July 29, 2021 EnergyNow Media
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Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline & infrastructure companies with regular updates. We hold quarterly subscriber webinars and provide Action BUY and SELL Alerts for paid subscribers.
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EIA Weekly Data: The EIA data on Wednesday July 28th was supportive of crude oil prices as Commercial Crude Inventories fell 4.1Mb (forecast was for a decline of 2.9Mb). The main reason for the decline was that Net Imports fell by 616Kb/d, or by 4.3Mb on the week. Had there been a flat Net Import number then Commercial Crude Inventories would have been unchanged. Refinery Utilization fell 0.3% to 91.1% last week (last year was 79.5% and in 2019 was 93.0%). Gaso
Schachter s Eye on Energy: US Domestic Crude Production Rises 300Kb/d So Far In July to 11 4Mb/d
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Schachter s Eye on Energy: No OPEC Deal May Mean Start Of Market Share War
energynow.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energynow.ca Daily Mail and Mail on Sunday newspapers.