Weekly Energy Update

Weekly Energy Update (April 9, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Crude oil inventories rose 15.2 mb compared to the forecast rise of 9.0 mb. In the details, U.S. crude oil production fell 0.6 mbpd to 12.4 mbpd.  Exports fell 0.3 mbpd, while imports declined 0.2 mbpd.  Refining activity fell 6.7%, well more than the 1.8% decline… Read More »

Weekly Energy Update (April 2, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Crude oil inventories rose 13.0 mb compared to the forecast rise of 3.5 mb. In the details, U.S. crude oil production was unchanged at 13.0 mbpd.  Exports fell 0.7 mbpd, while imports declined 0.1 mbpd.  Refining activity fell 5.0%, well more than the 0.1% decline forecast. … Read More »

Weekly Energy Update (March 26, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Crude oil inventories rose 1.6 mb compared to the forecast rise of 3.0 mb. In the details, U.S. crude oil production fell 0.1 mbpd to 13.0 mbpd.  Exports fell 0.5 mbpd, while imports declined 0.4 mbpd.  The inventory build was less than forecast due to a… Read More »

Weekly Energy Update (March 19, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Crude oil inventories rose 2.0 mb compared to the forecast rise of 3.5 mb. In the details, U.S. crude oil production rose 0.1 mbpd to 13.1 mbpd.  Exports rose 1.0 mbpd, while imports rose 0.1 mbpd.  The inventory build was less than forecast due to the… Read More »

Weekly Energy Update (March 12, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Crude oil inventories rose 7.7 mb compared to the forecast rise of 1.7 mb. In the details, U.S. crude oil production fell 0.1 mbpd to 13.0 mbpd.  Exports fell 0.7 mbpd, while imports rose 0.2 mbpd.  The inventory build was more than forecast due to falling… Read More »

Weekly Energy Update (March 5, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Crude oil inventories rose 0.8 mb compared to the forecast rise of 3.0 mb. In the details, U.S. crude oil production rose 0.1 mbpd to a new record of 13.1 mbpd.  Exports rose 0.5 mbpd, while imports were unchanged.  The inventory build was less than forecast… Read More »