UPDATE: Natural Gas Inventory +71 bcf vs +68 bcf Expected May 26, 2016 10:31AM (Updated - May 26, 2016 10:31 AM EDT)

Natural Gas Inventory +71 bcf vs +68 bcf Expected

Working gas in storage was 2,825 Bcf as of Friday, May 20, 2016, according to EIA estimates. This represents a net increase of 71 Bcf from the previous week. Stocks were 756 Bcf higher than last year at this time and 769 Bcf above the five-year average of 2,056 Bcf. At 2,825 Bcf, total working gas is above the five-year historical range.

Stocksbillion cubic feet (Bcf) Year... (continue reading...)
Cartel or talking shop? OPEC awaits Saudi ruling May 26, 2016 07:59AM

By Rania El Gamal and Alex Lawler

DUBAI/LONDON (Reuters) - For those seeking guidance on Saudi Arabia's thinking regarding the future of OPEC, the last few weeks' agenda of the new Saudi energy minister, Khalid al-Falih, might offer a few clues.

Since his appointment on May 7 as head of a new mega-ministry - overseeing energy, industry, mining, atomic power and renewables - Falih has toured six state firms, met the South Korean premier, the... (continue reading...)

Oil dips after hitting $50/bbl as glut worries resurface May 25, 2016 08:49PM

By Barani Krishnan

NEW YORK (Reuters) - Oil prices hit $50 a barrel on Thursday for the first time in seven months, then bounced below that level and settled lower on the day as investors worried robust price gains could encourage more output and add to the global glut.

Wildfires in Canada's oil sands, unrest in the Nigerian and Libyan energy sectors, and a near economic meltdown in OPEC member Venezuela have knocked out nearly 4 million... (continue reading...)

Citadel to Acquire Portfolio of Natural Gas Pipelines from WPX Energy (WPX) May 25, 2016 04:23PM

Citadel, a global investment firm, today announced that it has agreed to acquire a portfolio of natural gas pipeline transportation capacity through 2032 in the Western U.S. from WPX Energy (NYSE: WPX). The acquisition is expected to close in the third quarter of 2016 and is subject to customary closing conditions and regulatory approvals.

Today's announcement, which follows the successful launch of the firm's physical natural gas business in 2014, underscores... (continue reading...)

EIA Weekly Crude Inventory Data Shows 4.2M Barrel Drop May 25, 2016 10:33AM

(Updated - May 25, 2016 10:33 AM EDT)

  • Crude Inventory -4.23M Barrels vs -1.66M Expected
  • Gasoline Inventory +2.04M Barrels vs -1.34M expected

U.S. crude oil refinery inputs averaged 16.3 million barrels per day during the week ending May 20, 2016, 92,000 barrels per day less than the previous week’s average. Refineries operated at 89.7% of their operable capacity last week. Gasoline production decreased last week, averaging about 9.9 million barrels per day. Distillate... (continue reading...)

More Commodities

View Older Stories

May 24, 2016 08:47PM Oil ends session up; misses $50-target amid profit-taking
May 24, 2016 04:34PM API Crude Inventory Declines 5.1M Barrels
May 23, 2016 08:40PM Oil rises on U.S. crude drawdown hopes, Wall Street rally
May 23, 2016 02:04AM Exclusive: CME bids to boost its metal storage network, challenge LME
May 22, 2016 08:45PM Oil slides on Iran supply, U.S. rigs; Cushing draw cuts loss
May 20, 2016 01:04PM UPDATE: Baker Hughes Total U.S. Rig Count 404 vs 406 Prior; Oil Rig Count Flat
May 20, 2016 09:20AM As populations swell and water becomes scarce, food prices could double: report
May 19, 2016 09:34PM Oil slips; pressured by strong dollar, stubborn glut
May 19, 2016 10:31AM UPDATE: Natural Gas Inventory +73 bcf vs +79 bcf Expected
May 18, 2016 09:05PM Oil steadies; Canadian, Nigerian supply issues offset strong dollar
May 18, 2016 10:58AM UPDATE: Saudi Arabia Said to Weigh Paying Govt. Contractors with IOUs - Bloomberg
May 18, 2016 10:41AM U.S. crude inventories rise unexpectedly; product stocks slump: EIA
May 18, 2016 10:32AM UPDATE: Crude Inventory +1.3M Barrels vs -3.14M Expected
May 17, 2016 09:00PM Oil falls as Fed rate hike speculation sends dollar surging
May 17, 2016 05:35PM Most Texas quakes likely caused by oil, gas activities: study
May 17, 2016 04:35PM API Crude Inventory Declines 1.1M Barrels
May 16, 2016 08:39PM U.S. crude prices hits seven-month high as inventory drop seen
May 16, 2016 06:27AM Energy Select Sector SPDR (XLE) volatility flat as oil supply glut is over says Goldman Sachs
May 15, 2016 09:56PM Oil hits six-month highs on supply outages, Goldman forecast
May 13, 2016 01:04PM UPDATE: Baker Hughes Total U.S. Rig Count 406 vs 415 Prior
May 13, 2016 08:51AM OPEC signals greater oil glut in 2016 as its output surges
May 12, 2016 08:41PM Oil slips as dollar strengthens but traders eye Nigerian outages
May 12, 2016 10:31AM UPDATE: Natural Gas Inventory +56 bcf vs +58 bcf Expected
May 12, 2016 12:21AM June OPEC meet to focus on dialog, not market action: Kuwait
May 11, 2016 10:02PM Oil up 1 percent after swing on mixed data; U.S. crude at Nov highs
May 11, 2016 10:33AM EIA Weekly Petroleum Data Shows Surprise 3.4M Barrel Drop in Crude Inventory
May 11, 2016 09:55AM Goldman Sachs Lifts 2017 Gold Forecast to $1,150; Newmont Mining (NEM) Raised to 'Buy', Franco-Nevada Cut to 'Sell'
May 10, 2016 10:09PM Oil jumps on first U.S. drawdown since March; Brent up 4 percent
May 10, 2016 04:36PM API Crude Inventory Increases 3.5M Barrels
May 10, 2016 12:02PM USDA sees record-large world wheat inventories on bumper crops - Bloomberg
May 10, 2016 07:19AM Exclusive: Say goodbye to OPEC, powerful Putin pal predicts
May 10, 2016 05:11AM Iran cuts crude prices vs Saudis, Iraq in market share fight
May 10, 2016 05:03AM Saudi Aramco finalizes IPO options and plans global expansion
May 9, 2016 08:51PM Oil jumps on outages; API reports big U.S. crude build
May 8, 2016 07:54PM Oil slides; focus turns from Canada fire to U.S. stockpiles
May 6, 2016 01:08PM UPDATE: Baker Hughes Total U.S. Rig Count 415 vs 420 Prior
May 6, 2016 08:30AM Change in Nonfarm Payrolls 160K vs 200K Expected; UE Rate 5.0% vs 4.9% Expected
May 5, 2016 10:25PM Oil up on Canada wildfire, dollar; big weekly loss for Brent
May 5, 2016 03:35PM Saudi Arabia said to see oil price targets as pointless - Reuters
May 5, 2016 10:31AM UPDATE: Natural Gas Inventory +68 bcf vs +67 bcf Expected
May 4, 2016 08:53PM Oil up as fire curbs Canada output; higher dollar, stockpiles cap gains
May 4, 2016 10:42AM U.S. crude stockpiles rise more than expected to fresh record high: EIA
May 4, 2016 10:37AM CMDTY Capital's D'Alessandro Says Oil 'Lows are In' - Bloomberg
May 4, 2016 10:33AM EIA Data Shows 2.78M Barrel Increase in Crude Inventory
May 4, 2016 08:58AM OPEC Said to Head for June Talks Without Plan for Supply Limits - Bloomberg
May 3, 2016 10:01PM Oil turns lower after bigger-than-forecast U.S. crude build
May 3, 2016 04:37PM API Crude Inventory Increases 1.3M Barrels
May 2, 2016 09:22PM Oil down second straight day; rising output reignites glut worry
May 1, 2016 08:43PM Oil down 3 percent on OPEC output hike, speculative ramp-up in Brent
Apr 29, 2016 01:06PM UPDATE: Baker Hughes Total U.S. Rig Count 420 vs 431 Prior
View Older Stories