Petrochemicals

Petrochemicals , Crude Oil , Storage

US Crude Oil, Fuel Stockpiles Fall; Strategic Reserves at 2002 Low

U.S. crude stocks in the Strategic Petroleum Reserve (SPR) fell to 577.5 million barrels, the lowest since July 2002.

March 9, 2022

Petrochemicals , Crude Oil , Trade , International

Closer Look: US Imports of Russian Oil

RED President Steve Hendrickson examines the U.S. imports of Russian crude and petroleum products plus the likelihood of losing those volumes. 

March 4, 2022

Petrochemicals , Crude Oil , Trade , International

US Hits Russian Oil Refining Sector, Slaps Export Curbs on Belarus

Oil marched relentlessly higher beyond $110/bbl on March 2, responding to a flood of divestment from Russian oil assets by major companies and expectations that the market will remain short of supply for months to come.

March 3, 2022

Petrochemicals , Crude Oil , Storage

US Crude Oil Stockpiles Rise, Fuel Inventories Fall

“The Cushing situation is getting worrisome,” said John Kilduff, partner at Again Capital LLC. “That's supportive of the contract.”

February 24, 2022

Petrochemicals , Crude Oil , Storage

US Crude Oil Stockpiles Rise Despite Cushing Draw, Record Fuel Demand

Cushing’s importance to the market has waned in recent years as producers send more inventories to the U.S. Gulf for export, but it is still notable as it is the delivery point for U.S. crude futures.

February 16, 2022

Petrochemicals , Crude Oil , Storage

US Crude Stockpiles Drop Unexpectedly as Demand Hits Record High: Report

Overall, the mild softness in oil demand witnessed in early January due to the Omicron coronavirus variant seems to have passed, analysts say.

February 9, 2022

Petrochemicals , Crude Oil

Column: Depleted US Distillate Stocks Show Supply Chain Pressure

Distillate shortfalls will continue to exert upward pressure on oil prices until Saudi Arabia and U.S. shale producers raise their output faster, or more likely until the economy enters a slowdown, writes Senior Market Analyst John Kemp.

February 7, 2022

Petrochemicals , Crude Oil , Storage

US Crude Oil, Distillate Stockpiles Fall; Gasoline Builds

“As we drift towards the three-year low in U.S. storage levels, it justifies the pop we are seeing in the market,” said Bob Yawger, director of energy futures at Mizuho.

February 2, 2022

Petrochemicals , Crude Oil , Storage

US Crude, Gasoline Stocks Build, Even as Fuel Demand Surges

Overall product supplied—a measure of demand—surged again, putting the four-week moving average at 21.2 million bbl/d, ahead of pre-pandemic trends.

January 26, 2022

Petrochemicals , Crude Oil , Storage

US Crude Oil Stockpiles Rise for First Time Since November

Crude inventories in the U.S. rose by 515,000 barrels in the week to Jan. 14 to 413.8 million barrels, compared with analysts’ expectations in a Reuters poll for a 938,000-barrel drop.

January 20, 2022