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Wednesday, May 8, 2024

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Can Coming Up “Short” Be a Positive?

Every day counts in a highly seasonal business such as this, and some days count more than others. With the heating season recently behind us, and the relative lack of heating degree days (HDDs) that it brought, this is even more apparent and something to…
Every day counts in a highly seasonal business such as this, and some days count more than others. With the heating season recently behind us, and the relative lack of heating… https://oilandenergyonline.com/articles/all/can-coming-short-be-positive/

Will the OPEC Producers Hold the Line?

Last September in Algiers,OPEC reached a tentative agreement to cut oil production among its members to between 32.5 and 33.0 million barrels per day (mb/d).
Last September in Algiers, the Organization of the Petroleum Exporting Countries (OPEC) reached a tentative agreement to cut oil production among its members to between 32.5 and… https://oilandenergyonline.com/articles/all/will-opec-producers-hold-line/

Weather Forecast Favors a Colder Winter

The 2015-2016 heating season was very mild. Weekly heating degree days (HDDs)7 totaled just 6,313 for the September through April period in the Northeast region.
The 2015-2016 heating season was very mild. Weekly heating degree days (HDDs) from the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center (CPC)… https://oilandenergyonline.com/articles/all/weather-forecast-favors-colder-winter/

Dynamics of Supply, Production and Inventory Are in Play

At the time of this writing in early April, a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producers was scheduled for the 17th of the month, to take place in Doha, Qatar. This April meeting followed an earlier,…
At the time of this writing in early April, a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producers was scheduled for the 17th of the… https://oilandenergyonline.com/articles/all/dynamics-supply-production-and-inventory-are-play/

Mild Start Pumps Up Inventories

Residential heating oil prices on the East Coast averaged 78.5 cents weaker than the same time last year, at $2.187 per gallon on January 4, according to survey data from the Energy Information Administration’s (EIA) State Heating Oil and Propane Program …
Residential heating oil prices on the East Coast averaged 78.5 cents weaker than the same time last year, at $2.187 per gallon on January 4, according to survey data from the… https://oilandenergyonline.com/articles/all/mild-start-pumps-inventories/

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