Weekly Energy Update
Weekly Energy Update (October 27, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices appear to be building in a base in the mid-$80s. (Source: Barchart.com) Crude oil inventories rose 2.6 mb compared to a 1.5 mb build forecast. The SPR declined 3.4 mb, meaning the net draw was 0.8 mb. In the details, U.S.… Read More »
Weekly Energy Update (October 20, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices remain in a downtrend as concerns about global growth, especially with China, are weighing on prices. (Source: Barchart.com) Crude oil inventories fell 1.7 mb compared to a 2.0 mb build forecast. The SPR declined 3.6 mb, meaning the net draw was… Read More »
Weekly Energy Update (October 14, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices remain in a downtrend. (Source: Barchart.com) Crude oil inventories rose 9.9 mb compared to a 1.0 mb build forecast. The SPR declined 7.7 mb, meaning the net build was 2.2 mb. In the details, U.S. crude oil production fell 0.1 mbpd… Read More »
Weekly Energy Update (October 6, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices remain in a downtrend. (Source: Barchart.com) Crude oil inventories fell 1.4 mb compared to a 2.1 mb build forecast. The SPR declined 6.2 mb, meaning the net draw was 7.6 mb. In the details, U.S. crude oil production was steady at… Read More »
Weekly Energy Update (September 29, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices remain under pressure due to recession fears. (Source: Barchart.com) Crude oil inventories fell 0.2 mb compared to a 2.0 mb build forecast. The SPR declined 4.6 mb, meaning the net draw was 4.8 mb. In the details, U.S. crude oil production… Read More »
Weekly Energy Update (September 22, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices remain under pressure on recession fears. (Source: Barchart.com) Crude oil inventories rose 1.1 mb compared to a 1.9 mb build forecast. The SPR declined 6.9 mb, meaning the net draw was 5.8 mb. In the details, U.S. crude oil production was… Read More »
Weekly Energy Update (September 15, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices remain under pressure on recession fears. (Source: Barchart.com) Crude oil inventories rose 2.4 mb compared to a 2.5 mb build forecast. The SPR declined 8.4 mb, meaning the net draw was 6.0 mb. In the details, U.S. crude oil production was… Read More »
Weekly Energy Update (September 1, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF (The Weekly Energy Update will not be published next week. The report will return on September 15.) Crude oil prices remain under pressure on fears of a deal with Iran and weakening economic growth. (Source: Barchart.com) Crude oil inventories fell 3.3 mb compared to… Read More »
Weekly Energy Update (August 25, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices remain under pressure on fears of a deal with Iran and weakening economic growth. (Source: Barchart.com) Crude oil inventories fell 3.3 mb compared to a 2.5 mb draw forecast. The SPR declined 8.1 mb, meaning the net draw was 11.4 mb.… Read More »