Sale of U.S. crude oil from Strategic Petroleum Reserve draws to a close

Planned selling of oil from the U.S. Strategic Petroleum Reserve (SPR) is ending this month. Releases of about 1 million barrels per day were weighing on the market, depressing prices. The SPR has been drawn down to under 390 million barrels, the lowest level [...]

Wild week for natural gas: Ukraine tensions, Nord 2 pipeline delays

Even with the increase of 400,000 barrels per day announced by OPEC+ for February, energy markets remained on edge as we rolled over into 2022. So far, Europe has been challenged the most and is facing some of the highest gas prices worldwide amid [...]

Year-end winter storms & warmer weather impact natural gas

An extremely active pattern across the northern Pacific Ocean brought record levels of snow to the western U.S. and mountain region in the final two weeks of December. Staffing issues brought on by rampant COVID spread and heavy snow across the western half of [...]

Thanksgiving arrives with first seasonal drawdown in natural gas

Daylight Savings, Thanksgiving, and the first snowflakes of the season are all harbingers of winter, and along with it, the first decline in nationwide natural gas stocks in the U.S. Energy Information Administration (EIA) natural gas storage report. An Arctic air mass descended from [...]

Early spring helps natural gas stocks with second week of inventory gains

As temperatures begin to climb with early arrival of spring weather, EIA’s reported natural gas inventories registered their second, albeit modest, increase in as many weeks. National storage showed a 20 bcf build with the largest increase in the central-south region, bringing total stocks [...]

Go to Top