Energy Reports

Weekly Energy Update (June 30, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF (N.B.=> due to Independence Day, the next report will be issued on July 14.) The DOE has resolved its systems issues and released weekly data for 6/17/22 and 6/24/22.  We update the data below. After a sharp correction on recession worries, crude oil prices… Read More »

Weekly Energy Update (June 24, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices continue to rise in an orderly fashion. (Source: Barchart.com) Crude oil inventories rose 2.0 mb compared to a 2.0 mb draw forecast.  The SPR declined 7.7 mb, meaning the net draw was 5.8 mb. In the details, U.S. crude oil production… Read More »

Weekly Energy Update (June 16, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices continue to rise in an orderly fashion. (Source: Barchart.com) Crude oil inventories rose 2.0 mb compared to a 2.0 mb draw forecast.  The SPR declined 7.7 mb, meaning the net draw was 5.8 mb. In the details, U.S. crude oil production… Read More »

Weekly Energy Update (June 9, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices continue to rise in an orderly fashion. (Source: Barchart.com) Crude oil inventories rose 2.0 mb compared to a 3.3 mb draw forecast.  The SPR declined 7.3 mb, meaning the net draw was 5.2 mb. In the details, U.S. crude oil production… Read More »

Weekly Energy Update (June 3, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices continue to grind higher despite reports of OPEC+ production increases and record SPR sales. (Source: Barchart.com) Crude oil inventories fell 5.1 mb compared to a 3.0 mb draw forecast.  The SPR declined 5.4 mb, meaning the net draw was 10.5 mb.… Read More »

Weekly Energy Update (May 26, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices have been mostly holding steady this week. (Source: Barchart.com) Crude oil inventories fell 1.0 mb compared to a 2.1 mb draw forecast.  The SPR declined 6.0 mb, meaning the net draw was 7.0 mb. In the details, U.S. crude oil production… Read More »

Weekly Energy Update (May 19, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices have moved higher this week, touching technical resistance at $115 per barrel. (Source: Barchart.com) Crude oil inventories unexpectedly fell 3.4 mb compared to a 1.6 mb build forecast.  The SPR declined 5.0 mb, meaning the net draw was 8.4 mb. In… Read More »

Weekly Energy Update (May 12, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices have been volatile over the past few days.  A number of factors have been at play. However, the chart suggests a price range is developing between $100 to $110 per barrel. (Source: Barchart.com) Crude oil inventories unexpectedly rose 8.5 mb compared to… Read More »

Weekly Energy Update (May 5, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF It appears oil prices are attempting to create a trading range between $105 to $95 per barrel.  That may hold until the SPR release is complete. (Source: Barchart.com) Crude oil inventories unexpectedly rose 1.3 mb compared to a 0.2 mb draw forecast.  The SPR… Read More »

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