Energy Reports

Weekly Energy Update (March 31, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices remain volatile, moving on news regarding the Russia-Ukraine war. (Source: Barchart.com) Crude oil inventories fell 3.4 mb compared to a 2.2 mb draw forecast.  The SPR declined 3.0 mb, meaning the net draw was 6.5 mb. In the details, U.S. crude oil… Read More »

Weekly Energy Update (March 24, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF After falling last week, oil prices have moved steadily higher on continued tensions in Ukraine. (Source: Barchart.com) Crude oil inventories fell 2.5 mb compared to a 0.5 mb draw forecast.  The SPR declined 4.2 mb, meaning the net draw was 6.7 mb.  The withdrawal… Read More »

Weekly Energy Update (March 17, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices have fallen to near pre-invasion levels.  The initial rally was driven by short covering, and price volatility has reduced market participation. (Source: Barchart.com) Crude oil inventories unexpectedly rose 4.3 mb compared to a 1.6 mb draw forecast.  The SPR declined 2.0 mb,… Read More »

Weekly Energy Update (March 10, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices have spiked but are being hit by waves of profit-taking. (Source: Barchart.com) Crude oil inventories unexpectedly fell 1.9 mb compared to a 1.5 mb draw forecast.  The SPR declined 2.5 mb, meaning the net draw was 4.4 mb. In the details, U.S.… Read More »

Weekly Energy Update (March 3, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices are moving sharply higher as sanctions expand against Russia. (Source: Barchart.com) Crude oil inventories unexpectedly fell 2.6 mb compared to a 2.5 mb draw forecast.  The SPR declined 2.4 mb, meaning the net build was 5.0 mb. In the details, U.S. crude… Read More »

Weekly Energy Update (February 25, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices briefly moved above $100 per barrel on news of the Russian invasion of Ukraine. (Source: Barchart.com) Crude oil inventories unexpectedly rose 4.5 mb compared to a 1.0 mb draw forecast.  The SPR declined 2.4 mb, meaning the net build was 2.1 mb.… Read More »

Weekly Energy Update (February 17, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices briefly moved above $95 per barrel and are threatening the $100 per barrel level. (Source: Barchart.com) Crude oil inventories rose 1.1 mb compared to a 1.9 mb draw forecast.  The SPR declined 2.7 mb, meaning the net draw was 1.6 mb. In… Read More »

Weekly Energy Update (February 10, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF After breaking above $90 per barrel late last week, prices have modestly retreated. (Source: Barchart.com) Crude oil inventories unexpectedly fell 4.8 mb compared to a 1.4 mb build forecast.  The SPR declined 1.4 mb, meaning the net draw was 6.2 mb. In the details,… Read More »

Weekly Energy Update (February 3, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Since troughing in early December, oil prices have been steadily rising due to tightening supplies.  We are approaching the highs set in November. Crude oil inventories unexpectedly fell 1.0 mb compared to a 1.8 mb build forecast.  The SPR declined 1.9 mb, meaning the… Read More »

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