Energy Reports
Weekly Energy Update (January 21, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Since troughing in early December, oil prices have been steadily rising due to tightening supplies. We are approaching the highs set in November. (Source: Barchart.com) Crude oil inventories unexpectedly rose 0.5 mb compared to a 2.0 mb draw forecast. The SPR declined 1.3 mb,… Read More »
Weekly Energy Update (January 13, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Since troughing in early December, oil prices have been steadily rising due to tightening supplies. We are approaching the highs set in November. (Source: Barchart.com) Crude oil inventories fell 4.6 mb compared to a 1.7 mb draw forecast. The SPR declined 0.3 mb, meaning… Read More »
Weekly Energy Update (January 6, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Since troughing in early December, oil prices have been steadily rising due to tightening supplies. (Source: Barchart.com) Crude oil inventories fell 2.1 mb compared to a 3.4 mb draw forecast. The SPR declined 1.3 mb, meaning the net draw was 3.5 mb. In the… Read More »
Weekly Energy Update (December 16, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF (The Weekly Energy Update will go on hiatus until January 6, 2022. To all our readers, Merry Christmas and Happy New Year.) After recovering last week, oil prices have started to drift lower. Worries about rising production and weakening demand due to the Omicron… Read More »
Weekly Energy Update (December 9, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices fell sharply on SPR sales and due to the Omicron variant of COVID-19. Crude oil inventories fell 0.9 mb compared to a 1.4 mb build forecast. The SPR declined 1.9 mb, meaning the net draw was 2.9 mb (due to rounding). In… Read More »
Weekly Energy Update (December 2, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices fell sharply on SPR sales and due to the Omicron variant of COVID-19. Crude oil inventories fell 0.9 mb compared to a 1.4 mb build forecast. The SPR declined 1.9 mb, meaning the net draw was 2.9 mb (due to rounding). In… Read More »
Weekly Energy Update (November 18, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF (N.B. Due to the Thanksgiving Day holiday, the next report will be published on December 2.) Oil prices have been struggling this week, testing support $79.50. (Source: Barchart.com) Crude oil inventories unexpectedly fell 2.1 mb compared to a 1.2 mb build forecast. The SPR… Read More »
Weekly Energy Update (November 11, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF After pulling back from $85 per barrel, the market made another assault on the price level, but that level is proving to give strong resistance. (Source: Barchart.com) Crude oil inventories rose 1.0 mb compared to a 2.6 mb build forecast. The SPR declined 3.1… Read More »
Weekly Energy Update (November 4, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF After touching $85 per barrel, oil prices have dropped on rising inventories and worries about tightening monetary policy. (Source: Barchart.com) Crude oil inventories rose 3.3 mb compared to a 2.0 mb build forecast. The SPR declined 1.6 mb, meaning the net draw was 1.7… Read More »