Barrel Hub

Today's crude oil market movements highlight ongoing volatility, driven by mixed inventory reports and concerns about global demand. The Energy Information Administration (EIA) reported a crude oil inventory draw of 1.4 million barrels for the week ending December 6, following a significant draw of 5.1 million barrels the prior week. However, the smaller decline this week contrasts with the American Petroleum Institute's (API) earlier estimate of a slight build of 499,000 barrels. Despite the decline in crude inventories, sizable builds in fuel stocks, particularly gasoline, added to market pressures. Gasoline inventories increased by 5.1 million barrels during the week, with production averaging 10 million barrels per day, signaling robust refining activity. These figures contribute to the market's cautious sentiment, underpinned by persistent concerns over weak global demand growth. While inventory draws often support prices, larger-than-expected builds in refined products can offset such effects, as they reflect potentially slower consumption downstream. #eia #oilandgas #consulting #crude #production #inventories

Crude oil prices rose today following the U.S. Energy Information Administration's (EIA) report of a 1.8 million barrel inventory draw for the week ending November 22. This decrease aligns partially with the American Petroleum Institute's (API) earlier estimate of a 5.9 million barrel draw. The EIA also reported increases in gasoline and distillate fuel inventories, with gasoline stocks rising by 3.3 million barrels and distillate stocks by 400,000 barrels. These builds may temper the upward pressure on crude prices resulting from the inventory draw. Market participants are closely monitoring these developments, as inventory levels and fuel stock changes significantly influence crude oil pricing dynamics. #eia #inventory #crude #oilandgas #petroleum #gas #drilling

"How does Barrel Hub organize historical pricing trends for better decision-making?" Barrel Hub shows years worth of data for all leases in Texas which allows you to easily understand a specific asset's (or cohort of assets) performance over time.

"Can Barrel Hub help us organize our portfolio of assets based on their pricing performance?" Yes - Barrel Hub gives you a view of your assets based on their $/bbl performance against your peers. This allows you to determine what is underperforming or overperforming vs. the broader market.

"Does Barrel Hub's platform organize pricing data in a way that's easy for producers to analyze?" Yes - Barrel Hub provides pricing data through raw .csv files, API connections, and in-app dashboards for easy consumption and analysis.

"Does Barrel Hub's platform offer a variety of data points beyond just pricing?" Yes - Barrel Hub provides comprehensive API access to all RRC data. This allows Barrel Hub partners to avoid the hassle of the RRC altogether and receive clean, consistent data through any programming language and on any schedule of their choosing.

"Can we trust the quality of Barrel Hub data for making multi-million dollar decisions?" Yes - our partners use our data to make these caliber decisions every month.

"What insights does Barrel Hub offer that can't be found elsewhere in the market?" 1. Purchaser $/bbl rates for all transactions in Texas 2. Live market data (CMA roll, futures curves, etc..) for benchmarking your lease $/bbl rates 3. Custom pricing formulas for sensivity analyses 4. Historical purchaser analyses and rankings

"How reliable and up-to-date is the pricing data provided by Barrel Hub?" Very - data is updated every 2 weeks and is thoroughly cleaned and transformed for maximum ease of use for our partners.

"Will access to Barrel Hub data reduce our costs associated with market research and analysis?" Yes - Barrel Hub takes the time and hassle away of data scraping, cleaning, and analysis from your team so they can focus on finding the patterns that matter to your business.