Monday, November 19, 2018

Heating Oil News

U.S. Crude Stocks Jump 10.3 mln arrels Last Week - EIA

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U.S. crude stocks rose last week as imports climbed, while gasoline stocks decreased and distillate inventories fell, the Energy Information Administration said on Thursday.Crude inventories rose by 10.3 million barrels in the last week, compared with analysts' expectations for an increase of 3.2 million barrels.Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.17 million barrels, EIA said.Refinery crude runs rose by 24,000 barrels per day, EIA data showed.

Oil Up as U.S. Sanctions on Iran Expected to Tighten Supply

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Oil prices rose on Tuesday with revived U.S. sanctions against major crude exporter Iran expected to tighten global supply.Brent crude oil futures were up 75 cents to $74.50 per barrel at 1337 GMT and U.S. West Texas Intermediate (WTI) crude futures were up 32 cents at $69.33 a barrel.A first batch of U.S. sanctions against Iran, which shipped out almost 3 million barrels per day (bpd) of crude in July, officially came into effect at 12:01 a.m. U.S. Eastern time (0401 GMT) on Tuesday.The reimposed sanctions target Iran's U.S.

U.S. Crude Stockpiles Fall Less Than Expected - EIA

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U.S. crude stocks fell last week, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday.Crude inventories fell by 1.4 million barrels in the last week, compared with analysts' expectations for a decrease of 3.3 million barrels."The report was negative for prices with the smaller-than-expected drawdown in crude oil inventories and the decent sized rise in refined product inventories," said John Kilduff, a partner at Again Capital Management in New York.

U.S. Crude Stocks Rise, Gasoline, Diesel Stocks Down - EIA

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U.S. crude stocks rose last week as refineries cut output, while gasoline and distillate inventories fell, the Energy Information Administration said on Wednesday.Crude inventories rose by 6.3 million barrels in the week to Oct. 19, compared with analyst expectations for an increase of 3.7 million barrels.Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.4 million barrels, EIA said.Refinery crude runs fell by 48,000 barrels per day, EIA data showed.

U.S. Crude Oil Stockpiles Rise Unexpectedly in Week - EIA

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U.S. crude stocks rose unexpectedly last week, while gasoline stocks decreased and distillate inventories grew, the Energy Information Administration said on Wednesday.Crude inventories rose by 6.8 million barrels in the last week, compared with analysts' expectations for an decrease of 2.5 million barrels.Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.64 million barrels, EIA said.Refinery crude runs rose by 383,000 barrels per day, EIA data showed.

U.S. Crude Stockpiles Fall More Than Expected - EIA

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U.S. crude stocks fell more than forecast last week, while gasoline and distillate inventories dropped unexpectedly, the Energy Information Administration said on Wednesday.Crude inventories fell by 2.6 million barrels in the week to Aug. 24, compared with analysts' expectations for a decrease of 686,000 barrels.Crude stocks at the Cushing, Oklahoma, delivery hub rose by 58,000 barrels, EIA said.Refinery crude runs fell by 326,000 barrels per day, EIA data showed.

Oil Falls as Refined Products' Stocks Rise

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Oil prices fell on Friday as a rise in stocks of refined petroleum products offset a sharp decline in U.S. crude inventories to the lowest level since 2015.Brent crude futures were down 34 cents at $76.16 a barrel by 1346 GMT. U.S. West Texas Intermediate (WTI) crude futures slipped 64 cents to $67.13 per barrel.Both contracts were set for their first weekly loss in three.U.S. commercial crude oil inventories fell by 4.3 million barrels to 401.49 million barrels <C-STK-T-EIA> in the week to Aug. 31, the lowest since February 2015, U.S.

U.S. Crude Stockpiles Fell More Than Expected Last Week - EIA

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U.S. crude stocks fell last week, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday.Crude inventories fell by 5.3 million barrels in the last week, compared with analysts' expectations for an decrease of 805,000 barrels.Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.2 million barrels, EIA said.Refinery crude runs rose by 210,000 barrels per day, EIA data showed. Refinery utilization rates rose by 1 percentage points.Gasoline stocks rose by 1.3 million barrels…

U.S. Crude Stocks Rise by 8 mln Barrels

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U.S. crude stocks rose last week as refineries hiked output, while gasoline stocks decreased and distillate inventories fell, the Energy Information Administration said on Wednesday.Crude inventories rose by 8 million barrels in the week to Sept. 28, compared with analysts' expectations for an increase of 2 million barrels.Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.7 million barrels, EIA said.Refinery crude runs rose by 77,000 barrels per day, EIA data showed.

Maritime Rule Change Stirs Fears of Diesel Shortage: Kemp

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The International Maritime Organization (IMO) has so far resisted pressure to soften or postpone the implementation of new regulations requiring ships to use bunker fuels with a lower sulphur content from the start of 2020.That has prompted warnings from some analysts that the regulations will squeeze the availability of low-sulphur diesel and jet kerosene required by trucks, trains, aircraft, farmers and industry, resulting in big price increases.The regulations and any associated rise in fuel prices will occur in the run up to the next U.S.

Fuel Markets Confirm Global Growth Slowdown: Kemp

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If the global economy starts to grow more slowly, the impact will show up first in the price of refined fuels such as road diesel, marine gasoil and jet fuel that play a central role in the freight transport system.Middle distillate fuels are principally burned in the high-powered engines used in trucks, railroads, ships, barges and aircraft to move freight around the world, as well as in factories, on farms and at mines and oilfields.Mid-distillates account for more than a third of the oil used around the world every day…

U.S. Crude Stocks Up by 6 mln Barrels - EIA

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U.S. crude stocks rose last week as refineries cut output, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Thursday.Crude inventories rose by 6 million barrels in the week to October 5, compared with analysts' expectations for an increase of 2.6 million barrels.Crude stocks at the Cushing, Oklahoma, delivery hub rose by 2.4 million barrels, EIA said.Refinery crude runs fell by 352,000 barrels per day, EIA data showed.

U.S. Crude, Gasoline Stockpiles Fell Last Week - EIA

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U.S. crude stocks fell last week, while gasoline stocks decreased and distillate inventories rose, the Energy Information Administration said on Wednesday.Crude inventories fell by 2.1 million barrels in the last week, compared with analysts' expectations for an decrease of 2.7 million barrels.Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.25 million barrels, EIA said.Refinery crude runs fell by 442,000 barrels per day, EIA data showed. Refinery utilization rates fell by 2.2 percentage points.Gasoline stocks fell by 1.7 million barrels…

U.S. Crude Oil Stockpiles Decline More Than Expected Last Week

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U.S. crude stocks fell more than expected in the latest week, while gasoline and distillate inventories rose, the Energy Information Administration said on Thursday.Crude inventories fell by 4.3 million barrels in the last week, compared with analysts' expectations for a decrease of 1.3 million barrels.Crude stocks at the Cushing, Oklahoma, delivery hub rose by 549,000 barrels, EIA said.Refinery crude runs rose by 81,000 barrels per day, EIA data showed. Refinery utilization rates rose by 0.3 percentage points.Gasoline stocks rose by 1.8 million barrels…

U.S. Crude Inventories Rise Unexpectedly as Imports Jump - EIA

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U.S. crude stocks rose last week as imports jumped, while gasoline stocks decreased and distillate inventories rose, the Energy Information Administration said on Wednesday.Crude inventories rose by 3.8 million barrels in the week to July 27, compared with analysts' expectations for a decrease of 2.8 million barrels.Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.3 million barrels, EIA said.Refinery crude runs rose by 195,000 barrels per day, EIA data showed.

U.S. Crude Stockpiles Fall More Than Expected in Week - EIA

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U.S. crude stocks fell last week, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday.Crude inventories fell by 5.8 million barrels in the last week, compared with analysts' expectations for an decrease of 1.5 million barrels.Crude stocks at the Cushing, Oklahoma, delivery hub rose by 772,000 barrels, EIA said.Refinery crude runs fell by 89,000 barrels per day, EIA data showed. Refinery utilization rates remained unchanged.Gasoline stocks rose by 1.2 million barrels…

U.S. Crude Stocks Up by 6.5 mln barrels - EIA

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U.S. crude stocks rose last week, while gasoline stocks decreased and distillate inventories fell, the Energy Information Administration said on Wednesday.Crude inventories rose by 6.5 million barrels in the week to Oct. 12, compared with analysts' expectations for an increase of 2.2 million barrels.Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.8 million barrels, EIA said.Refinery crude runs rose by 77,000 barrels per day, EIA data showed. Refinery utilization rates remained unchanged.Gasoline stocks fell by 2 million barrels…

Freight Fuel Market Moves Back Towards Balance: Kemp

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The market for freight fuels is moving close to balance, after tightening significantly in 2017 and the first quarter of 2018, contributing to the recent stabilisation in crude oil prices.OECD stocks of middle distillate fuels, including road diesel, marine gasoil and jet fuel, totalled 513 million barrels at the end of June, according to the International Energy Agency (“Oil Market Report”, August 2018).Stocks have fallen compared with the slump years of 2015…

Oil Rises as Fuel Drawdown Sparks Rebound

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Saudi assurance on oil supplies, economic worries weigh as two China state refiners to skip Iran oil bookings for November. Oil prices jumped on Wednesday, rebounding after several days of weakness as a much bigger-than-expected drawdown in U.S. gasoline and diesel inventories augured for a coming seasonal increase in refining demand.Looming U.S. sanctions on oil exporter Iran helped support prices, but traders remained concerned about the worldwide energy demand outlook. On Tuesday, oil prices slumped 5 percent on concerns tied to a weaker economic outlook.U.S.

U.S. Crude Stocks Rise by 3.2 mln bbls Last Week - EIA

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U.S. crude stocks rose last week, while gasoline stocks decreased and distillate inventories fell, the Energy Information Administration said on Wednesday.Crude inventories rose by 3.2 million barrels in the last week, compared with analysts' expectations for an increase of 4.1 million barrels.Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.9 million barrels, EIA said.Refinery crude runs rose by 149,000 barrels per day, EIA data showed. Refinery utilization rates rose by 0.2 percentage points.Gasoline stocks fell by 3.2 million barrels…