Energy Reports

Weekly Energy Update (March 4, 2021)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart.  Prices are consolidating in the high $50s to the mid-$60s. Crude oil inventories jumped 21.6 mb when a draw of 4.0 mb was forecast.  There was no change in the SPR.  The build in stockpiles was… Read More »

Weekly Energy Update (February 25, 2021)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart.  Prices continue to rise. Crude oil inventories rose 1.3 mb when a draw of 6.5 mb was forecast.  There was no change in the SPR.  Analysts (us included) expected production outages in Texas to lead to… Read More »

Weekly Energy Update (February 19, 2021)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF This week’s report is being published on Friday as the DOE data was delayed due to the Presidents’ Day holiday.  Here is an updated crude oil price chart.  Prices continue to rise. Crude oil inventories fell 7.4 mb when a draw of 2.0 mb… Read More »

Weekly Energy Update (February 11, 2021)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart.  Prices continue to rise. Crude oil inventories fell 6.6 mb when a draw of 0.8 mb was forecast.  The SPR fell 0.2 mb, meaning the draw in commercial inventories was 6.8 mb. In the details, U.S.… Read More »

Weekly Energy Update (February 4, 2021)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart.  Prices broke out of their recent trading range and are now well above $55 per barrel. Commercial crude oil inventories unexpectedly fell 1.0 mb when a build of 3.0 mb was forecast. In the details, U.S.… Read More »

Weekly Energy Update (January 28, 2021)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart.  Prices are consolidating between $54 to $52 dollars per barrel after a strong rally from early November into late January. Commercial crude oil inventories unexpectedly fell 9.9 mb when a build of 1.5 mb was forecast.… Read More »

Weekly Energy Update (January 25, 2021)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF The report was delayed due to the Martin Luther King Jr. holiday.  Here is an updated crude oil price chart. Commercial crude oil inventories unexpectedly rose 4.4 mb, when a decline of 1.3 mb was forecast. In the details, U.S. crude oil production was… Read More »

Weekly Energy Update (January 14, 2021)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart.  Prices are continuing to march higher. Commercial crude oil inventories fell 3.2 mb, in line with industry forecasts. In the details, U.S. crude oil production was unchanged at 11.0 mbpd.  Exports fell 0.6 mbpd, while imports… Read More »

Weekly Energy Update (January 7, 2021)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart.  Prices are moving higher on dollar weakness and the recent OPEC+ decision, discussed below. Commercial crude oil inventories fell 8.0 mb, well below the -1.5 mb draw forecast.  The SPR was unchanged; there is still 3.1… Read More »

1 2 3 4 8