OPEC: Venezuela Reports Collapse In Oil Supply, Tightening Global Market
Country’s collapse has contributed to a 32% increase in crude oil prices this year.
April 10, 2019
Crude Oil
EIA: US Crude Oil Stockpiles Surge To 17-Month High
Crude oil stockpiles in the U.S. rose 7 million barrels to 456.6 million barrels in the last week, their highest since November 2017, the EIA said.
April 10, 2019
Putin Says No Imminent Decision On Oil Output Cuts
Russia undertook to cut its production by 228,000 bbl/d but has struggled to comply with the pact.
April 10, 2019
HART ENERGY CONNECT: Rockies Regional Crude Outbound Capacity
Stratas Advisors: The impact the gap in takeaway may have on refineries in the Rockies.
April 10, 2019
Venezuela Pledges To Honor Oil Commitments To Cuba Despite Sanctions
U.S. imposed sanctions on 34 PDVSA vessels that have delivered oil to Cuba.
April 9, 2019
HART ENERGY CONNECT: Stratas Advisors’ Global Gasoline Demand, Vehicle Registrations Outlook
Through the nature of vehicle fleet mechanics, Stratas Advisors’ global automotive service manager, Chris Brown expects gasoline demand to continue to gain ground, despite declining sales growth.
April 9, 2019
What’s Affecting Oil Prices This Week (April 8, 2019)?
In the week since our last edition of What’s Affecting Oil Prices, Brent rose $1.64/bbl last week to average $69.49/bbl, which was above our expectations.
April 8, 2019
Russia Signals OPEC, Allies Could Raise Oil Output In June
One of the key Russian officials to foster a supply pact with OPEC, Kirill Dmitriev, signaled on April 8 Russia wanted to raise oil output when it meets with OPEC in June because of improving market conditions and falling stockpiles.
April 8, 2019
Oil Prices Hit Five-Month Highs
Oil prices rose to their highest levels since November 2018 on April 8, driven up by OPEC's ongoing supply cuts and U.S. sanctions against Iran and Venezuela.
April 7, 2019
US Oil Production Growth To Slow As Shale Revolution Loses Momentum
Oil well productivity in Texas's Permian Basin—the country's largest oil field—is falling, and the number of drilling rigs operating in the U.S. has declined for six straight weeks.
April 5, 2019