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MOST POPULAR ARTICLES
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Short-Term Gold Bull Case Gains Strength Amid ETF Stabilization, Reaction To Jobs Data Will Be Telling
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World Gold Council's Artigas: Expanding Gold Holdings Could Add Huge Demand, Mine Production Stagnant
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NatGas Prices Plunge 4%, At Risk Of Breakdown After Huge Inventory Build
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Gold Price Pressure Grows As Silver Breaks Down, Central Banks May Buy Less As Bond Yields Rise To 14-Month Highs
***Top stories from the last 15 days
Gasoline
Surprise! Big Drawdowns In Crude, Gasoline Stocks
- Details
- Published on Thursday, 03 June 2010 04:55
- Written by Brad Zigler
Oil gained modest ground in the overnight market in anticipation of this morning's holiday-delayed inventory report from the U.S. Energy Department. Prices for West Texas Intermediate crude futures rose 0.4 percent on Wednesday's NYMEX floor session.
Archives
Summer Preview: Gasoline Slumping
- Details
- Published on Wednesday, 02 June 2010 05:21
- Written by Brad Zigler
It's driving season, a time when motorists usually see gasoline prices rising. The wholesale market, however, is now turned upside down. Yesterday, gasoline cracks fell below those of middle distillates such as diesel and heating oil. Cracks represent the yields obtained from the sale of refined products versus the cost of crude oil inputs.
A Short Crack Season?
- Details
- Published on Thursday, 27 May 2010 05:38
- Written by Brad Zigler
Amid all the hoopla and volatility of the past few days, you might not have noticed the compression in refining margins. Normally, refiners' profits fatten through mid-May as gasoline for the summer driving season is contracted.
More Crude, Less Gasoline And Distillates
- Details
- Published on Wednesday, 26 May 2010 04:18
- Written by Brad Zigler
According to this morning's Energy Department inventory report, overall U.S. crude oil inventories were built up well above industry and Street expectations. Refined product stocks, however, declined across the board.
Refining Margins On A Streak
- Details
- Published on Tuesday, 27 April 2010 05:25
- Written by Brad Zigler
I've got a "good news-bad news" story for you. First the good news. Oil refining is recovering. If you own shares of Tesoro Corp. (NYSE: TSO), Valero Energy Corp. (NYSE: VLO) or Sunoco, Inc. (NYSE: SUN), you've probably noted a certain buoyancy in your stock's price over the past three trading sessions.
Oil: API Is This Week's Party Of 'No'
- Details
- Published on Wednesday, 21 April 2010 05:03
- Written by Brad Zigler
Republicans aren't the nation's only naysayers. This week, the industry-supported American Petroleum Institute said "no" to inventory builds in the oil complex. Moreover, the API estimated across-the-board declines in supplies. Analysts, for their part, were shopping for increases.
Oil Drawdown Surprises Industry, Street
- Details
- Published on Wednesday, 14 April 2010 04:27
- Written by Brad Zigler
The streak is over. After 10 straight weeks of inventory-building, oil supplies fell by 2.2 million barrels, according to this morning's report from the U.S. Energy Department.
API Bats 2-For-3 On Fuel Inventories
- Details
- Published on Wednesday, 07 April 2010 04:32
- Written by Brad Zigler
The industry-supported American Petroleum Institute is hitting 2-for-3 in its weekly inventory forecasts. API's gasoline and distillate fuel estimates were on-target this morning, though its call for a small decrease in crude oil stocks was a miss.
So Easy To Dislike Oil Refiners
- Details
- Published on Tuesday, 06 April 2010 03:03
- Written by Brad Zigler
Disaffection with Wall Street seems to be a norm nowadays. Everyone, it seems, wants to heap scorn upon bankers for busting out the investment casino like a Tony Soprano crew.
Oil Inventories Still Building
- Details
- Published on Wednesday, 31 March 2010 04:49
- Written by Brad Zigler
Guesstimates of America's fuel supplies by industry insiders differed only by degree this week. The American Petroleum Institute's survey data, released yesterday, indicated that domestic crude stockpiles probably rose by 421,000 barrels. Sell-side analysts were looking for a larger increase, between 2.4 million and 2.5 million barrels.
BIG Short Position Building In Gasoline
- Details
- Published on Tuesday, 23 March 2010 05:50
- Written by Brad Zigler
A record short position has been amassed by commercial accounts in the gasoline market. In sum, a record high 132,416 NYMEX futures and option equivalents are held short by producers, users, merchants and processors.
Evan Smith: Oil And Gas On The Rise In 2010
- Details
- Published on Friday, 05 March 2010 04:28
- Written by Lara Crigger
- Are oil prices tied to the Chinese New Year?
- Why do rising U.S. imports mean a drop in crude prices?
- Why shale gas is a game-changer
Energy ETFs: The Tracking Problem
- Details
- Published on Tuesday, 23 February 2010 04:14
- Written by Charles Armstrong
Investors often use energy ETFs as proxies for the energy markets, but how well do these funds really track their underlying commodities?
- The problem with futures-based funds
- Why you can't use USO and UNG as direct proxies
- Does the 12-month solution work?
API 1-For-3 In Petroleum Forecasts
- Details
- Published on Thursday, 18 February 2010 05:20
- Written by Brad Zigler
A .333 batting average may be top-drawer performance in baseball, but it's not so hot when prognosticating petroleum inventories. Ahead of the holiday-delayed government inventory report, the American Petroleum Institute released its estimates for crude oil, gasoline and distillate fuel supplies. When the government numbers were released this morning, only one of three API forecasts were on target.
Storm Delays Government Energy Report
- Details
- Published on Wednesday, 10 February 2010 03:41
- Written by Brad Zigler
The national oil inventory report normally released by the U.S. Energy Information Administration on Wednesday morning will be delayed until Friday, Feb. 12 due to inclement weather. The EIA remains closed, along with the rest of nonessential federal government services in Washington, in the wake of last weekend's heavy snow, dubbed "Snowmageddon" by the administration.
Oil Supply Threads The Forecast Needle
- Details
- Published on Wednesday, 03 February 2010 05:40
- Written by Brad Zigler
Forecasting changes in weekly oil inventories can be a dicey business. Sometimes the estimates made by the industry-supported American Petroleum Institute and sell-side analysts are widely disparate; sometimes they coincide. And sometimes, like this week, they can be on either side of the numbers posted by the U.S. Energy Department.
Oil: Refineries Slow As Gasoline Inventories Build
- Details
- Published on Thursday, 21 January 2010 04:46
- Written by Brad Zigler
A small drawdown in crude oil inventories was accompanied by a much-larger-than-expected build in gasoline stocks, according to the latest government figures.
Gasoline A Buy?
- Details
- Published on Tuesday, 19 January 2010 05:32
- Written by Brad Zigler
Real-time Monetary Inflation (last 12 months): 3.2%
Have you ever seen Costco customers wrestle with their overflowing carts and wondered, where are they going to store all that stuff? You don't have to ponder such things when you queue up to purchase Costco's petrol. Pretty much everybody's buying gasoline a tankful at a time, no matter how cheap it is.
Crude Oil And Gasoline Plentiful; Heating Oil Not So Much
- Details
- Published on Wednesday, 06 January 2010 04:50
- Written by Brad Zigler
Real-time Monetary Inflation (last 12 months): 1.8%
Oil traded near a 14-month high on the NYMEX ahead of a government report forecast to show heating oil supplies falling in the wake of the East Coast's coldest winter in three decades.
A New Year, A New Crack Season
- Details
- Published on Tuesday, 05 January 2010 07:04
- Written by Brad Zigler
We often mention spreads in Desktop articles as trading alternatives to outright positions or as indicators of market trends. Because these spreads pit futures contracts against one another, however, many readers can't make use of them as investments.
