Sentences with phrase «crude oil inventories»

This week's crude oil inventory build takes away from the previous streak of draws that saw almost 50 million barrels removed from inventory, according to API data.

Oil prices are falling because crude oil inventories were in good shape heading into the hurricane and because crude oil production will be less affected by the storm.

This week's chart shows the link between crude oil inventory and prices.

Yesterday, oil prices were boosted by the EIA reporting a fresh draw in crude oil inventories for the week to May 12, at 1.8 million barrels.

U.S. crude oil inventories rose by 2.2 million barrels in the week to April 20, to 429.74 million barrels.

Rising US crude oil inventories sent prices tumbling this week.

Amid restarting refineries along the Gulf Coast and growing optimism about strengthening demand, the EIA dampened spirits somewhat by reporting a substantial increase in crude oil inventories for the week to September 15.

The OPEC deal seems to finally be bearing fruit in the form of a sharp decline in global crude oil inventories.

Crude oil inventories rose by 2.4 m barrels while both gasoline and distillate stocks were lower.

With oil prices already down on the day, the American Petroleum Institute (API) reported a large build of 3.427 million barrels of United States crude oil inventories for the week Continue Reading

According to the U.S. Energy Information Administration, «U.S. crude oil inventories remain near levels not seen for this time of year in at least the last 80 years.»

The chart above shows that the U.S. Energy Information Administration estimates that commercial crude oil inventories at OECD countries could hit their lowest in two years by the end of 2017, coinciding with a sharp drop in U.S. inventories.

Traders look ahead to a fresh batch of crude oil inventory data from the American Petroleum Institute (API) due Tuesday after data last week showed an unexpected build in U.S. crude stockpiles.

American Petroleum Institute (API) crude oil inventory data Oil inventory build of 2.6 mln barrels Cushing draw of 319K barrels Gasoline -1.94 mln bbls Distillate -95 K bbls The survey expectations Continue Reading

The authority reported a 1.8 - million - barrel decline in U.S. commercial crude oil inventories for the week to September 22, to a total 471 million barrels.

In spite of analyst warnings, prices remained stable after the third weekly crude oil inventory increase, suggesting that market players have already factored in the prolonged consequences of Hurricane Harvey and Irma on oil dynamics in the United States.

CNBC's Bertha Coombs reports on crude oil inventories, saying commercial crude stockpiles rose by 3.5 million barrels.

The migrations of crude oil inventories from the Midcontinent to the Gulf Coast will increase exports of refined products.

U.S. crude oil inventories rose by 2.2 million barrels in the week to April 20, to 429.74 million barrels.

CNBC's Jackie DeAngelis reports on the weekly EIA status report showing crude oil inventories up at 3.9 million barrels and gasoline inventories down at 4.5 million barrels.

A day earlier the American Petroleum Institute had estimated crude oil inventories had risen for the second week in a row, by a hefty 6.18 million barrels, which was only to be expected as the market is prepared for the Hurricane Harvey effects on Gulf Coast refining to linger for another few weeks.

OPEC's goal is to bring crude oil inventories back to average levels, not just products.

I am expecting crude oil inventories in Cushing to build this week as the net inflow (inflow - outflow) into Cushing showed a modest increase last week.

Most recent EIA data puts crude oil inventories at 527.

On Wednesday, Saudi Energy Minister Khalid al - Falih said — after meeting with his Russian counterpart Alexander Novak — that OPEC and non-OPEC producers are committed to do «whatever it takes» to draw the global crude oil inventories down to their five - year average.

OPEC and Russia are already achieving what they intended to achieve with the deal — a decline in crude oil inventory levels around the globe, the minister said.

The site bases its predictions on weekly industry reports that measure crude oil inventory and refinery output levels.

This, along with decreasing US crude oil inventories, led oil prices up in the second half of 2017.

The American Petroleum Institute (API) reported a build of 6.181 million barrels in United States crude oil inventories, compared to analyst expectations that inventories would build by 10.1 million barrels for the week ending September 8 as many refineries in the Gulf Coast remain offline and demand in Florida wanes in the wake of the most recent hurricane.

However, crude oil inventories remain high, with current storage levels near 500 million bbl, which is approximately 9 million bbl ahead of last year.

Global crude oil inventories had reached record highs, and the price of oil had crashed following a disastrous decision by the cartel in 2014 to defend market share.

Also on the economic calendar today we have industrial / manufacturing production data at 9:15 am and crude oil inventories at 10:30 am.

Talk of higher oil prices usually sends oil prices higher, and the situation was supported Wednesday by a drain on U.S. crude oil inventories.

The market was already moving upward on the back of this morning's EIA report, which reported a draw in crude oil inventories of 1.9 million barrels — the fourth draw in a week.

Crude oil prices inched up after the EIA reported a smaller - than - expected build of 5.9 million barrels in crude oil inventories for the week to September 8, after a 4.6 - million - barrel build in the prior week due to the Gulf Coast refinery shutdowns.

U.S. crude oil inventories are up 4.7 million barrels.

CNBC's Jackie DeAngelis reports oil prices are higher, after a draw down of 4.05 million barrels in crude oil inventories.

«Many refineries are still out or with low runs so a build in crude oil inventories is expected next week and a draw on diesel, heating oil with gasoline moving sideways because no cars are moving,» said Michael Poulsen, oil analyst at Global Risk Management in Copenhagen.

This cutback in exports to the U.S. is one factor in the fall of overall U.S. crude oil inventories, and the rising prices.

Although U.S. crude oil inventories are at «historically high levels» for this time of year, according to the Energy Information Adminstration's Weekly Petroleum Status report, Molchanov predicts inventories will trend lower by the middle of the year as prices recover.

The EIA reported that refinery runs last week averaged 14.5 million barrels of crude, a decline from 17.7 million bpd the week before, when the authority also reported a 5.4 - million - barrel draw in crude oil inventories.

That US crude oil inventories would increase in the wake of Hurricane Harvey was largely anticipated, with some saying as much as 40 - 60 million barrels could be added to inventory while shuttered refineries struggle to come back online.

As WTI enjoys the first meaningful price rise since this spring, and a day after the API injected further optimism in markets by reporting a 761,000 - barrel draw in U.S. crude oil inventories, the EIA added fuel to the celebratory mood.

Goldman says the lingering effects will be «modestly bearish,» projecting a 40 - million - barrel increase in crude oil inventories.

The American Petroleum Institute (API) reported a draw of 761,000 barrels in United States crude oil inventories, compared to analyst expectations that inventories would build by 3.422 million barrels for the week ending September 22.

This week's crude oil inventory draw should renew investor faith that the previous lengthy streak of draws — interrupted by a few weeks of builds — is still ongoing.

It's a quiet day on the release front, as the sole event is Crude Oil Inventories.

The sole event on the schedule is Crude Oil Inventories, which posted a gain of 2.2 million, easily beating the estimate of -1.6 million.