Around The Barrel – Crude Oil Builds as Gasoline Inventories Outlook

Crude oil futures fell again after recovering some from Coronavirus fears after EIA reported a small build in crude storage and draws in gasoline and distillate. The EIA said Crude oil inventories had a build of 415k bbls. Cushing drew -133kk bbls. US production record high of 13.00 mbpd.

Around The Barrel – Crude Oil Inventories Build Again With Production at Record High

Crude oil futures accelerated lower on Coronavirus fears ahead of EIA reporting a build in crude storage and a draw in gasoline and distillate. The EIA said Crude oil inventories had a build of 7459k bbls. Cushing rose +1668k bbls. US production record high of 13.00 mbpd.

Around The Barrel – Crude Oil Inventories Continue To Build But US Production Falls Slightly

Crude oil futures accelerated lower on Coronavirus fears ahead of EIA reporting a build in crude storage and gasoline with a draw in distillate. The EIA said Crude oil inventories had a build of 3548k bbls. Cushing rose +758k bbls. US production record high of 13.00 mbpd.

Crude and Gasoline Inventories Continue To Build With Record Production

Crude oil futures accelerated lower on Coronavirus fears ahead of EIA reporting a build in crude storage and gasoline with a draw in distillate. The EIA said Crude oil inventories had a build of 3548k bbls. Cushing rose +758k bbls. US production record high of 13.00 mbpd.

Schlumberger International Oil and Gas Activity Continues To Offset North America Weakness

The world’s largest oil fields service company Schlumberger reported better than expected Q4 earnings Friday. The report reflected the expected reduction in North America land activity and seasonal activity in the Northern Hemisphere.

Around The Barrel – Crude Oil, Gasoline and Distillates Continue To Build Inventories

EIA reported a build in crude storage and huge builds in gasoline and distillate. The EIA said Crude oil inventories built +1164k bbls the government agency said. Cushing fell -821k bbls. US production unchanged at record high of 12.90 mbpd.

Around The Barrel – Crude Oil and Gasoline Inventories Outlook

EIA reported a larger draw in crude storage with end of year tax concessions cited,. The EIA also again announced a build in gasoline  Crude oil inventories fell  -5474k bbls the government agency said. Cushing fell -2393k bbls. US production rose 100bpd to the record high of 12.90 mbpd.

Around The Barrel – EIA Reports Large Year End Crude Oil Draw With Record Oil Production

EIA reported a larger draw in crude storage with end of year tax concessions cited,. The EIA also again announced a build in gasoline  Crude oil inventories fell  -5474k bbls the government agency said. Cushing fell -2393k bbls. US production rose 100bpd to the record high of 12.90 mbpd.

Around The Barrel – Crude Oil Storage Builds Again as Production Stays at All Time Highs

EIA reported another big build in crude storage. Last week EIA reported the first draw in six weeks. Crude oil inventories build +5702k bbls the government agency said. Gasoline and Distillate both drew last week. Cushing grew again with +1572k bbls. US production stayed at the record high with 12.60 mbpd.

Around The Barrel – Crude Oil Inventories Draw For First Time in Six Weeks as Exports Rise

EIA reported the first draw in six weeks, after API had reported another build earlier. Crude oil inventories fell, -1699k bbls the government agency said. Gasoline and Distillate both drew ast week. Cushing grew again with +1506k bbls. US production stayed at the record high with 12.60 mbpd.