Energy Reports

Weekly Energy Update (July 29, 2021)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF After last week’s selling, prices have recovered back above $70 per barrel. (Source: Barchart.com) Crude oil inventories fell 4.1 mb compared to the 2.1 mb draw forecast.  The SPR was unchanged this week. In the details, U.S. crude oil production fell 0.2 mbpd at… Read More »

Weekly Energy Update (July 22, 2021)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF The OPEC+ agreement led to a deep selloff in oil prices, but the decline has attracted new buyers. (Source: Barchart.com) Crude oil inventories unexpectedly rose 2.1 mb compared to the 4.5 mb draw forecast.  The SPR was unchanged this week. In the details, U.S.… Read More »

Weekly Energy Update (July 15, 2021)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Prices appear to be consolidating between $72 to $76 per barrel. (Source: Barchart.com) Crude oil inventories fell 7.9 mb compared to the 4.4 mb draw expected.  The SPR was unchanged this week. In the details, U.S. crude oil production rose 0.1 mbpd to 11.4… Read More »

Weekly Energy Update (July 9, 2021)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF After rising above $76 per barrel on news of the OPEC+ impasse (see below) prices have corrected modestly. (Source: Barchart.com) Crude oil inventories fell 6.9 mb compared to the 4.0 mb draw expected.  The SPR fell 1.2 mb, meaning without the addition from the… Read More »

Weekly Energy Update (July 1, 2021)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices are moving steadily higher although momentum is starting to slow. (Source: Barchart.com) Crude oil inventories fell 6.7 mb compared to the 4.0 mb draw expected.  The SPR fell 1.4 mb, meaning without the addition from the reserve, commercial inventories would have declined… Read More »

Weekly Energy Update (June 24, 2021)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices are moving steadily higher in an orderly fashion. (Source: Barchart.com) Crude oil inventories fell 7.6 mb compared to the 3.5 mb draw expected.  The SPR fell 1.7 mb, meaning without the addition from the reserve, commercial inventories would have declined 9.3 mb.… Read More »

Weekly Energy Update (June 17, 2021)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices are moving steadily higher in an orderly fashion. (Source: Barchart.com) Crude oil inventories fell 7.4 mb compared to the 2.0 mb draw expected.  The SPR fell 0.9 mb, meaning without the addition from the reserve, commercial inventories would have declined 8.2 mb.… Read More »

Weekly Energy Update (June 10, 2021)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices have moved above the $60 to $68 per barrel trading range and are testing $70 per barrel. (Source: Barchart.com) Crude oil inventories fell 5.2 mb compared to the 3.3 mb draw expected.  The SPR fell 1.3 mb, meaning without the addition from… Read More »

Weekly Energy Update (May 27, 2021)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF (Due to staff vacation schedules, the next report will be published on June 10.)  Oil prices continue to trade in a range from $60 to $68 per barrel. (Source: Barchart.com) Crude oil inventories fell 1.7 mb compared to the 1.0 mb draw expected.  The… Read More »

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