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George Soros



Crude Oil



Crude Oil from 1984, and 200 day exponential average in red.200 day rate of change (ROC) green
 
Crude Futures The Blue line is a Donchian channel, red line is a 5 day exponential average, green line is a 20 day exponential average. Vertical green bars MACD (Moving average convergence divergence) 5 and 20
 
Crude Oil Point & Figure (Spot)
Box value = 20 reversal = 3
 
U.S. Oil ETF   
The Blue line is a Donchian channel, red line is a 5 day exponential average, green line is a 20 day exponential average. Vertical green bars MACD (Moving average convergence divergence) 5 and 20.
 
Crude Oil deflated (adjusted) by US Consumer Price Index (CPI)
 
Crude Oil Recent, and 200 day exponential average in red.200 day rate of change (ROC) green
 
 Weekly U.S. Crude Oil (excluding SPR) Days of Supply  (Number of Days)                                  
 
U.S. Refinery Operating Rate
 
U.S.Rail Petroleum and Petroleum Products Traffic
 
U.S. Crude Oil Production
 
Pipeline Petroleum Movement
 
Crude Oil Links & Notes:
 

We were wrong about peak oil: there’s enough in the ground to deep-fry the planet.

10/1/2020“ As goes California, so goes the nation” California’s ban on sale of new petrol cars within 15 years is game-changing: US’s biggest economy + home to largest number of new car sales + 10% of US oil demand +  34 electric vehicles companies
3/2/2021 Petaluma, California - a city of 61,000 residents and 15 square miles in size - has become the first in the country to permanently halt the construction of new gas stations.

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3/2/2021 Petaluma, California - a city of 61,000 residents and 15 square miles in size - has become the first in the country to permanently halt the construction of new gas stations.
10/13/2020 (Reuters) - Radiation levels downwind of U.S. hydraulic fracturing drilling sites tend to be significantly higher than background levels, posing a potential health risk to nearby residents, according to a study by Harvard researchers released on Tuesday.
10/3/2020 There are 2.6 million unplugged onshore wells in the U.S., with another estimated 1.2 million that are undocumented and well on the way of becoming wards of the state. (Is this socialism? Asking for a friend)
10/1/2020 “As goes California, so goes the nation” California’s ban on sale of new petrol cars within 15 years is game-changing: US’s biggest economy + home to largest number of new car sales + 10% of US oil demand +  34 electric vehicles companies
8/25/2020 Some very long-term trends are changing for the better. First, insurance giant Suncorp says it won't insure oil or gas companies and projects. And now Exxon, the world’s biggest company as recently as 2011 is booted from the Dow Industrials.
8/24/2020 Utilisation rates for Very Large Crude Carriers (VLCC) fell to 44% in August, their lowest level this year according to Vortexa data. The sharp drop since the year-to-date high of 52% in May follows stymied global demand recovery for crude and a significant loss of cargoes compared to 2019 levels.
8/14/2020 Bloomberg: The U.S. seized four tankers carrying Iranian gasoline bound for Venezuela in an unprecedented move by the Trump administration that carries the potential to destabilize global oil shipments if Iran retaliates.
8/14/2020 United States Baker Hughes US Oil Rig Count down to 172 from previous 176
9/6/2015 (MW) Oil futures pared losses after data from Baker Hughes released Friday showed that the number of active oil-drilling rigs fell 13 to 662 as of Sept. 4. The total active rig count, which includes natural-gas rigs, was at 864, also down 13 rigs. Compared to last year, the total rig count has fallen by 1,061, with the oil rig count down 922.
We were wrong about peak oil: there’s enough in the ground to deep-fry the planet.
5/12/12 Gasoline stocks fell2.6 million barrels.
Distillate stocks decreased 3.3 million barrels
Ethanol stocks fell to 21.4 million barrels, down from 22.2 million the previous week
3/23/12 U.S. crude oil inventories fell last week by 1.16 million barrels to 346.29 million barrels
12/2/11 The DoE said: Crude oil stocks rose by 3.9 million barrels in the week ending November 25. Gasoline stocks rose by 0.2 million barrels. Distillate stocks rose by 5.5 million barrels. Ethanol stocks fell by 0.5 million to 17.0 million barrels
11/18/11 U.S. crude oil stocks decreased by 1.1 million barrels in the week ending November 11, gasoline stocks declined by 1.0 million and distillate stocks decreased by 2.1 million barrels. Ethanol production rose by 5 million to 916 million barrels. Stocks rose 0.7 million to 17.1 million barrels
9/8/11 The DOE said:
Crude supplies fell by 4 million barrels, or 1.1 percent, to 353.1 million barrels, which is 1.9% below year-ago levels.
Gasoline supplies rose by 200,000 barrels, or 0.1 percent, to 208.8 million barrels. That was 7.2% below year-ago levels.
Demand for gasoline over the four weeks ended Sept. 2 was 2.9% lower than a year earlier.
U.S. refineries ran at 89 % of capacity.
Supplies of distillate fuel rose by 700,000 barrels to 156.8 million barrels.
5/27/11 Bloomberg) Prince Alwaleed bin Talal said an oil price of $70 to $80 a barrel is in the best interests of Saudi Arabia because it diminishes the urgency in the U.S. and Europe to develop alternative energy sources.
5/26/11 Morgan Stanley lifted its Brent oil forecast to $120 a barrel this year.
5/17/11 Oil producers need to boost capacity by 45 million barrels a day, or almost half current output, over the next 20 years to meet demand and offset field declines, said the president of Society of Petroleum Engineers.
5/4/11 The DOE said:
Crude oil inventory rose by 3.42 million barrels
Gasoline stockpiles fell by 1.05 million barrels
4/20/11 The DOE said:
Crude oil stocks fell 2.3 million barrels
Gasoline stocks fell 1.6 million
Distillate stocks fell by 2.5 million barrels.
3/23/11 U.S. Crude oil stockpiles rose 2.1 million barrels to 352.8 million barrels, compared with an average survey estimate calling for a 1.7-million-barrel increase.
U.S. Gasoline stockpiles fell 5.3 million barrels to 219.7 million barrels.
1/26/11 The EIA said:
Supplies of crude-oil rose 4.8 million barrels.
Supplies of Gasoline rose 2.4 million barrels
Supplies of Distillate rose 100,000.
1/5/11 U.S. crude oil inventories fell 4.16 million barrels to 335.3 million last week.
12/11/10 OPEC ministers announced Saturday the oil output would remain unchanged, while Saudi Arabia said it favors a price between 70 to 80 dollars per barrel.
11/26/10 The DOE reported:
Crude-oil inventories rose 1 million barrels
Supplies of distillates fell 500,000 barrels
Gasoline stocks rose 1.9 million barrels
11/8/10 Hedge funds ramped up bullish bets on oil to the highest level since at least June 2006.
10/22/10 US crude inventories rose by 700,000 bbl to 361.2 million bbl
Gasoline stocks rose 1.2 million bbl to 219.3 million bbl
Distillate fuel inventories fell 2.2 million bbl to 170.1 million bbl
10/13/10 China imported 23.29 million tons of crude in September 35.4% higher than the 17.2 million tons China imported in the corresponding month of 2009.
10/4/10 Iraq's oil minister boosted the estimate of the country's proven oil reserves to 143.1 billion barrels-- up 25 %
8/27/10 The U.S. DOE said:
Inventories of crude rose 4.11 million barrels in the week to Aug. 20, dwarfing a forecast for a build of 200,000 barrels.
However, crude oil inventories at the key Cushing, Oklahoma, delivery hub fell 779,000 barrels to 36.3 million barrels, about the only bullish feature in the weekly report.
Inventories of Gasoline rose 2.27 million barrels, at odds with forecasts of a small drawdown.
Inventories of Distillate stocks increased by 1.76 million barrels.
India overtook Japan in demand for oil among Asian nations in the second quarter of 2010.
8/20/10 Daily consumption of oil in the U.S. declined 5% to 18.7 million barrels over a 10–year period ending in 2009, according to the U.S. Energy Information Administration. By contrast, China's daily oil consumption increased 73% to 8.2 million barrels over the same period.
7/14/10 The DOE said:
Supplies of crude oil fell 5.1 million barrels (Analysts had expected a drop of 2.6 million barrels)
Supplies of gasoline rose 1.6 million barrels
Supplies of heating oil and diesel rose 2.9 million barrels
Refineries operated at 90.5% of capacity
6/30/10 The U.S. Department of Energy said:
Supplies of crude oil fell 2.0 million barrels last week to 363.1 million barrels.
Supplies of gasoline rose 500,000 barrels
Supplies of distillates rose 2.5 million barrels.
Gasoline demand rose 1.5%
Distillate demand rose 10.9%
6/23/10 The U.S. DOE said:
Supplies of crude oil rose 2.0 million barrels to 365.1 million barrels.
Supplies of gasoline fell 800,000 barrels
Supplies of distillates rose 300,000 barrels
Gasoline demand rose 0.8%
Distillate demand rose 12.8%
6/9/10 The U.S. Department of Energy said:
Supplies of crude oil fell 1.8 million barrels to 361.4 million barrels.
Supplies of gasoline were unchanged
Gasoline demand fell 1.0%
Distillate demand rose 12.1%
Refinery use was at 89.1% of capacity
The manufacturer of BP’s dispersant says that it can’t reveal the dispersants composition, because it is a trade secret —NO KIDDING
6/7/10 As much as 32.3 billion tons of oil can be discovered in China in the future, the 21st Century Business Herald reported Monday, citing experts from the Research Institute of Economics and Technology.
6/3/10 The U.S. Department of Energy said:
Supplies of crude oil fell 1.9 million barrels to 363.2 million barrels.
Supplies of gasoline fell 2.6 million barrels
Supplies of heating oil fell 900,000 barrels.
Refinery use fell from 87.8% to 87.5%
Gasoline demand rose 0.5%
Distillate demand rose 17.1% from a year ago.
4/21/10 The U.S. Department of Energy said:
Supplies of crude oil rose 1.9 million barrels last week to 355.9 million barrels.
Supplies of gasoline rose 3.6 million barrels
Supplies of heating oil rose 600,000 barrels.
Refinery use increased from 85.6% to 85.9% of capacity
Gasoline demand rose 2.7%
Distillate demand fell 0.1%
4/14/10 The U.S. DOE said:
Supplies of crude oil fell 2.2 million barrels 354.0 million barrels.
Supplies of gasoline fell 1.1 million barrels
Supplies of heating oil rose 500,000 barrels.
Refinery use rose from 84.5% to 85.6% of capacity last week.
Gasoline demand fell 2.8% YoY
Distillate demand rose 0.4% YoY.
3/29/10 In 2009, China produced 189 million tons of crude oil, but imported an extra 199 million tons, and the oil import dependence well exceeded the warning line of 50%t for the first time to reach 51.29 percent.
3/24/10 Macquarie foresaw big falls in global oil inventories and said the huge surplus of oil in tankers at sea could be gone by summer.
3/24/10 The U.S. DOE said:
Supplies of crude oil rose 7.3 million barrels last week to 351.3 million barrels.
Supplies of gasoline fell 2.7 million barrels
Supplies of heating oil rose 300,000 barrels.
Refinery use rose from 80.6% to 81.1% of capacity
Gasoline demand rose 1.2% YoY
Distillate demand fell 0.9% YoY.
3/17/10 The U.S. Department of Energy said:
Supplies of crude oil rose 1.0 million barrels last week to 344.0 million barrels.
Supplies of gasoline fell 1.7 million barrels
Supplies of heating oil fell 1.4 million barrels.
Refinery use fell from 80.7% to 80.6% of capacity
Gasoline demand rose 1.3% YoY
Distillate demand fell 3.1% YoY
3/7/10 World oil consumption has recovered back to its pre-crash peak. Numbers published for December 2009, and January 2010 show that demand for the crude once again touched 86.4 MB/d – or A Thousand Barrels a Second.
3/3/10 The U.S. DOE said:
Supplies of crude oil rose 4.1 million barrels last week to 341.6 million barrels.
Supplies of gasoline rose 700,000 barrels
Supplies of heating oil fell 400,000 barrels.
Refinery use rose from 81.2% to 81.9%
Gasoline demand rose 0.1% YoY
Distillate demand fell 4.8% YoY.
2/12/10  The DOE said:
Supplies of crude oil rose 2.4 million barrels to 331.4 million barrels.
Supplies of gasoline rose 2.3 million barrels
Supplies of heating oil rose 1.5 million barrels.
Refinery use rose from 77.7% to 79.1%
2/3/10 2/3/10 The U.S. Department of Energy said:
Supplies of crude oil rose 2.3 million barrels to 329.0 million barrels.
Supplies of gasoline fell 1.3 million barrels
Supplies of heating oil rose 800,000 barrels.
Refinery use fell from 78.5% to 77.7%.
Gasoline demand fell 0.5% YoY
Distillate demand fell 9.1% YoY.
1/13/10 The U.S. Department of Energy said:
Supplies of crude oil rose 3.7 million barrels to 331.0 million barrels.
Supplies of gasoline rose 3.8 million barrels
Supplies of heating oil fell 1.1 million barrels.
Refinery use rose from 79.9% to 81.3% of capacity last week
Gasoline rose 0.4% YoY
Distillate demand fell 4.0% YoY
1/6/10 The U.S. Department of Energy said:
Supplies of crude oil rose 1.3 million barrels last week to 327.3 million barrels.
Supplies of gasoline rose up 3.7 million barrels
Supplies of heating oil fell 1.3 million barrels
Refinery use fell from 80.3% to 79.9% of capacity last week.
Gasoline demand rose 0.3% YoY
Distillate demand fell 1.0% YoY.
12/16/09 The U.S. Department of Energy said:
Supplies of crude oil fell 3.7 million barrels to 332.4 million barrels.
Supplies of gasoline rose 900,000 barrels
Supplies of heating oil fell 2.3 million barrels.
Refinery use fell from 81.1% to 80.0%
Gasoline demand rose 1.0% YoY
Distillate demand fell 6.6% YoY
12/9/09 The U.S. Department of Energy said:
Supplies of crude oil fell 3.8 million barrels to 336.1 million barrels
Supplies of gasoline rose 2.2 million barrels
Supplies of heating oil supplies fell 700,000 barrels.
Refinery use rose from 79.7% to 81.1% of capacity
Gasoline demand rose 1.2% YoY
Distillate demand fell 8.3% YoY
11/18/09 The U.S. Department of Energy said:
Supplies of crude oil fell 900,000 barrels to 336.8 million barrels.
Supplies of gasoline fell 1.7 million barrels
Supplies of heating oil rose 300,000 barrels.
Refinery use fell from 79.9% to 79.4% of capacity
Gasoline demand fell 0.4% YoY
Distillate demand fell 11.4% YoY
11/12/09 The U.S. Department of Energy said:
Supplies of crude oil rose 1.8 million barrels to 337.7 million barrels.
Supplies of gasoline rose 2.5 million barrels
Supplies of heating oil rose 800,000 barrels.
Refinery use fell from 80.6% to 79.9%
Gasoline demand fell 1.0% YoY
Distillate demand fell 13.8% YoY
China's raw coal output hit 270 million tons in October, climbing to the year's second highest peak
11/4/09 The U.S. Department of Energy said:
Supplies of crude oil fell 4.0 million barrels.
Supplies of gasoline fell 300,000 barrels
Supplies of heating oil supplies fell 1.1 million barrels.
Refinery use fell from 81.8% to 80.6%
Gasoline demand was unchanged YoY
Distillate demand fell 14.8% YoY.
10/21/09 The U.S. DOE said:
Supplies of crude oil rose 1.3 million barrels last week at 339.1 million barrels.
Supplies of gasoline fell 2.3 million barrels
Supplies of heating oil rose 300,000 barrels.
Refinery use rose from 80.9% to 81.1% of capacity.
Gasoline demand rose 4.2% YoY
Distillate demand fell 12.1% YoY.
Demand for coal to generate electricity and make steel in China and India is expected to grow by 7% to 8% annually in the next five years, leaving the world "chronically" short of the fuel, the head of U.S. coal miner Peabody Energy Inc (BTU.N) said.
10/15/09 The U.S. Department of Energy said:
Supplies of crude oil rose 400,000 barrels to 337.8 million barrels
Supplies of gasoline fell 5.2 million barrels
Supplies 0f heating oil fell 200,000 barrels.
Refinery use fell from 85.0% to 80.9%.
Gasoline demand rose 5.3% YoY
Distillate demand fell 10.8% Yoy.
10/7/09 The U.S. Department of Energy said:
Supplies of crude oil fell 1 million barrels to 337.4 million barrels.
Supplies of gasoline rose 2.9 million barrels
Supplies of heating oil rose 400,000 barrels.
Refinery use rose from 84.6% to 85.0%
Gasoline demand rose 6.2% YoY
Distillate demand fell 9.5% YoY.
9/30/09 The U.S. Department of Energy said:
Supplies of crude oil rose 2.8 million barrels last week to 338.4 million barrels.
Supplies of gasoline fell 1.6 million barrels
Supplies of heating oil rose 400,000 barrels
Refinery use fell from 85.6% to 84.6%
Gasoline demand rose 5.4% YoY
Distillate demand fell 9.2% YoY.
9/16/09 The U.S. Department of Energy said:
Supplies of crude oil
 fell 4.7 million barrels to 332.8 million barrels
Supplies of gasoline rose 500,000 barrels
Supplies of heating oil rose 200,000 barrels
Refinery use fell from 87.2% to 86.9%.
Gasoline demand rose 3.5% YoY
Distillate demand fell 6.8% YoY
9/10/09 The U.S. Department of Energy said:
Supplies of crude oil fell 5.9 million barrels last week to 337.5 million barrels.
Supplies of gasoline rose 2.1 million barrels
Supplies of heating oil rose 600,000 barrels.
Refinery use was 87.2% of capacity.
Gasoline demand rose 2.2% YoY
Distillate demand fell 5.6% YoY.
9/2/09 The U.S. Department of Energy said:
Supplies of crude oil fell 400,000 barrels to 343.4 million barrels.
Supplies of gasoline fell 3.0 million barrels to 205.1 million barrels
Supplies of heating oil are unchanged..
Refinery use rose from 84.1% to 87.2%.
Gasoline demand rose 0.5%
Distillate demand fell 7.3%
BP the U.K. energy giant said it has made a "giant" oil discovery in a deep well drilled in U.S. waters in the Gulf of Mexico.
8/26/09 The U.S. Department of Energy said:
Supplies of crude oil rose 200,000 barrels to 343.8 million barrels.
Supplies of gasoline fell 1.7 million barrels
Supplies of heating oil rose 1.1 million barrels.
Refinery use rose from 84.0% to 84.1% of capacity.
Gasoline demand fell 0.3% YoY
Distillate demand fell 7.9% YoY.
8/19/09 The U.S. Department of Energy said:
Supplies of crude oil fell 8.4 million barrels to 343.6 million barrels
Supplies of gasoline fell 2.1 million barrels
Supplies of heating oil fell 400,000 barrels.
Refinery use rose from 83.5% to 84.0%
Gasoline demand fell 0.1% YoY
Distillate demand fell 9.1% YoY.
7/29/09 The U.S. DOE said:
Supplies of crude oil rose 5.1 million barrels last week to 347.8 million barrels.
Supplies of gasoline fell 2.3 million barrels
Supplies of heating oil rose 200,000 barrels.
Refinery use fell from 85.8% to 84.6% of capacity.
Gasoline demand rose 0.8% YoY
Distillate demand fell 10.7% YoY.
Coal supplies at U.S. power plants grew 0.5% WoW and 28% YoY amid unusually feeble summer demand, Genscape said.
7/22/09 The U.S. Department of Energy said:
Supplies of crude oil fell 1.8 million barrels last week to 342.7 million barrels.
Supplies of gasoline rose 800,000 barrels
Supplies of heating oil rose 800,000 barrels.
Refinery use fell from 87.9% to 85.8%.
YoY Gasoline demand rose 0.7%
YoY Distillate demand fell 11.0%.
7/15/09 The U.S. Department of Energy said:
Supplies of crude oil fell 2.8 million barrels to 344.5 million barrels
Supplies of gasoline rose 1.5 million barrels
Supplies of heating oil rose 500,000 barrels.
Refinery use rose from 86.8% to 87.9% of capacity
Gasoline demand rose 0.6% YoY
Distillate demand fell 11.7% YoY.
7/8/09 The U.S. DOE said:
Supplies of crude oil fell 2.9 million barrels to 347.3 million barrels.
Supplies of gasoline rose 1.9 million barrels
Supplies of heating oil rose 2.0 million barrels.
Refinery use fell from 87.0% to 86.8%.
Gasoline demand rose 1.3% YoY
Distillate demand fell 12.3% YoY.
7/1/09 The U.S. Department of Energy said:
Supplies of crude oil fell 3.7 million barrels to 350.2 million barrels
Supplies of gasoline rose 2.3 million barrels
Supplies of heating oil rose 2.8 million barrel
Refinery use fell from 87.1% to 87.0%.
Gasoline demand rose 0.9% YoY
Distillate demand fell 9.4% YoY.
6/24/09 The U.S. Department of Energy said:
Supplies of crude oil fell 3.8 million barrels last week to 353.9 million barrels
Supplies of gasoline rose 3.9 million barrels
Supplies of heating oil fell 100,000 barrels.
Refinery use increased from 85.9% to 87.1%
Gasoline demand rose 0.4% YoY
Distillate demand fell 9. 3% YoY
6/17/09 The U.S. DoE said:
Supplies of crude oil fell 3.9 million barrels to 357.7 million barrels
Supplies of gasoline rose 3.4 million barrels
Supplies of heating oil supplies rose 600,000 barrels.
Distillate inventories rose by 0.3 million barrels.
Gasoline demand rose 1.1%
6/12/09 OPEC expects world oil demand to average 83.8 million barrels per day in 2009, down from last month's estimate of 84.0 mbd.
Crude oil stored on offshore tankers fell 16% in the past two weeks to about 67 million barrels.
Crude oil exports from Iraq reached 2.4 million barrels per day, their highest level since after the U.S.-led invasion.
6/10/09 The U.S. DOE said:
Supplies of crude oil fell 4.4 million barrels to 361.6 million barrels.
Supplies of gasoline fell 1.6 million barrels
Supplies of heating oil fell 800,000 barrels.
Refinery use fell from 86.3% to 85.9%.
YoY Gasoline demand rose 0.4%
YoY distillate demand fell 8.4%.
6/3/09 The U.S. Department of Energy said;
Supplies of crude oil rose 2.9 million barrels to 366.0 million barrels
Supplies of gasoline fell 200,000 barrels
Supplies of heating oil fell 200,000 barrels.
Refinery use rose from 85.1% to 86.3%.
Gasoline demand fell 0.4% YoY
Distillate demand fell 8.8% YoY.
5/28/09 OPEC met and kept official production levels unchanged
The U.S. Department of Energy said:
Supplies of crude oil fell 5.4 million barrels to 363.1 million barrels.
Supplies of gasoline fell 600,000 barrels
Supplies of heating oil rose 1.1 million barrels.
Refinery use rose from 81.8% to 85.1%
Gasoline demand fell 0.4% YoY
Distillate demand fell 9.9% YoY
5/20/09 The U.S. Department of Energy said:
Supplies of crude oil fell 2.1 million barrels to 368.5 million barrels
Supplies of gasoline fell 4.3 million barrels
Supplies of heating oil rose 300,000 barrels.
Refinery use fell from 83.7% to 81.8% of capacity.
Gasoline demand fell 1.2%
Distillate demand fell 12.0%
5/7/09 China's main ports received 15.3 million tonnes or 3.72 million barrels per day of imported crude oil in April -- up 9% YoY.
China has approved a plan to set up 10 million tonnes of refined fuel reserves by 2011 -- about two weeks of current consumption.
5/6/2009 The U.S. Department of Energy said:
Supplies of crude oil rose 600,000 barrels to 375.3 million barrels
Supplies of gasoline fell 200,000 barrels
Supplies of heating oil rose 900,000 barrels.
Refinery use rose from 82.7% to 85.3%.
Gasoline demand fell 0.9% YoY
Distillate demand fell 14.1% YoY.
The USDA estimates that Brazil will produce 28.45 billion liters of ethanol in 2009-2010, up from 26.85 billion liters YoY.
4/29/09 The U.S. Department of Energy said:
Supplies of crude oil rose 4.1 million barrels to 374.7 million barrels
Supplies of gasoline fell 4.7 million barrels
Supplies of heating oil rose 1.5 million barrels.
Refinery use fell from 83.4% to 82.7%
Gasoline demand fell 0.5% YoY.
Distillate demand fell 10.5% YoY.
4/22/09 The U.S. DOE said:
Supplies of crude oil rose 3.7 million barrels to 370.6 million barrels
Supplies of unleaded gasoline rose 800,000 barrels
U.S. refineries operated at 83.4% of capacity
Gasoline demand fell 0.4% YoY
Distillate demand fell 9.4%. YoY.
4/15/09 The U.S. DOE said:
Supplies of crude oil rose 5.6 million barrels to 366.7 million barrels
Supplies of unleaded gasoline fell 900,000 barrels
Supplies of heating oil fell 700,000 barrels.
Refinery use fell from 81.8% to 80.4%.
Gasoline demand fell 0.4% YoY
Distillate demand fell 6.7% YoY.
Coal stocks at U.S. power plants rose 1% WoW and 17.1 YoY. Electric companies had 164.3 million short tons of coal stockpiled, compared with 162.7 million tons reported last Tuesday and 140.2 million tons the same week last year.
Russia’s Gazprom estimates its end-2008 reserves at 217.3 billion barrels of oil equivalent, the company said, representing an increase of 11% from 2007, when Gazprom's reserves were 196.4 billion.
4/13/09 The world could run out of oil in 20 years. This grim scenario is not the prediction of environmentalists, but of Michel Mallet, the general manager of French energy giant Total's German operations.
4/8/09 The U.S. Department of Energy said:
Supplies of crude oil rose 1.7 million barrels to 361.1 million barrels
Supplies of gasoline rose 600,000 barrels
Supplies of heating oil fell 1.1 million barrels.
Refinery use rose from 81.7% to 81.8% of capacity.
Gasoline demand fell 0.2% from YoY
Distillate demand fell 7.2% YoY.
4/1/2009 The U.S. Department of Energy said:
Supplies of crude oil rose 2.8 million barrels last week to 359.4 million barrels.
Supplies of gasoline rose 2.2 million barrels
Supplies of heating oil rose 300,000 barrels.
Refinery use fell from 82.0% to 81.7%.
Gasoline demand fell 0.2% YoY
Distillate demand fell 9.1% YoY.
3/18/09 The U.S. Department of Energy said:
Supplies of crude oil rose 2.0 million barrels to 353.3 million barrels
Supplies of gasoline rose 3.2 million barrels
Supplies of heating oil fell 1.0 million barrels.
Refinery use fell from 82.7% to 82.1% of capacity
Gasoline demand rose 1.1% YoY
3/16/09 OPEC met and decided to keep the official production quota unchanged
OPEC expects world oil demand to total 84.6 million barrels per day in 2009
3/11/09 The U.S. DOE said:
Supplies of crude oil rose 700,000 barrels last week to 351.3 million barrels
Supplies of gasoline fell 3.0 million barrels
Supplies of heating oil rose 1.3 million barrels.
Refinery use fell from 83.1% to 82.7% of capacity
Gasoline demand rose 1.6% YoY
Distillate demand fell 6.1% YoY.
3/4/2009 The U.S. DOE said:
Supplies of crude oil fell 700,000 barrels 350.6 million
Supplies of gasoline rose 200,000 barrels
Supplies of heating oil rose 900,000 barrels.
Refinery use rose from 81.4% to 83.1% of capacity.
Gasoline demand rose 2.2% YoY
Distillate demand fell 4.5% YoY.
2/25/09 The U.S. DOE said:
Supplies of crude oil rose 700,000 barrels to 351.3 million barrels.
Supplies of gasoline fell 3.4 million barrels
Supplies of heating oil fell 300,000 barrels.
Refinery use fell from 82.3% to 81.4% of capacity
Gasoline demand fell 1.7% YoY
Distillate demand fell 1.6% YoY
2/11/2009 The U.S. Department of Energy said:
Supplies of crude oil rose 4.7 million barrels last week to 350.8 million
Supplies of gasoline fell 2.6 million barrels
Supplies of heating oil fell 2.1 million barrels.
Refinery use fell from 83.5% to 81.6%
Gasoline demand rose 0.1% YoY
Distillate demand fell 1.1% YoY
2/4/2009 The U.S. Department of Energy said:
Supplies of crude oil rose 7.2 million barrels to 346.1 million barrels
Supplies of gasoline rose 300,000 barrels
Supplies of heating oil rose 1.4 million barrels.
Refinery use rose from 82.5% to 83.5% of capacity last
Gasoline demand fell 0.5% YoY
Distillate demand fell 3.7% YoY
1/28/09 The U.S. Department of Energy said:
Supplies of crude oil rose 6.2 million barrels last week to 338.9 million
Supplies of gasoline fell 100,000 barrels
Supplies of heating oil fell 1.9 million barrels.
Refinery use fell from 83.3% to 82.5% of capacity
Gasoline demand fell 1.7% YoY
Distillate demand fell 3.0% YoY.
1/22/09 The U.S. Department of Energy said:
Supplies of that crude oil rose 6.1 million barrels to 332.7 million
Supplies of gasoline rose 6.5 million barrels
Supplies of heating oil fell 1.4 million barrels.
Refinery use fell from 85.2% to 83.3%.
Gasoline demand fell 1.6% YoY
Distillate demand fell 2.6% YoY.
1/7/09 The U.S. Department of Energy said:
Supplies of crude oil rose 6.7 million barrels to 325.4 million barrels
Supplies of gasoline rose 3.3 million barrels
Supplies of heating oil fell 900,000 barrels
Refinery use increased from 82.5% to 84.6%.
Gasoline demand fell 2.2% YoY
Distillate demand rose 0.3% YoY.
12/17/2008 OPEC will be cutting oil production by 2.2 million barrels a day as of January 1.
The U.S. Department of Energy said:
Supplies of crude oil rose 500,000 barrels to 321.3 million barrels.
Supplies of gasoline rose 1.3 million barrels
Supplies of heating oil supplies rose 600,000 barrels.
Refinery use dropped from 87.4% to 84.1% of capacity
Gasoline demand fell 2.7%
Distillate demand fell 4.5%.
12/10/2008 The U.S. Department of Energy said:
Supplies of crude oil rose 400,000 barrels to 320.8 million barrels.
Supplies of gasoline rose 3.8 million barrels to 202.7 million barrels
Supplies of heating oil rose 1.7 million barrels.
Refinery use increased from 84.3% to 87.4% of capacity.
Gasoline demand fell 3.2% YoY
Distillate demand fell 4.0% YoY.
12/3/2008 The U.S. Department of Energy said:
Supplies of crude oil fell 400,000 barrels to 320.4 million barrels.
Supplies of gasoline fell 1.6 million barrels
Supplies of heating oil fell 2.1 million barrels.
Refinery use fell from 86.2% to 84.3% of capacity last week.
Gasoline demand fell 3.2%
11/26/08 The U.S. Department of Energy said:
Supplies of crude oil rose 7.3 million barrels to 320.8 million barrels.
Supplies of gasoline rose 1.9 million barrels
Supplies of heating oil fell 400,000 barrels.
Refinery use rose from 84.9% to 86.2% of capacity last week.
Gasoline demand fell 2.8% YoY
Distillate demand fell 2.2% YoY.
11/19/08 The U.S. Department of Energy said:
Supplies of crude oil rose 1.6 million barrels last week to 313.5 million barrels.
Supplies of gasoline rose 500,000 barrels
Supplies of heating oil supplies were up 400,000 barrels
Refinery use rose from 84.6% to 84.9%
Gasoline demand fell 2.2% YoY.
Distillate demand fell 3.3% YoY.
11/17/08 OPEC's Monthly Oil Report said they expect world oil demand to average 86.2 million barrels per day in 2008 and 86.7 in 2009.
11/13/08 The International Energy Agency lowered its forecast of 2009 world oil demand by 670,000 barrels per day to 86.5 million barrels per day.
11/13/08 The U.S. Department of Energy said:
Supplies of crude oil are unchanged at 311.9 million barrels.
Supplies of gasoline rose 2.0 million barrels
Supplies of heating oil rose 1.3 million barrels.
Refinery use fell from 85.3% to 84.6%
YoY gasoline demand fell 1.9%
YoY distillate demand fell 4.6%
11/5/08 The U.S. Department of Energy said:
Supplies of crude oil unchanged last week at 311.9 million barrels.
Supplies of gasoline rose 1.1 million barrels.
Supplies of heating oil rose 1.7 million barrels.
Refinery use remained at 85.3% .
Gasoline demand fell 2.3% YoY.
Distillate demand fell 4.8% YoY.
10/29/08 The U.S. Department of Energy said:
Supplies of crude oil rose 500,000 barrels
Supplies of gasoline fell 1.5 million barrels
Supplies of heating oil rose 400,000 barrels.
Refinery use increased last week from 84.8% to 85.3% of capacity.
Gasoline demand fell 3.4%YoY
Distillate demand fell 5.2% YoY.
10/24/08 OPEC wants to cut oil production by 1.5 million barrels a day
10/22/08 The U.S. Department of Energy said:
Supplies of crude oil rose 3.2 million barrels to 311.4 million barrels
Supplies of gasoline rose 2.7 million barrels
Supplies of heating oil rose 800,000 barrels.
Refinery use increased from 82.2% to 84.8% of capacity
Gasoline demand fell 4.3% YoY
Distillate demand fell 5.8% YoY
10/16/2008 The U.S. Department of Energy said:
Supplies of crude oil rose 5.6 million barrels to 308.2 million barrels.
Supplies of gasoline rose 7.0 million barrels
Supplies of heating oil fell 200,000 barrels.
Refinery use rose 80.9% to 82.2% last week.
Gasoline demand fell 5.2% YoY
Distillate demand fell 6.9% YoY.
10/8/2008 The U.S. DOE said:
Supplies of crude oil rose 8.1 million barrels to 302.6 million barrels,
Supplies of gasoline rose 7.2 million barrels
Supplies of heating oil supplies were up 400,000 barrels.
Refinery use rose from 72.3% to 80.9%
Gasoline demand fell 5.3% YoY
Distillate demand fell 8.3% YoY.
10/1/2008 The U.S. Department of Energy said:
Supplies of crude oil rose 4.3 million barrels to 294.5 million barrels,
Supplies of gasoline rose 900,000 barrels
Supplies of heating oil supplies rose 1.3 million barrels.
Refinery use improved from 66.7% to 72.3%
Gasoline demand fell 4.5% YoY
Distillate demand fell 8.4% YoY.
9/23/08 The U.S. Department of Energy said:
Supplies of crude oil fell 1.5 million barrels
Supplies of gasoline fell 5.9 million barrels
Supplies of heating oil rose 300,000 barrels.
Refinery use fell from 77.4% to 66.7% of capacity
Gasoline demand fell 3.5% YoY
Distillate demand fell 5.5% YoY
9/10/08 The U.S. DOE said:
Supplies of crude oil fell 5.9 million barrels to 289.0 million barrels.
Supplies of gasoline fell 6.5 million barrels
Supplies of heating oil rose 700,000 barrels.
Refinery use fell from 88.7% to 78.3%
Gasoline demand fell 2.1% YoY
Distillate demand fell 0.4%.
8/20/08 Goldman Sachs reasserted a forecast that oil prices could hit a record $149 a barrel by the end of the year as supply struggles to meet rising demand in Asia.
8/20/08 The U.S. DOE said:
Supplies of crude oil rose 9.4 million barrels to 305.9 million barrels -- more than expected. Supplies of gasoline fell 6.2 million barrels
Supplies of heating oil supplies rose 600,000 barrels.
Refinery use dropped from 85.9% to 85.7% of capacity.
Gasoline demand fell 1.6% YoY
Distillate demand rose 3.3% YoY.
7/23/08 The U.S. DOE said:
Supplies of crude oil fell 1.6 million barrels to 295.3 million barrels
Supplies of gasoline rose 2.9 million barrels
Supplies of heating oil rose 1.2 million barrels.
Refinery use fell from 89.5% to 87.1% of capacity last week.
Gasoline demand fell 2.4% YoY
Distillate demand rose 3.6%.
7/16/08 The U.S. Department of Energy said:
Supplies of crude oil rose 3.0 million barrels to 296.9 million barrels
Supplies of gasoline rose 2.4 million barrels
Suplies of and heating oil rose 1.3 million barrels.
Refinery use increased from 89.2% to 89.5% of capacity
Gasoline demand fell 2.1% YoY
Distillate demand rose 2.5% YoY.
7/9/08 The U.S. DOE said:
Supplies of crude oil were down 5.9 million barrels to 293.9 million barrels.
Supplies of gasoline were up 900,000 barrels
Supplies of heating oil supplies were up 1.0 million barrels.
Refinery use remained at 89.2%.
Gasoline demand fell 2.1% YoY
Distillate demand rose 1.3% YoY.
7/2/08 The U.S. DOE said:
Supplies of crude oil fell 2.0 million barrels to 299.8 million barrels.
Supplies of gasoline rose 2.1 million barrels
Supplies of heating oil rose 1.2 million barrels.
Refinery use improved from 88.6% to 89.2%.
Gasoline demand fell 1.7% YoY
Distillate demand fell 0.5% YoY.
6/26/08 The U.S. DOE said:
Supplies of crude oil rose 800,000 barrels last week to 301.8 million barrels
Supplies of gasoline fell 100,000 barrels
Supplies of heating oil rose 400,000 barrels.
Refinery use fell from 89.3% to 88.6% last week.
Gasoline demand was down 2.1% YoY
Distillate demand was down 1.1% YoY.
6/19/08 China announced they are increasing their subsidized gasoline prices 16% and diesel prices 40%.
6/18/08 The U.S. DOE said:
Supplies of crude oil fell 1.2 million barrels to 301.0 million barrels.
Supplies of gasoline fell 1.2 million barrels
Supplies of heating oil rose 1.4 million barrels.
Refinery use improved from 88.6% to 89.3
Gasoline demand was down 1.8%
Distillate demand was down 0.4%.
6/11/08 The U.S. DOE said:
Supplies of crude oil supplies fell 4.6 million barrels to 302.2 million barrels.
Supplies of gasoline rose 1.0 million barrels
Supplies of heating oil rose 600,000 barrels.
Refinery use fell from 89.7% to 88.6% last week.
Over the past four weeks, gasoline demand was down 1.3% YoY
Distillate demand rose 0.7% YoY.
BP Plc said in its annual Statistical Review of World Energy that Crude oil production fell 0.2 percent to 81.533 million barrels a day last year, from 81.659 million barrels a day in 2006.
Global oil consumption rose 1.1 percent to 85.22 million barrels a day last year.
China, the world's second-largest consumer, demand rose 4.1 percent to 7.855 million barrels a day.
U.S. consumption fell 0.1 percent to 20.698 million barrels a day.
Proved reserves were 1,237.9 billion barrels at the end of last year, compared with a revised total of 1,239.5 billion barrels for 2006.
6/10/08 The IEA said the world is consuming 86.8 million barrels of oil per day, down 80,000 barrels from last month's estimate.
5/21/08 Israel’s Prime Minister Olmert urged the United States to impose a naval blockade on Iran.
The U.S. DOE said:
Supplies of crude oil fell 5.4 million barrels to 320.4 million barrels
Supplies of gasoline fell 800,000 barrels
Supplies of heating oil rose 400,000 barrels.
Refinery use increased from 86.6% to 87.9% of capacity.
Gasoline demand fell 0.4% YoY
Distillate demand rose 0.7% YoY.
5/7/08 The U.S. Department of Energy said:
Supplies of crude oil rose 5.7 million barrels last week to 325.6 million barrels.
Supplies of gasoline rose 800,000 barrels
Supplies of heating oil rose 100,000 barrels.
Refinery use fell from 85.4% to 85.0%.
Gasoline demand rose 0.3% YoY
Distillate demand fell 0.5% YoY.
4/30/08 The U.S. DOE said that:
Supplies of crude oil rose 3.8 million barrels to 319.9 million barrels
Supplies of gasoline fell 1.5 million barrels
Supplies of heating oil fell 500,000 barrels.
Refinery use dropped from 85.6% to 85.4%
Gasoline demand rose 0.4% YoY
Distillate demand rose 0.7% YoY
4/23/08 The U.S. Department of Energy said:
Supplies of crude oil rose 2.4 million barrels to 316.1 million barrels.
Supplies of gasoline fell 3.2 million barrels
Supplies of heating oil rose 700,000 barrels.
Refinery use rose from 81.4% to 85.6% of capacity.
Gasoline demand rose 0.9% YoY
4/22/08 Reuters reported that YoY oil demand in China jumped up 8%.
4/16/08 The U.S. Department of Energy said:
Supplies of crude oil fell 2.3 million barrels to 313.7 million barrels.
Supplies of gasoline fell 5.5 million barrels
Supplies of and heating oil fell 200,000 barrels.
Refinery use fell from 83.0% to 81.4% of capacity.
Gasoline demand rose 0.8% YoY
Distillate demand fell 0.9%.
4/9/08 The U.S. Department of Energy said:
Supplies of crude oil fell 3.2 million barrels to 316.0 million barrels.
Supplies of gasoline fell 3.4 million barrels
Supplies of heating oil fell 2.7 million barrels.
Refinery use rose from 82.4% to 83.0% of capacity.
Gasoline demand rose o.3% YoY
Distillate demand was unchanged YoY.
(Oil hits record above $112 after US inventories)
4/2/08 The U.S. Department of Energy said:
Supplies of crude oil rose 7.4 million barrels to 319.2 million barrels.
Supplies of gasoline fell 4.5 million barrels.
Supplies of heating oil supplies fell 1.3 million barrels.
Refinery use increased from 82.2% to 82.4% of capacity.
Gasoline demand was unchanged.
Distillate demand fell 3.1%.
2/21/08 The U.S. DoE said:
Supplies of crude oil rose 4.2 million barrels to 305.3 million barrels.
Supplies of gasoline rose 1.1 million barrels
Supplies of heating oil fell 1.5 million barrels.
Refinery use fell from 85.1% to 83.5%
Gasoline demand rose 0.5%
Distillate demand fell 1.9%
Supplies of natural gas fell 172 billion cubic feet to 1.770 trillion cubic feet.
2/13/08 The DOE said:
Supplies of crude oil rose 1.1 million barrels to 301.1 million barrels.
Supplies of gasoline rose 1.7 million barrels
Supplies of heating oil rose 600,000 barrels.
Refinery activity improved from 84.3% to 85.1% of capacity
Gasoline demand rose 0.4% YoY
Distillate demand fell 2.8% YoY
1/30/08 The U.S. Department of Energy said that:
Supplies of crude oil rose 3.6 million barrels to 293.0 million barrels.
Supplies of gasoline rose 3.6 million barrels
Supplies of heating oil supplies fell 200,000 barrels.
Refinery use fell from 86.5% to 85.0% of capacity last week.
Gasoline demand rose 1.4% YoY
Distillate demand fell 0.4% YoY.
1/24/08 The U.S. Department of Energy said that:
Supplies of crude oil rose 2.3 million barrels to 289.4 million barrels
Supplies of gasoline rose 5.0 million barrels
Supplies of heating oil supplies fell 300,000 barrels.
Refinery use fell from 87.1% to 86.5%
Gasoline demand rose 1.1%
Distillate demand rose 0.3%.
1/17/08 The WSJ reports that Global oil fielda output is declining at a rate of about 4.5% a year. But new projects in the works could make up for the decline.
The U.S. Department of Energy said that underground supplies of natural gas were down 59 billion cubic feet last week to 2.691 trillion cubic feet. Supplies are down 9% YoY
1/3/08 The U.S. Department of Energy said that:
Supplies of crude oil fell 4.0 million barrels last week to 289.6 million barrels.
Supplies of gasoline rose 1.9 million barrels
Supplies of heating oil fell 1.4 million barrels.
Refinery use rose from 88.1% to 89.4% of capacity last week.
Gasoline demand rose 0.1% YoY
Distillate demand rose 5.7% YoY.
12/19/07 The U.S. department of energy said that:
Supplies of crude oil fell 7.6 million barrels to 296.9 million barrels.
Supplies of gasoline rose 3.0 million barrels
Supplies of heating oil fell 2.1 million barrels.
Refinery use fell from 88.8% to 87.8%
Gasoline demand rose 0.3% YoY
Distillate demand rose 4.3%.
12/12/07 The U.S. Department of Energy said that:
Supplies of crude oil fell 700,000 barrels to 304.5 million barrels.
Supplies of gasoline rose 1.6 million barrels
Supplies of heating oil supplies fell 1.0 million barrels.
Refinery use fell from 89.4% to 88.8% of capacity.
Gasoline demand rose 0.4% YoY
Distillate demand rose 4.3% YoY.
12/5/07 The U.S. Department of Energy said that:
Supplies of crude oil fell 8.0 million barrels to 305.2 million barrels
Supplies of gasoline rose 4.0 million barrels.
Supplies of heating oil supplies fell 1.1 million barrels.
Refinery use unchanged at 89.4% of capacity.
Gasoline demand rose 0.2%
Distillate demand rose 5.9%.
10/31/07 The U.S. Department of Energy said:
Supplies of crude oil fell 3.9 million barrels to 312.7 million barrels.
Supplies of gasoline rose 1.3 million barrels
Supplies of heating oil supplies rose 500,000 barrels.
Refinery use fell from 87.1% to 86.2%
U.S. gasoline demand rose 0.3% YoY
Distillate demand fell 0.7%.
10/25/07 The DoE said underground supplies of natural gas were up 68 billion cubic feet last week to 3.443 trillion cubic feet.
10/24/07 The U.S. Department of Energy said that:
Supplies of crude oil were down 5.3 million barrels to 316.6 million barrels
Supplies of gasoline were down 2.0 million barrels.
Supplies of heating oil were up 900,000 barrels.
10/17/07 The U.S. Department of Energy said that:
Supplies of crude oil rose 1.8 million barrels to 321.9 million barrels.
Supplies of gasoline rose 2.8 million barrels
Supplies of heating oil rose 1.2 million barrels.
Refinery use fell from 87.8% to 87.3% of capacity.
Gasoline demand fell 0.5% YoY
Distillate demand rose 0.9% YOY
The Strategic Petroleum Reserve increased by 500,000 bar
10/11/07 The U.S. Department of Energy said that:
Supplies of crude oil supplies fell 1.7 million barrels to 320.1 million barrels
Supplies of gasoline rose 1.7 million barrels
Supplies of heating oil rose 1.0 million barrels
Gasoline demand fell o.4% YoY
Distillate demand rose 1.3% YoY
Underground supplies of natural gas rose 73 billion cubic to 3.336 trillion cubic feet.
10/3/07 The U.S. Department of Energy said that:
Supplies of crude oil were up 1.2 million barrels to 321.8 million barrels.
Supplies of Gasoline were down 100,000 barrels
Supplies of heating oil down 200,000 barrels.
Refinery use rose from 86.9% to 87.5% of capacity last week.
Gasoline demand rose 0.1% YoY
Distillate demand fell 0.4% YoY
9/6/07 The U.S. DOE said that:
Supplies of crude oil fell 3.9 million barrels to 329.7 million barrels.
Supplies of gasoline fell 1.5 million barrels.
Supplies of heating oil rose 1.2 million barrels.
Supplies of underground natural gas rose 36 billion cubic feet to 3.005 trillion cubic feet.
U.S. refinery use rose from 90.3% to 92.1%
Gasoline demand rose 0.5% YoY
Distillate demand was unchanged YoY.

8/29/07 The U.S. DOE said that:
Supplies of crude oil were down 3.5 million barrels to 333.6 million barrels.
Supplies of gasoline were down 3.6 million barrels.
Supplies of heating oil were up 600,000 barrels.
Refinery use fell from 91.6% to 90.3%.
Gasoline demand was up 0.5% YoY
Distillate demand was up 0.7% YoY.
8/8/07 The U.S. Department of Energy said that:
Supplies of crude oil fell 4.1 million barrels last week to 340.4 million barrels.
Supplies of gasoline fell 1.7 million barrels
Supplies of heating oil rose 1.9 million barrels.
Demand for gasoline was up 0.8% YoY
Demand for distillate rose 4.2% YoY
The California Air Resources Board mandated that gasoline sold in the state include 10% ethanol by the end of 2009. California consumed 1 billion gallons of ethanol this year and the new rules will likely double that figure.
7/18/07 The U.S. Department of Energy said that supplies of crude oil fell 500,000 barrels last week to 352.1 million barrels.
4/4/07 The U.S. Department of Energy (DOE) said that supplies of crude oil were up 4.3 million barrels last week at 332.7 million barrels.
3/14/07 The U.S. Energy Department  said that supplies of crude oil were up 1.1 million barrels to 325.3 million barrels.
2/28/07 The U.S. Department of Energy said that supplies of crude oil were up 1.4 million barrels to 329.0 million barrels.
2/12/07 Saudi Arabia's Oil Minister said that further production cuts by OPEC may not be necessary after the recent rise in prices.
2/7/07 The U.S. Department of Energy said that supplies of crude oil were down 400,000 barrels at 324.5 million barrels.
1/10/07 The U.S. Department of Energy said that supplies of crude oil supplies were down 5.0 million barrels at 314.7 million barrels.
1/4/07 The U.S. Department of Energy said that supplies of crude oil supplies were down 1.3 million barrels to 319.7 million barrels.
12/28/06 The U.S. Department of Energy said that supplies of crude oil were down 8.1 million barrels last week to 321.0 million barrels.
12/14/06 OPEC oil ministers said Thursday they will cut production by a half-million barrels a day starting Feb. 1, a 1.9% cut, Bloomberg reported.
12/13/06 The U.S. Department of Energy said that supplies of crude oil were down 4.3 million barrels last week to 335.4 million barrels.
11/29/06 The U.S. Department of Energy said that supplies of crude oil were down 300,000 barrels to 340.8 million barrels.
11/22/06 The U.S. Department of Energy said that supplies of crude oil were up 5.1 million barrels to 341.1 million barrels.
11/21/06 There is talk that OPEC may reduce production when they next meet on December 14th.
11/1/06 The U.S. Department of Energy said that supplies of crude oil were up 2.0 million barrels last week to 334.3 million barrels
10/25/06 The U.S. Department of Energy said that supplies of crude oil were down 3.3 million barrels to 332.3 million barrels.
10/20/06 OPEC late yesterday announced that it reached an agreement to cut production by 1.2 mln barrels a day starting on November 1st .
10/18/06 The U.S. Department of Energy said that supplies of crude oil were up 5.1 million barrels to 335.6 million barrels.
10/12/06 The U.S. Department of Energy said that supplies of crude oil were up 2.4 million barrels.
10/09/06 OPEC agreed to reduce oil production by one million barrels a day.
10/5/06 OPEC reportedly decided to cut production by 1 million barrels a day.
10/4/06 The U.S. Department of Energy said that supplies of crude oil were up 3.3 million barrels last week to 328.1 million barrels.
10/3/06 The Renewable Fuels Association said the U.S. consumed 360,000 barrels ar day of ethanol in July, more than the 316,000 daily barrels that were produced.
Oil tumbled more than two dollars on Tuesday to below $59 a barrel, sinking to the lowest level since February and prompting OPEC's president to call on the exporter group to deepen supply cuts.
9/27/06 The U.S. Department of Energy said that supplies of crude oil supplies were down 100,000 barrels to 324.8 million barrels.
9/20/06 The U.S. Department of Energy said that supplies of crude oil were down 2.8 million barrels at 324.9 million barrels.
9/7/06 The U.S. Department of Energy said that supplies of crude oil were down 2.2 million barrels to 330.6 million barrels.
8/16/06 The U.S. Department of Energy said that supplies of crude oil were down 1.6 million barrels to 331.0 million barrels.
8/9/06 The U.S. Department of Energy said that Supplies of crude oil were down 1.1 million barrels to 332.6 million barrels.
8/2/06 The U.S. Department of Energy said that supplies of crude oil were down 1.8 million barrels to 333.7 million barrels.
7/17/06  OPEC expects world oil demand to average 84.6 million barrels a day in 2006 and 85.9 million barrels a day in 2007.
7/6/06 The U.S. Department of Energy said that supplies of crude oil were down 2.4 million barrels to 341.3 million barrels.
6/28/06 The U.S. Department of Energy said that supplies of crude oil were down 3.4 million barrels last week to 343.7 million barrels.
6/7/06 The Energy Department said Crude-oil stocks grew last week by 1.1 million barrels to 346.6 million barrels, or 4 percent above year ago levels.
5/24/06 The U.S. Department of Energy said that supplies of crude oil were down 3.0 million barrels last week to 343.9 million barrels.
5/17/06 OPEC said that they expect world demand for crude oil to total 84.6 million barrels per day this year, less than the DoE's 85.3 million barrel.
5/17/06 The U.S. Department of Energy said that supplies of crude oil were down 100,000 barrels to 346.9 million barrels.
4/26/06 The U.S. Department of Energy said that supplies of crude oil were down 200,000 barrels to 345.0 million barrels.
4/19/06 The U.S. Department of Energy said that supplies of crude oil were down 800,000 barrels to 345.2 million barrels.
4/12/06 The U.S. Department of Energy said that supplies of crude oil were up 3.2 million barrels last week to 346.0 million barrels.
4/10/06 The first ETF (USO) allowing U.S. investors to engage directly (long and short) in the price of crude oil began trading on the American Stock Exchange.
4/5/06 The U.S. Department of Energy said that supplies of crude oil were up 2.1 million barrels to 342.8 million barrels.
3/15/06 The U.S. Department of Energy said that supplies of crude oil  were up 4.8 million barrels to 339.9 million barrels.
3/1/06 The U.S. DoE said that supplies of crude oil were up 1.6 million barrels to 328.3 million barrels.
2/15/06 The U.S. Department of Energy said that spplies of crude oil were up 4.9 million barrels last week to 325.6 million barrels.
1/25/06 The DoE said that supplies of crude oil were down 2.3 million barrels to 319.1 million barrels.
1/19/06 The U.S. Department of Energy said that Supplies of crude oil were up 2.7 million barrels to 321.4 million barrels.
1/17/06 The International Energy Agency said that they are expecting world oil demand to increase 2.2% in 2006, up from a 1.3% increase in 2005.
1/11/06 The U.S. Department of Energy said that supplies of crude oil were down 2.9 million barrels to 318.7 million barrels.
12/29/05 The DOE said that supplies of crude oil were up 100,000 barrels to 322.6 million barrels
12/21/05 The DoE said that Supplies of crude oil were up 1.3 million barrels to 322.5 million barrels
12/14/05 The DOE said that supplies of crude oil were up 900,000 barrels to 321.2 million barrels.
12/13/05 The International Energy Agency predicted that world oil demand will increase by 1.9 million barrels per day through 2010.
12/7/05 The U.S. Department of Energy said that supplies of crude oil were up 2.7 million barrels to 320.3 million barrels.
11/30/05 The U.S. Department of Energy said that Crude oil supplies were down 4.2 million barrels last week to 317.6 million barrels.
11/16/05 The DoE said that supplies of crude oil were down 2.2 million barrels last week to 321.4 million barrels.
11/10/05 The U.S. Department of Energy said that supplies of crude oil were up 4.5 million barrels to 323.6 million barrels -- 700,000 barrels came from the Strategic Petroleum Reserve.
11/02/05 The U.S. Department of Energy said that Crude oil supplies were up 2.7 million barrels to 319.1 million barrels
10/26/05 The U.S. Department of Energy said that crude oil supplies were up 4.4 million barrels to 316.4 million barrels.
10/19/05 The U.S. Department of Energy said that Crude oil supplies were up 5.6 million barrels last week to 312.0 million barrels.
10/12/05 It all depends how cold it gets, but the  DOE forecasts that homes heated mainly by natural gas will have to  spend about 48% more to keep warm this winter. Homes heating with heating oil will spend 32% more.
10/12/05 The DOE reduced its forecast of 2005 oil demand from 84.2 to 83.7 million barrels a day and upped its estimate of OPEC's oil production in September from 30.1 to 30.4 million barrels a day . The DOE also said that they expect significant recovery of the gulf coast infrastructure by the end of this year
10/06/05 The U.S. Minerals Management Service said that 20% of oil production and 34% of natural gas production in the Gulf of Mexico is operating again
10/5/05 Crude oil supplies were down 300,000 barrels to 305.4 million barrels.
09/28/05 The U.S. Department of Energy (DOE) said that Crude oil supplies were down 2.4 million barrels last week to 305.7 million barrels.
9/22/05 Archer Daniels Midland said that they plan to increase their ethanol production by 500 million gallons by the year 2008.
09/22/05 Reuters is reporting that 21% of U.S. refinery capacity is closed - ten refineries in Texas and one in Louisiana.
09/22/05 Saudi Arabia's foreign minister on Thursday rejected suggestions of an oil shortage and said prices should drop to $40 to $45 a barrel from well over $60.
9/21/05 The DOE said that Crude oil supplies were down 300,000 barrels at 308.1 million barrels.
09/20/05 OPEC on Tuesday offered up every last barrel of its spare production. OPEC agreed to keep their production at 28.0 million barrels a day, but will make another 2.0 million barrels of crude oil a day available for three months beginning on October 1st.
09/14/05 The U.S. DoE said that Crude Oil supplies were down 6.6 million barrels last week to 308.4 million barrels. The DOE also said that the nation's refineries were operating at 87.3% of capacity, up from 86.8% the week before.
09/12/05 The U.S. Minerals Management Services update showed that 57% of oil production and 38% of natural gas production in the Gulf of Mexico remain closed.
09/09/05 The U.S. Minerals Management Service announced that 60% of oil production and 38% of natural gas production in the gulf remains closed.
09/08/05 The U.S. Department of Energy said that supplies of crude oil were down 6.4 million barrels to 315.0 million barrels.
08/30/05 Surging crude oil prices led to record demand for ethanol in June, according to data released by the U.S. Energy Information administration. The  U.S. production of ethanol reached a record 343 million gallons, or 249,000 barrels per day in June, higher than the previous record of 245,000 set in February of this year.  
08/24/05 The U.S. Department of Energy said that Crude oil supplies were up 1.8 million barrels to 322.9 million barrels.
08/17/05 The  DoE said that Crude supplies were up 300,000 barrels last week to 321.1 million barrels.
08/10/05 The DOE reported that Crude oil supplies were up 2.8 million barrels last week.
08/03/05 The DoE reported that U.S. stocks of crude oil rose by an unexpected 200,000 barrels last week to 318 million barrels as imports soared to nearly 11 million barrels a day.  
07/27 The U.S. DoE said that Crude oil supplies were down 2.3 million barrels last week to 317.8 million barrels.
06/29/05 Crude oil and distillate inventories both rose more than expected in the Department of Energy’s weekly inventory report issued Wednesday. Crude oil supplies were up 1.1 million barrels last week to 328.5 million barrels.
06/22/05 The DoE said that crude oil supplies were down 1.6 million barrels last week to 327.4 million barrels.
06/08/05 The U.S. Department of Energy said that crude oil supplies were down 3.0 million barrels to 330.8 million barrels.
05/25/05 The U.S. Department of Energy said that crude supplies were down 1.6 million barrels last week to 332.4 million barrels.
05/18/05 Oil prices fell to a three-month low near $47 a barrel on Wednesday after The DOE repotted inventories of oil in the United States rose 4.3 million barrels last week to 334 million barrels, the 13th increase in the last 14 weeks - and the highest level in six years.
05/11/05 The U.S. Department of Energy said that crude oil supplies were up 2.7 million barrels last week to 329.7 million barrels.
05/09/05 Amid rising gas prices, makers warm to diesel cars Diesels use 20 percent to 40 percent less fuel than comparable gasoline engines. And diesel fuel coming to market starting this year will have lower sulfur content, reducing emissions dramatically.
05/04/05 The U.S. DoE said that last weeks crude oil supplies were up 2.6 million barrels to 327.0 million barrels.
04/27/05 The U.S. DoE said that the U.S. imported 10.9 million barrels of crude oil last week, the third largest amount ever. Crude oil supplies increased 5.5 million barrels to 324.4 million barrels.
04/20/05 The Department of Energy said in its weekly petroleum supply report that the U.S. supply of crude oil fell last week by 1.8 million barrels to 318.9 million barrels, or 8 percent above year ago levels.
04/18/05 OPEC's President said that they will increase production by 500,000 barrels per day, starting on May 1st.
04/13/05 Crude oil prices continued to fall Wednesday, dropping below $51 a barrel following a Department of Energy report showing strong inventories for both oil and gasoline.
The DOE said that Crude oil supplies increased 3.6 million barrels last week to 320.7
04/12/05 The International Energy Agency reduced its estimate of 2005 world oil demand by 50,000 barrels to 84.3 million barrels per day.
04/11/05 OPEC's President said that they will soon increase oil production by 500,000 barrels per day to prepare for increased world demand in the third quarter.
04/06/05 Oil Reserves Are Increasing ?? The field appears to be filling from below and the crude coming up today is from a geological age different from the original crude, which leads to the speculation that the world has limitless supplies of petroleum.
03/16/05 OPEC agreed to increase the official quota  from 27.0 to 27.5 million barrels per day. Another 500,000 barrels of production may be authorized later - if OPEC's president sees the need for it.
03/16/05 The U.S. Department of Energy said that Crude supplies were up 2.6 million barrels last week to 305.2 million barrels.
03/11/05 The International Energy Agency increased their estimate of world oil demand to 84.3 million barrels per day in 2005. Less than the U.S. Department of Energy's 84.7 million barrel per day estimate.
03/09/05 The DoE said that Crude supplies increased 3.2 million barrels last week to 302.6 million barrels.
03/06/05 OPEC Chief Concerned About Oil Prices
Seeking to cool market sentiment, the head of OPEC on Sunday said the organization is "concerned" about stubbornly high prices that defy what he described as a well-supplied market and adequate crude stocks worldwide. The statement by Sheik Ahmad Fahad Al Ahmad Al Sabah, OPEC's president and secretary general, was issued as a clear attempt to dampen speculative buying that last weak briefly drove prices above $55 a barrel. Prices settled by week's end to above $53.
03/03/05 OPEC secretary-general said it's possible for oil to reach $80. June crude oil ended at another new contract high, with concerns that OPEC is effectively restraining supplies.
03/02/05 The U.S. Department of Energy said that crude supplies were up 2.4 million barrels last week to 299.4 million barrels.
Crude stocks at the same time in 2004 were 275.7 million barrels.
Acting Secretary-General Adnan Shihab-Eldin has said OPEC saw a growing consensus that a $40-50 range was sustainable, backing up comments by Saudi Oil Minister Ali al-Naimi last week that prices could stay in that range this year.
U.S. refineries were not as active last week - the utilization rate dropping down to 89.3%.
02/24/05 The Energy Department reported a 600,000-barrel increase in crude inventories.
02/16/05 The Department of Energy said that U.S. crude oil supplies were up 2.1 million barrels last week to 296.4 million barrels.
02/09/05 The U.S. Department of Energy said that crude oil supplies were down 1 million barrels last week to 294.3 million barrels.
02/02/05 The U.S. Department of Energy said that crude supplies were down 300,000 barrels last week to 295.3 million barrels.
01/26/05 The U.S. Department of Energy said that crude oil supplies were up 3.4 million barrels last week to 205.6 million barrels.
01/19/05 The DoE said that U.S. crude supplies were up 3.4 million barrels  to 292.2 million barrels.
01/12/05 The DoE said that crude supplies were down 3.0 million barrels last week to 288.8 million barrels.
01/05/05 The U.S. Department of Energy said that crude supplies were down 3.3 million barrels last week to 291.8 million barrels.
12/29/04 The DoE said that supplies of crude oil were down 800,000 barrels last week to 295.1 million barrels.
12/27/04 So 2004 was the year in which the world production of light oil peaked.
12/22/04 The DoE said that crude oil supplies were up 2.1 million barrels to 295.9 million barrels.
12/21/04 China said that it consumed 2.7 million barrels of oil per day in November, up 46% from last year.
12/15/04 The Department of Energy said that crude supplies were down 100,000 barrels last week to 293.8 million barrels.
12/10/04 OPEC members have agreed to reduce their current oil production by one million barrels starting on January 1st.
12/08/04 The Department of Energy said that crude oil supplies were up 600,000 barrels last week to 293.9 million barrels.
12/07/04 The Department of Energy expects the price of West Texas crude to average $48.91 in the fourth quarter and $46.57 in the first quarter of 2005. In 2005, they expect world demand to average 84.4 million barrels per day, covered by 84.6 million barrels per day of supply.
12/01/04 The Department of Energy said that crude supplies were up 900,000 barrels last week to 293.3 million barrels.
11/30/04 Saudi oil minister Ali Naimi said that his country is trying to boost its production capacity from 11 to 12.5 million barrels of oil per day.
11/24/04 The D0E said that crude supplies were up 100,000 barrels last week to 292.4 million barrels.
11/18/04 The National Oceanic and Atmospheric Administration predicted that the eastern U.S. will have colder than normal temperatures this winter while the western U.S. will be warmer than normal.
11/17/04 The Department of Energy said that U.S. crude supplies were up 800,000 barrels last week to 292.3 million barrels. The Strategic Petroleum Reserve added  900,000 barrels of crude.
11/10/04 The International Energy Agency said that daily world oil production increased by a million barrels in October to 84.6 million barrels per day, a new record high. They estimate world demand at 82.4 million barrels per day in 2004 and 83.8 million barrels per day in 2005.
11/10/04 The DOE  said that U.S. crude supplies were up 1.8 million barrels last week to 291.5 million barrels.
11/01/04 The DOE said that U.S. ethanol production totalled 225,000 barrels per day in August, a new record high.
10/27/04 The US government's DOE said crude stocks rose 4 million barrels to 283.4 million barrels, narrowing a deficit against last year to 9 million barrels.
10/27/04 In Jakarta, OPEC, president and Indonesian Oil Minister Purnomo Yusgiantoro said he has asked the United States to open up its Strategic Petroleum Reserve to help lower global crude prices. The reserve holds about 670 million barrels of oil stockpiled in underground salt caves in the southern U.S.
10/20/04 The DOE said that crude supplies were up 1.2 million barrels last week to 279.4 million barrels.
10/15/04 Oilworkers in Nigeria ended their four-day strike, but warned that they will strike again in two weeks if the price of gasoline has not come down.
10/14/04 The Department of Energy said that crude supplies were up 4.2 million barrels last week to 278.2 million barrels.
10/06/04 The DOE said that crude supplies were up 1.1 million barrels last week to 274.0 million barrels.
The DOE expects world oil demand of 82.3 million barrels per day this year and 84.4 million barrels per day in 2005.
09/29/04 The DOE said that crude supplies were up 3.4 million barrels last week to 272.9 million barrels. The Strategic Petroleum Reserve increased by 500,000 barrels. A Nigerian rebel leader agreed to a cease fire with the government.
09/22/04 The DOE said that crude supplies were down 9.1 million barrels last week to 269.5 million barrels.
09/21/04 China imported 70 million barrels of crude oil in August, up 37% from a year ago.
09/09/04 The DOE said that the U.S. imported 10.5 million barrels of oil per day last week, supplies dropped 1.4 million barrels to 285.7 million barrels.


09/01/04 The DOE said that crude supplies were down 4.2 million barrels last week to 287.1 million barrels.  
09/01/04 The White House has said that they want 700 million barrels of oil in reserve - so they added 1.3 million barrels bringing the total to 668 million barrels. 32 million barrels to go I suppose.
8/26/04 The DOE said that crude supplies were down 1.7 million barrels last week to 291.3 million barrels.
08/20/04 China's crude oil imports averaged 2.3 million barrels per day in July, up 41% from a year ago.
08/18/04 The Department of Energy said that crude supplies were down 1.3 million barrels last week to 293 million barrels.  The US Petroleum Reserve added 500,000 barrels. (Keep adding and adding and adding..........at record high prices)
08/11/04 The DOE has crude supplies down 4.3 million barrels last week to 294.3 million barrels, and the US Petroleum Reserve added 1.2 million barrels of crude to its inventory. (keep adding and adding and adding..........at record high prices)
08/11/04 In June, the U.K. imported more oil than it exported for the first time in 11 years. By 2007, the U.K. is expected to be a net importer of oil every month.
08/04/04 The DOE has crude oil supplies  down 1.9 million barrels this week, and the U.S. government added another 500,000 barrels to the Strategic Petroleum Reserve (keep adding and adding..........)
7/28/04 The DOE said that crude supplies were up 1.2 million barrels last week to 300.5 million barrels.
07/21/04 The DOE said that crude supplies were down 3.6 million barrels  to 299.3 million barrels last week.
07/14/04 The DOE said that crude supplies were down 2.1 million barrels last week to 302.9 million barrels.
07/08/04 The Department of Energy said that Crude Oil supplies were up 100,000 barrels last week to 305.0 million barrels.
07/08/04 BP in its annual statistical review estimates total onshore and offshore oil reserves at 1,148 billion barrels at the end of 2003, up from 723 billion barrels 20 years ago.
Natural gas reserves were 1,105 billion barrels, up from 583 billion barrels at the end of 1983.
06/30/04 The Department of Energy said that Crude oil supplies were down 500,000 barrels last week to 304.9 million barrels.
06/23/04 The Department of Energy said that crude oil supplies were up 2.5 million barrels last week to 305.4 million barrels.
06/16/04 The Department of Energy said that crude oil supplies were up 800,000 barrels last week to 302.9 million barrels.
06/10/04 The International Energy Agency said that world oil demand is increasing 2.3 million barrels per day in 2004, the biggest increase in 24 years.
05/28/04 U.S. Energy Secretary Abraham said that Saudi Arabia, Kuwait, the United Arab Emirates, Nigeria, and Mexico have all agreed to increase the amount of oil in the market.
05/27/04 OPEC President Yusgiantoro said that his members were considering increasing the production quota by two million barrels or more when they meet on June 3rd.
O5/26/04 The Department of Energy said that the U.S. imported a daily average of 10.5 million barrels last week. Crude oil inventories were unchanged at 298.9 million barrels.