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With oil prices remaining relatively strong despite minor hiccups, energy companies like Occidental Petroleum (OXY), Coterra Energy (CTRA) and Hess Corporation (HESS) have seen solid gains in 2022.
This Week in Petroleum: Weekly summary and explanation of events in United States and world petroleum markets, including weekly data. [8] This report, together with its companion, the Weekly Petroleum Status Report, [9] is a handy tool for investors. These are published every Wednesday (unless Monday is a holiday) at 10:30 AM Eastern Time (for ...
The federal government's EIA report revealed that crude inventories rose by 3.1 million barrels, compared to the 1.3 million barrels increase that energy analysts had expected.
Output in the United States edged up by 100,000 barrels per day last week to 11.1 million barrels per day - the most since the EIA started maintaining weekly data in 1983.
A lower oil rig count and the Russian cap also contributed, though U.S. crude inventories were the highest since June 2021. [2] For the week ending February 3, oil fell nearly 8 percent, with Brent at one point reaching $79.72, lowest since January 11, and WTI reaching $73.13, lowest since January 5.
Generally the Factory Orders report is not as widely watched as other economic indicators. [ citation needed ] The Advance Release on Durable Goods , which usually precedes the Factory Orders report by one week, garners more attention, [ citation needed ] given that the durable goods report includes orders for capital goods , a proxy for ...
U.S. crude oil inventories jumped last week even as refining utilization remained high, the EIA said on Wednesday in a majorly bearish report.
EIA-649 is considered to have International Standardization implication, as determined by EIA (Electronic Industries Alliance) [11] and TechAmerica, [3] both of which are US-based trade associations. EIA-649 is an internationally recognized consensus standard.