Weekly Energy Update

Weekly Energy Update (June 4, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Here is an updated crude oil price chart.  The oil market continues to recover after April’s historic collapse. Crude oil inventories surprised the markets for the fourth straight week with stockpiles falling 2.1 mb compared to forecasts of a 3.0 mb build. In the details, U.S.… Read More »

Weekly Energy Update (May 29, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Due to the Memorial Day holiday, the DOE data was delayed until yesterday.  Thus, our report was delayed as well.  Here is an updated crude oil price chart.  The oil market continues to recover after April’s historic collapse. Crude oil inventories surprised the markets for the… Read More »

Weekly Energy Update (May 21, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Here is an updated crude oil price chart.  The oil market continues to show signs of recovery. One interesting development has been in open interest.  Open interest is the number of open contracts in a futures market.  Most of the time, the highest open interest in… Read More »

Weekly Energy Update (May 14, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Here is an updated crude oil price chart.  The oil market continues to show signs of recovery. Crude oil inventories surprised the markets by falling 0.7 mb compared to the forecast rise of 5.0 mb. In the details, U.S. crude oil production fell 0.3 mbpd to… Read More »

Weekly Energy Update (May 7, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Here is an updated crude oil price chart.  The oil market is showing signs of recovery. Crude oil inventories rose 4.6 mb compared to the forecast rise of 8.0 mb. In the details, U.S. crude oil production fell 0.2 mbpd to 11.9 mbpd.  Exports rose 0.4… Read More »

Weekly Energy Update (April 30, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Here is an updated crude oil price chart.  The oil market is showing signs of trying to consolidate in the mid-teens. Oil prices continue to be affected by ETPs.  The most popular ETP for crude oil, the United States Oil Fund, (USO, 17.91), has changed its… Read More »

Weekly Energy Update (April 23, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Given the remarkable events of the past week, we are adjusting the usual format of this report.  We[1] have been covering energy for over three decades and never imagined that we would see prices for actively traded futures fall into negative territory. The sharp drop in… Read More »

Weekly Energy Update (April 16, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Crude oil inventories rose 19.2 mb compared to the forecast rise of 11.6 mb. In the details, U.S. crude oil production fell 0.1 mbpd to 12.3 mbpd.  Exports rose 0.6 mbpd, while imports declined 0.2 mbpd.  Refining activity fell 6.5%, well more than the 2.2% decline… Read More »

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 »

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