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Jul 13, 2022 · Global observed oil inventories rose by a modest 5 mb in May as a sharp increase in non-OECD crude stocks was offset by lower OECD stocks and oil on the water. OECD industry stocks rose by 15.2 mb to 2 691 mb, still 301.3 mb below the 2017-2021 average, helped by the release of 32.1 mb of government stocks.
3 days ago · The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of...
Jan 4, 2023 · The spot price for West Texas Intermediate (WTI), a benchmark price for U.S. crude oil, followed a similar pattern, finishing the 2022 trading year $4/b higher than on January 3. The Brent crude oil spot price averaged $100/b in 2022, and the WTI spot price averaged $95/b.
U.S. crude oil futures calendar spread from March to April 2024 U.S.$ per barrel, contango (-) or backwardation (+), daily and 21-day centred average JanÞ5, 2024
Jan 24, 2022 · Crude stocks are 17 million barrels (4%) below the average, with stocks around the NYMEX delivery point at Cushing particularly tight at 16 million barrels (33%) under the average.
Jun 15, 2022 · Despite economic headwinds, steady demand for light sweet crude in a tight physical market is boosting marker grade prices as they are in the same crude quality family. Since 6 June, WTI and Brent futures have averaged over $120/bbl. North Sea Dated hit $127.9/bbl on 13 June.
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Jan 19, 2022 · While the number of Omicron cases is surging worldwide, oil demand defied expectations in 4Q21, rising by 1.1 mb/d to 99 mb/d. In 1Q22, demand is set for a seasonal decline, exacerbated by more teleworking and less air travel.
