Oil Slick Stuff

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EIA Petroleum Status Report
Economic Calendar - Bloomberg
[TABLE="class: actual_consensus_box"]
[TR="class: actual_consensus_toprow"]
[TD]		PriorActual
Crude oil inventories (weekly change)
Gasoline (weekly change)
Distillates (weekly change)

[TD="class: econo-releaseinfo"] Released On 2/25/2015 10:30:00 AM For wk2/20, 2015 [/TD]

[TD="class: actual_consensus_box_numbers"]7.7 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] 8.4 M barrels [/TD]

[TD="class: actual_consensus_box_numbers"]0.5 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] -3.1 M barrels [/TD]

[TD="class: actual_consensus_box_numbers"]-3.8 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] -2.7 M barrels [/TD]
[/TD]
[/TR]
[/TABLE]
 
Oil market rebounds on US energy report

London (AFP) - Global oil prices rallied Wednesday as sliding US gasoline and distillates inventories eclipsed news that soaring crude reserves hit another record high last week.
Brent North Sea crude for April delivery jumped $1.04 to stand at $59.70 a barrel in London late afternoon deals.
New York's benchmark West Texas Intermediate (WTI) for April rose 65 cents to $49.93 a barrel.
The US government's Department of Energy (DoE) said Wednesday that crude inventories rose 8.4 million barrels in the week to February 20 to a record 434.1 million barrels.
The increase was also more than double market expectations for a 3.7-million-barrel gain, according to analysts polled by Bloomberg.
However, the DoE also reported that stockpiles of distillates, which include diesel and heating fuel, slid 2.7 million barrels while gasoline or petrol reserves sank by 3.1 million.
"The rally ... was fuelled by news that both gasoline and distillate stocks had decreased sharply last week," said Forex.com analyst Fawad Razaqzada. Falling stockpiles indicate strengthening demand.[more]
http://finance.yahoo.com/news/oil-gains-ground-us-energy-report-130520366.html
 
E10 averaging $2.23 a gallon in Boiled Peanut GA!:cool: WHY?

WTI oil ticks higher, while Brent rallies on Libya


SAN FRANCISCO (MarketWatch) — West Texas Intermediate crude-oil edged higher Tuesday on the back of a rally among petroleum products, while prices for Brent crude got a lift developments in Libya raised concerns about global oil supplies.
Crude-oil futures for delivery in April CLJ5, +0.97% traded at $49.73 a barrel, up 14 cents, or 0.3%, on the New York Mercantile Exchange.
Brent crude for April delivery LCOJ5, +2.74% on London’s ICE Futures exchange rose $1.31, or 2.2%, to $60.85 a barrel.[more]

WTI oil ticks higher, while Brent rallies on Libya - MarketWatch
 
JTH said:
US running out of room to store oil; price collapse next?
Click to expand...
Might be a good idea to add to these!:cool:

Petroleum Reserves


In the event of a commercial supply disruption, the United States can turn to the emergency stockpiles of petroleum products managed by the Department of Energy's Office of Petroleum Reserves (OPR). The mission of the OPR is to protect the United States from severe petroleum supply interruptions through the acquisition, storage, distribution and management of emergency petroleum stocks and to carry out U.S. obligations under the International Energy Program. The OPR manages three stockpiles: the Strategic Petroleum Reserve, the Northeast Home Heating Oil Reserve, and the Northeast Gasoline Supply Reserve. OPR also manages the Naval Petroleum and Oil Shale Reserves.
Strategic Petroleum Reserve

spr_hero_wellhead.jpg
With a capacity of 727 million barrels, the U.S. Strategic Petroleum Reserve is the largest stockpile of government-owned emergency crude oil in the world. Established in the aftermath of the 1973-74 oil embargo, the SPR provides the President with a powerful response option should a disruption in commercial oil supplies threaten the U.S. economy. It is also the critical component for the United States to meet its International Energy Agency obligation to maintain emergency oil stocks, and provides a national defense fuel reserve. { there is more }


Petroleum Reserves | Department of Energy
 
[h=1]Hedge Funds Are Losing Faith in Oil Rally[/h] By Mark Shenk 57 minutes ago



(Bloomberg) -- Hedge funds cut bets on rising oil prices at the fastest pace since December 2012 as U.S. inventories expanded to the highest in more than three decades. Speculators pared their net-long position in West Texas Intermediate crude by 19 percent in the week ended March 3, U.S. Commodity Futures Trading Commission data show. Short wagers increased to a record for a second week.

Oil producers are spending less, idling rigs and delaying wells to stem output that the government predicts will reach a four-decade high this year. That’s having little effect so far, with U.S. crude inventories expanding by 10.3 million barrels in the week ended Feb. 27, the most since 2001.[more]
http://finance.yahoo.com/news/hedge-funds-losing-faith-oil-041600260.html
 
EIA Petroleum Status Report
Economic Calendar - Bloomberg
[TABLE="class: actual_consensus_box"]
[TR="class: actual_consensus_toprow"]
[TD]		PriorActual
Crude oil inventories (weekly change)
Gasoline (weekly change)
Distillates (weekly change)

[TD="class: econo-releaseinfo"] Released On 3/11/2015 10:30:00 AM For wk3/6, 2015 [/TD]

[TD="class: actual_consensus_box_numbers"]10.3 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] 4.5 M barrels [/TD]

[TD="class: actual_consensus_box_numbers"]0.0 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] -0.2 M barrels [/TD]

[TD="class: actual_consensus_box_numbers"]-1.7 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] 2.5 M barrels [/TD]
[/TD]
[/TR]
[/TABLE]
 
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