory Report Boosts Oil Market!
Oil jumps after API reports draw in crude oil inventories and API estimated a large build in crude oil inventories of 7.58 million...
NatGas Spot Prices Lowest in 2019 Since Three Years
EIA marks 2019 as the year with the lowest natural gas prices for the past three years, reports safety4sea.
In 2019, natural gas spot prices...
EIA Forecasts Expand US Crude Oil Production
EIA increased its forecast of U.S. crude oil production in 2019 by 30,000 barrels per day (b/d) (0.2%) from the October STEO, reports Safety4sea.
EIA...
US Refiners Increase HSFO Throughput As IMO 2020 Approaches
US refiners are looking to blendstocks and feedstocks as they create and market their own low-sulfur marine fuel ahead of 2020.
The production...
Oil Market Awaits Impact of Barry on Stocks
According to an article published in Freight Investor Services, the front end crude spreads and crack is getting slammed in the fuel oil markets...