North America Logistics Review Report – November 2016 Overview Section
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Continue ReadingNorth America Logistics Review Report – October 2016 Overview Section
Crude Stockpiles Rise During the month of October, U.S. crude oil inventories rose 14 million barrels to a total of 482 million barrels. Also during the month, according to Baker Hughes, the U.S. oil rig count rose from 425 to 441. The EIA also published its October Short Term Energy Outlook (STEO) price projections for […]
Continue ReadingNorth America Logistics Review Report – September 2016 Overview Section
Monthly Overview According to the EIA, during September, U.S. crude inventories fell by 30.2 million barrels to 499.7 million barrels. Despite the large decrease, the EIA notes, “U.S. crude oil inventories are at historically high levels for this time of year.” During September, the U.S. oil and natural gas rig count increased by from 489 […]
Continue ReadingNorth America Logistics Review Report – August 2016 Overview Section
Inventories Rise while Prices and Production Fall According to the EIA, during August, US crude inventories rose by 3.4 million barrels to 525.9 million barrels. As crude inventories remain high, the EIA expects “global oil inventory builds to average 0.5 million b/d in the second half of 2016, limiting upward price pressures in the coming […]
Continue ReadingNorth America Logistics Review Report – July 2016 Overview Section
The Rig Count Rises while Inventories Drop (slightly) and Crude Remains at $40-50 per barrel According to the EIA, during July, U.S. crude inventories fell by 4.1 million barrels to 522.5 million barrels. Additionally, despite falling crude prices, the U.S. oil rig count added 32 rigs in July, resulting in 463 total oil rigs in […]
Continue ReadingNorth America Logistics Review Report – June 2016 Overview Section
Prices Rise as Crude Oil Inventories Drop and Supply Disruptions occur in Canada and Africa According to the EIA’s Petroleum Status Reports, during June, U.S. oil inventories decreased by 10.5 million barrels to 526.6 million barrels. Total U.S. gasoline inventories also decreased by 1.1 million barrels to 239.0 million. These reductions partially stem from the […]
Continue ReadingNorth America Logistics Review Report – May 2016 Overview Section
Prices Rise as Crude Oil Inventories Drop and Supply Disruptions occur in Canada and Africa According to the EIA in its May Short-Term Energy Outlook, (STEO), during May, U.S. oil inventories decreased by 6.3 million barrels to 537.1 million barrels. Total U.S. gasoline inventories also decreased by 1.7 million barrels to 240.1 million. These reductions […]
Continue ReadingNorth America Logistics Review Report – April 2016 Overview Section
Crude Prices Rise Despite Continued Inventories Build For the week ending April 29, 2016, crude inventories in the U.S. totaled 543.4 million barrels–“historically high levels for this time of year” and constituting a 13.5 million barrel increase from April 1, 2016. During the month of April, EIA also published its monthly Short-Term Energy Outlook (STEO) […]
Continue ReadingNorth America Logistics Review Report – March 2016 Overview Section
Crude Oil Inventories Continue to Rise and the Rig Count is at a New All-time Low During the month of March, EIA published its Short-Term Energy Outlook (STEO) with price projections for the next two years: West Texas Intermediate Oil Price ($/bbl) 2016 2017 EIA Short-term Energy Outlook $34 $40 From the prior month’s […]
Continue ReadingNorth America Logistics Review Report – February 2016 Overview Section
Crude Oil Inventories – Creative Means to Avoid “Tank Tops” During the month of February, EIA published its Short-Term Energy Outlook (STEO) and Genscape released its US Crude Oil Production Forecast Report, both with price projections for the next two years: West Texas Intermediate Oil Price ($/bbl) 2016 2017 EIA Short-term Energy Outlook $38 $50 […]
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