AsiaCoin

The “first” continent coin and I’m smitten

Full Disclaimer: I own 500,000 shares at an…

Crack Spreads

(Not the kind built ‘Ford’ tough)

Summary of Weekly Petroleum Data for the Week Ending October 3, 2014

U.S. crude oil refinery inputs averaged about 15.6 million barrels per day during the week ending October 3, 2014, 135,000 barrels per day less than the previous week’s average. Refineries operated at 89.3% of their operable capacity last week. Gasoline…

Crack continued

looking deeper into the RBOB/WTI spreads

01.30.14 Energy News

Oil & Gas News

• Asian buyers of Iranian oil have reduced their purchases of the nations crude by 15% in 2013, with shipments only expected to recover marginally despite the easing of sanctions by the West on Iran. (RTRS)
• Japan’s December…

EIA Analysis for week ending 12.27

crude oil stocks decrease again!

U.S. crude oil inventories fell 7 mmb the week ended December 27, as refinery runs edged higher and companies acted to limit taxes on stocks.

11.21 RBOB crack breakout

Quick update from yesterday — I mentioned that I would anticipate a continuation of the rally today, looking for a…

01.29.14 Energy News

Oil & Gas News

• Libya’s deputy oil minister has said crude exports are down by 60% due to the shutdown of major ports in the country. (MENA)
• Iraq’s Basra refinery capacity has risen 70,000bpd to 210,000bpd after adding a third unit, according…

Follow-up to 01.15 Crude base 

WTI Mar 14 continues to rally

As mentioned on Wed prior to the EIA report, I noticed crude had appeared to form a base with an eventual rally toward 95.85-96.25. Crude has traded to 94.98 thus far.

11.22 Crack breaks above highs but retreats

+10% on the week