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1) US Crude Inv falls 10.8mil BBL. ~500,000BBL below the 5yr mov avg. 2) Refining inputs remain seasonally low by ~1,000,000BBL/Day. 3) Gasoline Inv fall by 226,000BBL Exxon's (XOM) Baytown ~600,000 BBL/Day refinery restart does not appear to have been added to refinery inputs as yet. Cu...
Petroleo Brasileiro SA ( PBR ) is a Brazilian oil, natural gas, and energy company that is involved in prospecting, drilling, refining, processing, trading, and transporting crude oil from off and onshore oil fields and shale producing areas. The gas and power segment of the company is involve...
Introduction The shale growth story has been a very seductive dialogue the past 15 or so years. Who can argue with a chart like this? EIA You really can't. The proof is in the pudding as shale goes, and shale heretics have been made to sit in the corner with a pointy cap on their head...
Note : This report was first published to HFI Research subscribers on June 30th, 2019. For more exclusive reports like this, see here for more info . In a discussion this week we had with Open Square Capital's Nelson Wu, we pointed out that our scenario for ~380 mbbls by year-end for US ...
We’ve recently stepped away from our weekly review in order to finalize our Q2 2019 letter, which our readers can find here . Now back to the weekly reviews. Continuing our weekly series, Open Insights, we’ll take a look at the EIA’s Weekly Petroleum Status Report (...
Crude futures climbed another 1% overnight to $56.31/bbl after oil spiked late Friday on news that Iran had seized a British oil tanker in the Strait of Hormuz. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ETN, ...
This May 5, 2019, photo issued by Karatzas Images showing the British oil tanker Stena Impero at unknown location, which is believed to have been captured by Iran. ((AP)) China's economy slowed to the weakest pace since quarterly data began in 1992 amid the ongoing trade standoff with the...
Crude oil is the energy commodity that still powers the world. While concerns about the environment are likely to decrease the use of fossil fuels over the coming years, crude oil continues to be a ubiquitous energy commodity. Over half the world's petroleum reserves are in the Middle East, an...
In this article, we examine the significant weekly order flow and market structure developments driving WTI price action. As noted in last week’s WTI Weekly , the primary expectation for this week was for price discovery higher. This expectation did not play out as selling interest e...
( We recently published our Q2 2019 letter here updating our oil thesis , and invite readers to read it for further context ). There's been much talk about Saudi Arabia and whether it is "doing enough" to rebalance the oil market. Let's take a look at the most recent data given JODI's updat...
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WALNUT CREEK, Calif. , Nov. 20, 2019 /PRNewswire/ -- United States Commodity Funds LLC (the "Company"), a sponsor of exchange-traded products, plans to close and liquidate two of its exchange-traded products. On November 20, 2019 , the Board of Directors of the Company authori...
WALNUT CREEK, Calif. , Aug. 6, 2019 /PRNewswire/ -- USCF today announced that it has joined the Raymond James IAD ETF No-Transaction-Fee (NTF) platform providing access to all thirteen of their exchange-traded funds and products. "We are excited to expand our suite of fun...