MARKET INTELLIGENCE & INDUSTRY NEWS

Nov 23, 2016
3 min

EIA's Weekly Crude Inventory Report 11-23-16

WTI crude oil futures erased this morning’s light losses following the inventory report from the government which confirmed the surprise draw that the API reported last night. Meanwhile, gasoline and distillate stocks added more than expected last week as refineries hiked output. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude oil lease stocks in U.S. total commercial crude oil inventory data. Crude oil lease stocks refer to oil (currently ab

Nov 23, 2016
2 min

EIA Natural Gas Storage Report 11-23-16

Leading up to todays report, Natural gas prices closed at a three-week high on Tuesday, as forecasts for more-normal temperatures in the coming weeks boosted the outlook for demand. Forecasts for cooler temperatures have helped boost natural gas prices, after weeks of warmer-than-average weather have weighed on demand. " Wholesale contracts for December delivery settled up 3.2 cents, or 1.1% at $2.9820 a million British thermal units on the New York Mercantile Exchange, the

Nov 22, 2016
2 min

Coal may surpass natural gas as most common electricity generation fuel this winter

After declining for several months, the share of U.S. electricity fueled by coal is expected to slowly begin growing when compared to the same period last year. In contrast, the share of generation from natural gas is expected to experience year-over-year declines. Based on expected temperatures and market conditions, coal is expected to surpass natural gas as the most common electricity generating fuel in December, January, and February. " Natural gas had long been the secon

Nov 17, 2016
1 min

EIA Natural Gas Storage Report 11-17-16

Leading up to todays report, Natural-gas prices rose on Wednesday, reversing the previous day’s losses in anticipation that slightly cooler temperatures will soon begin translating into more demand. " Wholesale contracts for December delivery rose 5.5 cents, or 2.03%, to $2.7654 a million British thermal units on the New York Mercantile Exchange. That has been enough to spark some buying at current low prices, analysts said. " Weather has been mild throughout the fall, stokin

Nov 16, 2016
3 min

EIA's Weekly Crude Inventory Report 11-16-16

WTI crude oil sunk slightly following the inventory report, adding to the marginal losses seen ahead of the release. The government’s report showed a larger-than-expected increase in crude oil as well as surprise increases in both crude products as refiners unexpectedly and substantially ramped up production. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude oil lease stocks in U.S. total commercial crude oil inventory data. Crude oil lease sto

Nov 12, 2016
2 min

U.S. natural gas storage hits all-time high as production declines

The volume of natural gas in storage in the United States hit a record high last week, despite one of the smallest builds in history during this year's injection season, as production declines for the first time in over a decade. The U.S. Energy Information Administration on Thursday said stockpiles hit 4.017 trillion cubic feet during the week ended Nov. 4, topping the previous all-time high of 4.009 tcf set during the week ended Nov. 20, 2015. [EIA/GAS] This year's high cam

Nov 10, 2016
1 min

EIA Natural Gas Storage Report 11-10-16

Leading up to todays report, Natural gas halted its downward slide Wednesday as market participants awaited new data on supplies and more clarity on winter weather forecasts. " Natural gas prices reversed losses early in the day to settle up 5.7 cents, or 2.16%, at $2.69 a million British thermal units on the New York Mercantile Exchange. " Natural gas has been battered for weeks, as persistently warm weather has stoked fears that a warm winter will limit heating demand even

Nov 9, 2016
3 min

EIA's Weekly Crude Inventory Report 11-09-16

WTI crude oil remained lower, marginally paring back on some pre-inventory losses following the report from the government. The EIA reported an inventory build that was less than what had been shown by the API last night, but more than expectations from earlier estimates. Gasoline and distillate stocks withdrew by more than what was expected despite a strong push from refiners to ramp up output. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude

Nov 3, 2016
2 min

EIA Natural Gas Storage Report 11-03-16

Leading up to today's EIA Natural Gas Storage report, Natural gas prices fell sharply once again in yesterday’s trading, with the wholesale contract for December delivery on the New York Mercantile Exchange ending the session down 3.8% at $2.792, the third consecutive lower close. " The wholesale contract is now down 21% from the October closing high. Warmer than average weather conditions in key regions of the U.S., the driver of the October decline, continue to weigh on pri

Nov 2, 2016
2 min

EIA's Weekly Crude Inventory Report 11-02-16

WTI crude oil slightly pared back on this morning’s steep losses despite the EIA’s inventory report which showed a substantially larger build than expected, confirming the sizable build reported by the API last night. Gasoline stocks fell more than expected while distillate’s draw was in line with expectations despite refiners hiking output which was taken as a positive. *Important Disclaimer: Beginning ON 10/13/16 the EIA will no longer include crude oil lease stocks in U.S.

Oct 27, 2016
2 min

EIA Natural Gas Storage Report 10-27-16

Leading up to today's EIA Natural Gas Storage report, Natural gas wholesale contracts fell to a fresh seven-week low on Wednesday, as market players looked ahead to fresh weekly information on U.S. gas inventories to gauge the strength of demand for the fuel. Natural gas for delivery in November on the New York Mercantile Exchange touched a daily low of $2.627 per million British thermal units, a level not seen since September 8 before settling at $2.731, down 4.3 cents, or 1

Oct 26, 2016
2 min

EIA's Weekly Crude Inventory Report 10-26-16

WTI crude oil futures pared back on this morning’s steep losses following the positive inventory from the government that showed crude stocks unexpectedly falling while gasoline and distillate futures drew from inventories much more than expected despite refineries ramping up utilization. *Important Disclaimer: Beginning with last week’s inventory report, the EIA will no longer include crude oil lease stocks in U.S. total commercial crude oil inventory data. Crude oil lease s

Oct 20, 2016
2 min

EIA Natural Gas Storage Report 10-20-16

Leading up to today's EIA Natural Gas Storage report, Natural gas prices rallied a little higher as natural gas traders were attempting to move the market higher as it traded sideways for the 3rd day. " The November wholesale contract was higher by $0.019 cents on the day as Tuesday’s warmer weather raised the prospect of a delayed start to winter demand for natural gas powered heating offset by the meteorologist’s continued call of below normal temperatures for the populated

Oct 19, 2016
2 min

EIA's Weekly Crude Inventory Report 10-19-16

WTI crude oil futures built onto this morning’s strong gains after the EIA confirmed a draw that was initially reported by the API last night which contradicted analyst expectations for another build. However, a surprise increase in gasoline stocks and a smaller than expected draw from distillate stocks should keep gains in check. *Important Disclaimer: Beginning with last week’s inventory report, the EIA will no longer include crude oil lease stocks in U.S. total commercial

Oct 13, 2016
2 min

EIA Natural Gas Storage Report 10-13-16

Leading up to today's EIA Natural Gas Storage report, Natural gas prices retreated for a second-straight session on Wednesday, with analysts saying a recent rally had been so strong that there is cause to become cautious. The market is still up 26% in two months, in a rally that pushed prices to a 22-month high earlier this week. See a recap of previous weeks EIA storage reports here. Many people have been counting on a combination of winter heating demand and lower drilling

Oct 13, 2016
2 min

EIA's Weekly Crude Inventory Report 10-13-16

WTI crude oil futures gave back some of the light gains that were seen ahead of the inventory as crude inventories added more to storage than was expected. Meanwhile, both distillate and gasoline stocks saw larger-than-expected decreases as refiners unexpectedly pulled back on output. *Important Disclaimer: Beginning with today’s inventory report, the EIA will no longer include crude oil lease stocks in U.S. total commercial crude oil inventory data. Crude oil lease stocks re

Oct 12, 2016
2 min

Winter heating bills likely to increase, but still remain below recent winters

Most U.S. households can expect higher heating expenditures this winter (October through March) compared to last winter, according to EIA's Winter Fuels Outlook. Winter heating expenditures for most fuels were especially low last winter, when energy prices were relatively low and warm weather reduced heating demand to the lowest level nationally in at least 25 years. Although expenditures for nonelectric fuels are expected to be higher than last winter, expenditures are compa

Oct 10, 2016
2 min

Energy-related CO2 emissions for first six months of 2016 are lowest since 1991

U.S. energy-related carbon dioxide (CO2) emissions totaled 2,530 million metric tons in the first six months of 2016. This was the lowest emissions level for the first six months of the year since 1991, as mild weather and changes in the fuels used to generate electricity contributed to the decline in energy-related emissions. EIA’s Short-Term Energy Outlook projects that energy-associated CO2 emissions will fall to 5,179 million metric tons in 2016, the lowest annual level s

Oct 6, 2016
2 min

EIA Natural Gas Storage Report 10-6-16

Leading up to today's EIA Natural Gas Storage report, Natural-gas prices ticked higher Tuesday afternoon, rebounding from early morning losses that had taken intraday prices down to a two-week low. Several brokers and analysts said there appeared to be no clear reason for the rebound, which happened nearly entirely in the last half hour before settlement. It is the second-straight session that prices tested their lowest point since mid-September and then bounced higher. See a

Oct 5, 2016
2 min

EIA's Weekly Crude Inventory Report 10-5-16

WTI crude oil futures added lightly to the gains from this morning following the government’s inventory report which revealed mixed results last week. Crude oil and distillate stocks were surprisingly lower than expected, while gasoline inventories added more than expected despite a large pull back in output from refiners. HIGHLIGHTS: US oil production fell 30k b/d. Gasoline demand remains strong. Expect minimal crude builds and strong finished product draws in the coming wee

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