Sentences with phrase «oil inventories in»

This increase follows the reduction in OPEC's oil production quotas, effective from last November, and low oil inventories in the US.

The OPEC Production Cut: A meeting of the OPEC and non-OPEC oil producers last Thursday found that oil inventories in developed economies had dropped to only 12 million barrels over the official target of the cuts — the five - year average.

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

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.

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

Not exact matches

LONDON, April 25 (Reuters)- Oil eased on Wednesday, but held in sight of three - year highs reached the previous day, as rising U.S. fuel inventories and production weighed on an otherwise bullish market.

The result: In March, oil inventories finally fell, reversing a yearlong trend.

Oil ran ahead $ 2.99 to US$ 106.52 a barrel as U.S. crude inventories came in higher than expected.

Yet with global growth declining, oil inventory at record levels, and momentum on the side of increasingly cost - competitive renewable energy technologies, there remains a high possibility the energy sector will face another existential crisis in the near future.

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.

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

The American Petroleum Institute puts out its monthly report on U.S. oil inventories and demand on Thursday, a day after the U.S. Energy Information Administration releases its own oil inventory report, while Friday brings Baker Hughes» weekly look at the number of oil and gas rigs operating in the U.S..

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.

Meanwhile, global oil stockpiles in developed countries could actually fall below the five - year average — the level OPEC is targeting — as inventories approach normal levels, oil demand potentially outstrips Goldman's estimate and OPEC possibly cuts output too deeply.

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

«Last year, we successfully completed the transformation of our extensive Spraberry / Wolfcamp acreage position in the Permian Basin of West Texas from a vertical oil play into a horizontal oil play with a drilling inventory that will last decades,» chairman and CEO Scott D. Sheffield said in the company's 2014 annual report.

CNBC's Jackie DeAngelis reports on the close of the oil market following a surprise build in inventories.

Investors will scour weekly oil inventory statistics from the Energy Information Administration later on Thursday after industry data showed a rise of 2.1 million barrels in crude stockpiles last week.

CNBC's Jackie DeAngelis reports on the pullback in oil prices ahead of inventory numbers expected this week.

A U.S. crude inventory build of 2.6 million barrels in the week through Dec. 25 could keep downside pressure on oil, reports CNBC's Jackie DeAngelis.

CNBC's Jackie DeAngelis is at the NYMEX reporting the latest in crude oil prices, and what can impact gas inventories.

SINGAPORE, May 3 (Reuters)- Oil prices fell early on Thursday, pulled down by a rise in U.S. crude inventories and record weekly U.S. production, which is countering efforts by producer cartel OPEC to cut supplies and prop up prices.

A company that supplies steel tubing to oil and gas companies in the Rocky Mountain region revolutionized the way the firm communicates information about inventory and supplies by networking storage yards along rail routes.

Another catalyst can be found in the surge in WTI oil due to tighter inventories corresponding with less flow through the Keystone pipeline from Canada.

These risks include, in no particular order, the following: the trends toward more high - definition, on - demand and anytime, anywhere video will not continue to develop at its current pace or will expire; the possibility that our products will not generate sales that are commensurate with our expectations or that our cost of revenue or operating expenses may exceed our expectations; the mix of products and services sold in various geographies and the effect it has on gross margins; delays or decreases in capital spending in the cable, satellite, telco, broadcast and media industries; customer concentration and consolidation; the impact of general economic conditions on our sales and operations; our ability to develop new and enhanced products in a timely manner and market acceptance of our new or existing products; losses of one or more key customers; risks associated with our international operations; exchange rate fluctuations of the currencies in which we conduct business; risks associated with our CableOS ™ and VOS ™ product solutions; dependence on market acceptance of various types of broadband services, on the adoption of new broadband technologies and on broadband industry trends; inventory management; the lack of timely availability of parts or raw materials necessary to produce our products; the impact of increases in the prices of raw materials and oil; the effect of competition, on both revenue and gross margins; difficulties associated with rapid technological changes in our markets; risks associated with unpredictable sales cycles; our dependence on contract manufacturers and sole or limited source suppliers; and the effect on our business of natural disasters.

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.

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.

Oil extended gains, with Brent crude soaring more than 3 percent, on a reported decline in U.S. crude inventories and after sources signaled top exporter Saudi Arabia wants to see crude closer to $ 100 a barrel.

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.

As refineries along the Gulf Coast slowly resume normal operations, there was no surprise in this week's EIA inventory report: a build of 4.6 million barrels of crude oil.

The U.S. dollar clung to gains amid fading concerns over a global trade war, while oil soared on a reported decline in U.S. crude inventories and the possibility of supply disruptions.

A dip in oil prices (WTI from $ 67.50 - $ 67.20, API reported larger than expected build in US oil inventories) as well as news of a potential Trump subpoena from Mueller weighed on stocks.

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.

Later in the morning, US stocks turned lower (S&P -12 to 2643, consumer staples lead decliners), with a further decline in oil (WTI to $ 66.91 - EIA Oil Inventories showed a much larger than expected build) weighioil (WTI to $ 66.91 - EIA Oil Inventories showed a much larger than expected build) weighiOil Inventories showed a much larger than expected build) weighing.

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 StateIn 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 Statein the prolonged consequences of Hurricane Harvey and Irma on oil dynamics in the United Statein the United States.

An unexpected rise in the API US Oil Inventory Report pushed oil lower (WTI down to $ 67.58) and weighed on stocOil Inventory Report pushed oil lower (WTI down to $ 67.58) and weighed on stocoil lower (WTI down to $ 67.58) and weighed on stocks.

Analysts now believe a strong bounce in oil prices is due as inventories have been drawing at a «phenomenal» pace.

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.

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.

Oil will also be in the spotlight with government inventory data expected at 10:30 a.m. Wednesday.

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.

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.

Related: Oil Prices Slip Despite Modest Draw In Crude Inventories

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

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 stoOil 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 stooil inventories were in good shape heading into the hurricane and because crude oil production will be less affected by the stooil production will be less affected by the storm.

Last week, the sharp drawdown in inventories made headlines, but buried within the weekly figures was a bounce back in oil production, reigniting fears that the market will take much longer to balance.

There are still very large volumes of oil sitting in storage, but inventories have already started a slow drawdown.

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.