


You have accessed this news story:
QP - Crude stocks draw as production cuts meet rising demand - May 19, 2020

Continued crude storage stability is supporting near-term oil pricing along with a narrowing contango in front-month/second-month Nymex crude, which shrank by $1.10/ bbl last week. According to the EIA, commercial crude inventories fell by 745,000 bbl/d the week that ended May 8. Stocks at Cushing dropped by 3 MMbbl, the hub’s first draw since the last week in February. Meanwhile, EIA data indicated a 300,000 bbl/d contraction in Lower 48 field production to 11.2......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.
PLS Web Client?
Log in to proceed | Sign up for PLS Reports & Web Access! Already subscribed to Reports? Sign up for Web Access! |