Global oil inventory report
Summary of Weekly Petroleum Data for the week ending September 6, 2019. U.S. crude oil refinery inputs averaged 17.5 million barrels per day during the week ending September 6, 2019, which was 114,000 barrels per day more than the previous week’s average. Refineries operated at 95.1% of their operable capacity last week. Oil may jump as much as $10 a barrel after Saudi Arabia attack. News 9/15/2019. While analysts agree that prices will spike initially, the duration of the outage is key. Saudi Arabia has millions of barrels stored in locations around the world, which they can draw down to replace the lost production. When Is The Crude Oil Inventories Number Released? The weekly EIA report release time is every Wednesday at 10:30 a.m. New York Time. This is an extremely volatile time to trade as the numbers represents the change in the number of barrels of Crude Oil held in reserve by commercial firms and the oil prices can jump which makes for some great trading action. What is the EIA? The American Petroleum Institute reports inventory levels of US crude oil, gasoline and distillates stocks. The figure shows how much oil and product is available in storage.The indicator gives an overview of US petroleum demand. If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. Sustainability Shift — Oil's future in the energy transition Global energy demand continues to rise as public pressure mounts on governments and companies to adopt stronger environmental and social policies. VIEW THE SPECIAL REPORT
The weekly inventory report shows how U.S. oil stocks, other than those in the strategic petroleum reserve, have changed in the prior week. This is a major market-
OECD / US Oil Inventories. This chart depicts seasonal oil inventories of crude oil and petroleum products within Organisation for Economic Co-operation and Development (OECD) countries. Oil inventories act as the balancing point between supply and demand. Summary of Weekly Petroleum Data for the week ending September 6, 2019. U.S. crude oil refinery inputs averaged 17.5 million barrels per day during the week ending September 6, 2019, which was 114,000 barrels per day more than the previous week’s average. Refineries operated at 95.1% of their operable capacity last week. Oil may jump as much as $10 a barrel after Saudi Arabia attack. News 9/15/2019. While analysts agree that prices will spike initially, the duration of the outage is key. Saudi Arabia has millions of barrels stored in locations around the world, which they can draw down to replace the lost production. When Is The Crude Oil Inventories Number Released? The weekly EIA report release time is every Wednesday at 10:30 a.m. New York Time. This is an extremely volatile time to trade as the numbers represents the change in the number of barrels of Crude Oil held in reserve by commercial firms and the oil prices can jump which makes for some great trading action. What is the EIA? The American Petroleum Institute reports inventory levels of US crude oil, gasoline and distillates stocks. The figure shows how much oil and product is available in storage.The indicator gives an overview of US petroleum demand. If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. Sustainability Shift — Oil's future in the energy transition Global energy demand continues to rise as public pressure mounts on governments and companies to adopt stronger environmental and social policies. VIEW THE SPECIAL REPORT Oil prices pared some of their gains on Wednesday as data from the Energy Information Administration revealed that U.S. crude supplies rose by 785,000 barrels for the week ended Feb. 28.
Get updated data about energy and oil prices. Find natural gas, emissions, and crude oil price changes.
Feb 20, 2020 A day before its weekly petroleum status report, the EIA revised down its forecast for global oil demand for this year, adding pressure to prices. It
Explore analysis, reports, news and events about Oil Market Report. refining, inventories in OECD countries and prices for both crude and products.
Feb 6, 2020 10. The U.S.' crude oil production is expected to average 13.3 million bpd in 2020 , according to the EIA's Short-Term Energy Outlook report for Feb 19, 2020 Oil prices were up slightly on Thursday after the U.S. government reported U.S. Energy Information Administration (EIA) data showed crude inventories rose Reporting by Arathy S Nair in Bangalore; Additional reporting by Aug 12, 2016 Strategic Petroleum Reserves (SPR) are crude oil stockpiles mandated and most of those countries do not officially report volumes in storage. a few years ago when China's total petroleum inventories were reported to be EIA expects global liquid fuels inventories will decline by 0.4 million b/d in 2021. EIA forecasts Brent crude oil prices will average $43/b in 2020, down from an average of $64/b in 2019. For 2020, EIA expects prices will average $37/b during the second quarter and then rise to $42/b during the second half of the year. EIA forecasts that average Brent prices will rise to an average of $55/b in 2021, as declining global oil inventories put upward pressure on prices.
Feb 12, 2020 The EIA confirmed a large rise in crude oil inventories, while reporting a small draw in gasoline and distillates.
Feb 19, 2020 Oil prices were up slightly on Thursday after the U.S. government reported U.S. Energy Information Administration (EIA) data showed crude inventories rose Reporting by Arathy S Nair in Bangalore; Additional reporting by Aug 12, 2016 Strategic Petroleum Reserves (SPR) are crude oil stockpiles mandated and most of those countries do not officially report volumes in storage. a few years ago when China's total petroleum inventories were reported to be EIA expects global liquid fuels inventories will decline by 0.4 million b/d in 2021. EIA forecasts Brent crude oil prices will average $43/b in 2020, down from an average of $64/b in 2019. For 2020, EIA expects prices will average $37/b during the second quarter and then rise to $42/b during the second half of the year. EIA forecasts that average Brent prices will rise to an average of $55/b in 2021, as declining global oil inventories put upward pressure on prices. This week’s domestic crude oil production estimate incorporates a re-benchmarking that lowered estimated volumes by 65,000 barrels per day, which is about 0.5% of this week’s estimated production total. The petroleum supply situation in the context of historical information and selected prices. EIA expects the price of North Sea Brent crude oil (a global benchmark for crude oil) to average $58.67 per barrel (b) throughout the 2019–2020 winter, compared with an average of $65.47/b last winter. Similarly, low propane prices reflect the current and forecast price of natural gas, Since its inception in 1983, the IEA's Oil Market Report (OMR) has become recognised as one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for OECD and selected non-OECD countries. During periods when production exceeds consumption, crude oil and petroleum products can be stored for expected future use. In the economic downturn of late 2008 and early 2009, for example, the unexpected drop in world demand led to record crude oil inventories in the United States and other OECD countries.
Released March 16, 2020 | tags: OPEC crude oil international inventories/stocks liquid fuels oil/petroleum + prices production/supply Report Type: Analysis U.S. crude oil exports increased to nearly 3 million barrels per day in 2019 The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance. Find statistics on crude oil, gasoline, diesel, propane, jet fuel, ethanol, and other liquid fuels. Click on the blue bars below for information on petroleum prices, crude reserves and production, refining and processing, imports/exports, movements, stocks, and consumption/sales. The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms.