Sentences with phrase «oil inventories for»

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.

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 a report, OECD oil inventories for the first time in 3.5 years have fallen below normal because of a massive inventory draw of 46 million barrels in February which is six times the normal draw rate.

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 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.

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.

Not exact matches

Oil prices were steady on Thursday following a larger - than - expected increase in U.S. crude inventories: U.S. crude futures were higher by 0.04 percent at $ 67.96 per barrel and Brent crude futures for July delivery were flat at $ 73.36.

OECD oil inventories have fallen back in line with the five - year average and are now below the average if adjusted for increased consumption.

The Organization of the Petroleum Exporting Countries also said oil inventories across the most industrialized countries rose in January for the first time in eight months, a sign the impact of its output cuts may be waning.

Currie and his colleagues also say that «oil inventories should be adjusted for demand levels to correct for a steadily growing oil market.»

The agency also reported that commercial oil inventories in industrialized nations rose in January for the first time in seven months.

Inventory builds a concern for the oil market as energy investors turn their focus to the Fed.

CNBC's Jackie DeAngelis reports on expectation for oil inventory ahead of Department of Energy report.

Whether or not that happens — and frankly, it's an extreme example of the worst - case scenario for US shale producers — a glut of global oil inventories is already weighing on oil prices.

LONDON, May 3 - Oil prices slid lower on Thursday as swelling U.S. crude inventories and record weekly U.S. production offset concerns over OPEC supply cuts and the potential for new U.S. sanctions against Iran.

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.

LONDON, May 3 (Reuters)- Oil prices slipped on Thursday as swelling U.S. crude inventories and record weekly U.S. production clashed with OPEC supply cuts and the potential for new U.S. sanctions against Iran.

LONDON, May 3 - Oil prices slipped on Thursday as swelling U.S. crude inventories and record weekly U.S. production clashed with OPEC supply cuts and the potential for new U.S. sanctions against Iran.

U.S. oil inventories declined for 10 straight weeks as of January 24, the longest stretch ever recorded, before jumping again in the week ended January 31.

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.

Gulf Coast distillate fuel oil inventories have fallen for four consecutive weeks, according to EIA data.

Genscape, which tracks oil inventories, reported a near 2.4 million - barrel build last week in Cushing, the Oklahoma delivery point for U.S. crude futures, a market source said.

Oil could again be a positive catalyst for stocks Wednesday, as traders await government inventory data that could be more bullish than expected.

The oil futures editor of the service noted that «U.S. inventory data will reflect post-Hurricane Harvey adjustments for another few weeks, at a minimum, as Gulf Coast refiners, terminals and ports continue the process of returning to normal.»

NEW YORK Oil prices rose on Thursday, boosted by OPEC production cuts and the potential for new U.S. sanctions against Iran, but gains were limited by growing U.S. crude inventories.

Oil prices have arisen from the lows set in March, but a glut of inventory and few catalysts for dramatic jumps in global energy demand suggest 2015 earnings will likely be less than half of last year's tally.

Overall, however, traders were surprised as declines in US stockpiles since January brought them below the closely watched five - year average for the first time since 2014.3 Quarter - end US oil inventories stood at 429.9 mb, which was 19.5 % below the year - ago level.3

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.

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.

Healthy demand growth for fuel not only in emerging economies led by China and India, but also in Europe, is helping global inventories to draw down faster now, keeping the oil market on the right track towards rebalancing, according to industry executives who spoke at a conference on Tuesday.

It's «mission accomplished» for OPEC in its battle against bulging global inventories of oil, thanks to the production cuts it has had in place for nearly 18 months.

The Wyden - Gregg bill from 2010 does not repeal LIFO, though it does propose a one - time adjustment for large oil companies which reduces the benefit of LIFO by re-valuing their inventory.

The EIA reports: «At 528.7 million barrels, U.S. crude oil inventories are near the upper limit of the average range for this time of year.»

On another note, crude oil also extended its recent bullish move, with the WTI contract rising above $ 65, for the first time since early February, helped by the surprise inventory draw in the US as well.

The first task is to look for the date of release of oil inventories in the economic calendar.

Low oil prices and the rouble's weakness account for Moscow's decline, whilst the pace of growth in Tokyo has slowed considerably and inventory levels are on the rise.

The energy sector has been out of favor for so long now that the lack of investment combined with OPEC production cuts are pushing down global oil inventories while world economies continue to grow.

Oil prices pushed lower for most of last week on the news that U.S. commercial crude inventories rose to the highest level for this time of the year in at least 80 years, though prices reversed sharply on Friday.

Even though we may be perhaps two - thirds through the inventory destocking part of the down cycle, what does the longer - term future hold for steel and crude oil prices?

U.S. oil inventories continued to streak lower for a record - breaking 10 weeks in a row even as U.S. oil production is approaching record levels.

But in early March figures revealed that a resurgence in production in US shale fields had increased US crude inventories to record levels, which pushed a leading benchmark for oil prices below US$ 50 per barrel for the first time this year.

All markets will continue to focus on the volatility in the equity and bond markets, geopolitical events, developments with the Trump Administration, corporate earnings, oil prices, and will turn to earnings from Apple after the bell today, and reports tomorrow on Japanese PMI, Chinese Caixin PMI, Eurozone GDP, PMI, Unemployment, US MBA Mortgage Applications, ADP Employment Change, Oil Inventories, and the FOMC Meeting Statement for near term directioil prices, and will turn to earnings from Apple after the bell today, and reports tomorrow on Japanese PMI, Chinese Caixin PMI, Eurozone GDP, PMI, Unemployment, US MBA Mortgage Applications, ADP Employment Change, Oil Inventories, and the FOMC Meeting Statement for near term directiOil Inventories, and the FOMC Meeting Statement for near term direction.

«With greater confidence that the global oil market can finally shift into deficit later next year, we now believe that there is a strong rationale for low - cost producers to deliver a swift production cut to normalize inventories,» Goldman analysts wrote in a research note this week.

It's been a tough year so far for oil, with concerns about excess US inventory among factors driving prices lower.

But for the biggest companies, the figures are quite exact: If you burned everything in the inventories of Russia's Lukoil and America's ExxonMobil, for instance, which lead the list of oil and gas companies, each would release more than 40 gigatons of carbon dioxide into the atmosphere.

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.»

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We have updated the Weekly Inventories Report and After Hours Trading Systems inputs for Crude Oil to include a MaxDailyEntries input to limit our daily risk.