Energy Reports
Weekly Energy Update (August 4, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Prices are testing long-term support near $90 per barrel for crude oil. (Source: Barchart.com) Crude oil inventories rose 4.5 mb compared to a 1.5 mb draw forecast. The SPR declined 4.7 mb, meaning the net draw was 0.2 mb. In the details, U.S. crude… Read More »
Weekly Energy Update (July 28, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF It appears that oil prices are settling into a broad trading range between $125 and $95 per barrel. (Source: Barchart.com) Crude oil inventories fell 4.5 mb compared to a 1.5 mb draw forecast. The SPR declined 5.6 mb, meaning the net draw was 10.1… Read More »
Weekly Energy Update (July 21, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF It appears that oil prices are settling into a broad trading range between $125 and $95 per barrel. (Source: Barchart.com) Crude oil inventories fell 0.5 mb compared to a 1.0 mb draw forecast. The SPR declined 5.0 mb, meaning the net draw was 5.5… Read More »
Weekly Energy Update (July 14, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Since early June, oil prices have fallen significantly, breaking the psychologically important point of $100 per barrel. Technical support exists at $95 per barrel, so we will be watching to see if it holds. (Source: Barchart.com) Crude oil inventories rose 3.3 mb compared to… Read More »
Weekly Energy Update (June 30, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF (N.B.=> due to Independence Day, the next report will be issued on July 14.) The DOE has resolved its systems issues and released weekly data for 6/17/22 and 6/24/22. We update the data below. After a sharp correction on recession worries, crude oil prices… Read More »
Weekly Energy Update (June 24, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices continue to rise in an orderly fashion. (Source: Barchart.com) Crude oil inventories rose 2.0 mb compared to a 2.0 mb draw forecast. The SPR declined 7.7 mb, meaning the net draw was 5.8 mb. In the details, U.S. crude oil production… Read More »
Weekly Energy Update (June 16, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices continue to rise in an orderly fashion. (Source: Barchart.com) Crude oil inventories rose 2.0 mb compared to a 2.0 mb draw forecast. The SPR declined 7.7 mb, meaning the net draw was 5.8 mb. In the details, U.S. crude oil production… Read More »
Weekly Energy Update (June 9, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices continue to rise in an orderly fashion. (Source: Barchart.com) Crude oil inventories rose 2.0 mb compared to a 3.3 mb draw forecast. The SPR declined 7.3 mb, meaning the net draw was 5.2 mb. In the details, U.S. crude oil production… Read More »
Weekly Energy Update (June 3, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices continue to grind higher despite reports of OPEC+ production increases and record SPR sales. (Source: Barchart.com) Crude oil inventories fell 5.1 mb compared to a 3.0 mb draw forecast. The SPR declined 5.4 mb, meaning the net draw was 10.5 mb.… Read More »