Tag: Platts
US EIA Data says crude oil stocks likely to fall 2.2 million barrels – Platts
The crack has risen – topping $18/b late last week — even though high utilization still threatens to overwhelm demand A resurgent New York Mercantile Exchange (NYMEX) reformulated blend stock for oxygenate blending (RBOB) crack spread could keep refinery activity above normal levels for this time of year, preventing gasoline stocks from erasing a surplus […]
EIA data likely showing crude oil stocks rising 2 million barrels – Platts
In addition to stronger than typical imports, crude stocks likely backstopped by expected reduction in US refinery run Run cuts at many US refineries and strong imports likely kept US crude oil inventories well-supplied last week, according to an S&P Global Platts preview of this week’s pending US Energy Information Administration oil stocks data. Gasoline […]
US crude oil stocks likely to rise 425,000 barrels – Platts
Analysts looking for stocks draw last week of 625,000 barrels, which if confirmed, will make a minor dent in the surplus A likely drop in US refinery utilization is expected to have pushed crude inventories higher last week, although the size of that build could be offset by a loss of oil production in the […]
Gasoline stocks likely to fall, crude oil stocks to rise this week – Platts
US Gulf Coast faces more punishing weather, a storm called Tropical Depression Nine forecasted to land later this week US Gulf Coast refinery outages combined with stepped-up demand in preparation for the US Labor Day holiday may have helped pull gasoline barrels from storage last week, according to a preview analysis of US Energy Information Administration data by S&P […]
China oil demand fell 2.7% (year over year) in May – Platts
China’s crude oil imports between Jan. and May surged 15.7% to 7.62 million b/d, surpassing growth of 8.8% seen in 2015 China’s apparent oil demand contracted by 2.7 per cent in May from a year earlier to 10.88 million b/d, according to an analysis of government data by S&P Global Platts. Refinery throughput in May averaged 10.46 million […]
Draw down in US crude stocks failed to live up to market expectations
Gasoline demand has remained robust, supported by low prices over past 1.5 years By Geoffrey Craig, Oil Futures Editor, S&P Global Platts US Energy Information Administration (EIA) data Wednesday showed a smaller-than-expected draw in crude oil stocks last week, and surprise builds in gasoline and distillate inventories according to S&P Global Platts. US commercial crude oil […]
Data shows crude oil stock drawdown tempered by builds in refined products
Refineries have potentially already begun shifting more production towards distillate as gasoline demand has not kept pace with production US crude oil stocks declined last week, in line with market expectations, but inventories of distillates and gasoline saw surprise builds, EIA data showed Wednesday according to S&P Global Platts. US commercial crude stocks fell 3.228 million barrels […]
Energy information provider S&P Global Platts acquires RigData
RigData has over 5,500 customers in United States, the Gulf of Mexico and Canada S&P Global Platts announced Thursday that it has acquired RigData, a provider of daily information on rig activity for the North American natural gas and oil markets. Financial terms were not disclosed by the parties. S&P Global Platts, a provider of information and […]
Crude oil inventories, refinery utilizations, production outages – PLATTS analysis
US weekly imports of Canadian crude oil averaged 2.876 million b/d in May, compared with 3.1 million b/d average The seasonal summer drawdown in US crude oil stocks is underway and an uptick in refinery utilization is expected to push inventories lower last week for the second straight reporting period, according to a preview of the Energy Information Administration data […]
Crude oil inventories decline for 6th straight period, Canadian imports rebound
Canadian crude imports rebounded, rising 501,000 b/d to 3.088 million b/d despite ongoing fires in Alberta’s oil sands producing region According to the Energy Information Administration data, U.S. distillate inventories declined last week for the sixth straight reporting period. According to an S&P Global Platts analysis of the data, distillate inventories showed a drawdown of 1.284 […]
Connect
Connect with us on the following social media platforms.