Joseph
Markman
Hart Energy
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.
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.
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.
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.
US Court Rejects Bid to Block Sale of Texas Oil Refinery to Mexico’s Pemex
Owners of a Mt. Vernon, N.Y., coin-operated laundromat who filed the lawsuit, claimed the sale of Shell’s Texas oil refinery to Mexico’s Pemex would raise U.S. gasoline prices, harm their customers and reduce their profits.
US Crude Stockpiles Drop, But Fuel Builds Sharply: Report
The drawdown in U.S. crude oil inventories was related in part to year-end tax considerations that prompt companies to reduce inventories, especially in the Gulf Coast, to reduce tax burdens.
Midstream Outlook: More Cash, Fewer Projects
Ajay Bakshani, co-author of East Daley’s annual Dirty Little Secrets midstream outlook, discusses the expectations for $90 billion in free cash flow and why ‘midstream can really do it all in the next few years.’
US Gasoline Prices Fall a Little Or a Lot, Depending Where You Are
The main reason gasoline prices are lower has been the falling price of crude oil, which makes up more than half of the price of gasoline.
US Fuel Demand Surges to Record on Buzzing Holiday Activity
Andrew Lipow of Lipow Oil Associates in Houston warned that the volatility in the figures could mean next week’s numbers will drop off sharply.
White House On High Gasoline Prices: ‘We’re Frustrated’
“Yes, we’re frustrated. We’re frustrated because you’ve seen a decrease in oil prices. You’ve not seen a decrease in gas,” White House press secretary Jen Psaki said at a news briefing.