SZO News and Press, DB Crude Oil Short ETN From 05/23/19

Welcome to the lower today just means higher tomorrow edition of Oil Markets Daily! Refinery throughput has been disappointing. So disappointing that readers are starting to wonder if US refinery throughput will ever increase. While logically, that's an extremely laughable thought, one c...

Crude oil prices are on pace for their biggest daily and weekly declines in six months as rising U.S.-China trade tensions dampen the global demand outlook; WTI -4.2% to $58.85/bbl, Brent -3.5% to $68.46/bbl. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ET...

Crude oil prices plunge after U.S. crude inventories surged last week to their highest level since July 2017 and domestic oil production increased toward another record high; WTI -3% to $61.24/bbl, Brent -2.2% to $70.56/bbl. More news on: The United States Oil ETF, LP, Energy Sele...

EIA Petroleum Inventories : Crude +4.7 M barrels vs. -0.6M consensus, +5.4M last week. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, ProShares Ultra Bloomberg Crude Oil ETF, Stocks on the move, Commodities news, Energy stocks news, News o...

Saudi Aramco’s (ARMCO) plan to drain U.S. crude oil inventories in 2019 failed. U.S. imports of crude oil from Saudi Arabia did in fact drop in 2019, but the reduction was more than offset by increased domestic production ( see analysis ). But as U.S. refinery utilization is expected ...

Welcome to the new low edition of Oil Markets Daily! OPEC exports are hitting a 4-year low this month with Iranian exports falling below 1 mb/d and Venezuela exports falling to a new record low. Source: Kpler, HFI Research While the final May export figures are still early, we are se...

The American Petroleum Institute reportedly shows a build of 2.4M barrels of oil for the week ending May 17, following an 8.6M-barrel build in the previous week. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ETN,...

Continuing our weekly series, Open Insights, we'll take a look at the EIA's Weekly Petroleum Status Report ("WPSR") for the week of May 10, 2019 and also discuss the recent OPEC meeting in Jeddah, Saudi Arabia. EIA reported a crude draw of 5.4M barrels for the week as both exports and import...

Crude futures climbed 1.4% to $63.78/bbl overnight after Saudi Energy Minister Khalid al-Falih indicated there was consensus among OPEC and allied oil producers to drive down crude inventories "gently," although his country would remain responsive to the needs of what he called a fragile m...

The big three determinants of the health of the oil industry today are 1) global demand, 2) US output, and 3) OPEC output. Each month, OPEC as an organization releases their own forecast for how the oil industry looks, and while they don’t forecast their own production as a team, they...