Today’s Energy Minute brought to you by Commissioner Ryan Sitton of the Texas Railroad Commission:
https://youtu.be/mwTnA4emkq8
U.S. crude oil inventories grew again last week as the API reported yesterday that 5.7 million barrels were added to stockpiles. If confirmed by the EIA today, then this would mean the sixth straight week...
Today’s Energy Minute brought to you by Commissioner Ryan Sitton of the Texas Railroad Commission:
https://youtu.be/SIP6diJIWFg
Yesterday the U.S. stock market seemed poised to make October the worst drop in more than eight years before later recovering.
The market is being hit by consistent data that indicates the global economy is slowing...
Today’s Energy Minute brought to you by Commissioner Ryan Sitton of the Texas Railroad Commission:
https://youtu.be/7J33QcsEdJk
The U.S. added one drilling rig last week with 1,068 oil rigs in operation. Texas oil rig count dropped three with 537 running last week.
The Texas Railroad Commission issued 371 drilling permits last week which...
Today’s Energy Minute brought to you by Commissioner Ryan Sitton of the Texas Railroad Commission:
https://youtu.be/9m2SXJ5juy4
On Wednesday, the EIA reported that U.S. crude oil stockpiles grew by more than 6 million barrels last week. While this number was smaller than the API’s report of 10 million barrels of growth the...
Today’s Energy Minute brought to you by Commissioner Ryan Sitton of the Texas Railroad Commission:
https://youtu.be/DV6dtJrlbkc
The API reported that oil inventories in the United States saw their biggest increase in nearly two years last week - just under 10 million barrels. Analysts are now awaiting the EIA's report today, concerned...
Today’s Energy Minute brought to you by Commissioner Ryan Sitton of the Texas Railroad Commission:
https://youtu.be/9Om0deVR_Mo
The United States added four rigs to total 1,067 in operation by the end of last week. 540 of those rigs are in Texas, which added 8 from the prior week. The state of Texas issued 235 drilling...
Today’s Energy Minute brought to you by Commissioner Ryan Sitton of the Texas Railroad Commission:
https://youtu.be/H4yHh2zJfrQ
Between slowing economies, reduced demand, growing stockpiles and a stock market sell-off, oil prices continue to get pushed down.
Over the past few weeks, U.S. crude inventories have grown by 22.5 million barrels - the biggest...
Today’s Energy Minute brought to you by Commissioner Ryan Sitton of the Texas Railroad Commission:
https://youtu.be/sK8pcjLZvUE
In contrast to Tuesday's report by the API - which showed a drop in U.S. crude inventories last week - yesterday the EIA reported that last week, stockpiles grew by 6.5 million barrels. This was...
Today’s Energy Minute brought to you by Commissioner Ryan Sitton of the Texas Railroad Commission:
https://youtu.be/YnZDsrhc1ow
While analysts expected that U.S. crude oil inventories grew by 2.2 million barrels last week, the API reported yesterday that inventories dropped by 2.1 million barrels.
In addition, data coming out of the Middle East is...
Today’s Energy Minute brought to you by Commissioner Ryan Sitton of the Texas Railroad Commission:
https://youtu.be/8AieShnZCrU
As concerns over tensions between the U.S. and Saudi Arabia heightened over the weekend, Brent and WTI prices surged yesterday. While these light, sweet benchmarks drive the market attention most days, other heavier crudes are...
