WTI Holding At $81+ -- March 27, 2024

Locator: 46849B.

EIA weekly petroleum report: link here.

• crude oil inventories are 2% below the five-year average;
• crude oil inventories increased by 3.2 million bbls from previous week
• crude oil imports: 7% more than the same four-week period last year
• refiners: 88.7% of capacity
• distillates: 6% below the five-year average
• jet fuel supplied was up 0..4% compared with same four-week period last year

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Back to the Bakken

WTI: $81.39.

Thursday, March 28, 2024: 139 for the month; 198 for the quarter, 198 for the year
40113, conf, CLR, Lundberg Federal 7-8H,
39643, conf, Oasis, Streamsong 5502 11-17 3B,

Wednesday, March 27, 2024: 137 for the month; 196 for the quarter, 196 for the year
39722, conf, WPX, Bull Moose 28-27HS,
39642, conf, Oasis, Streamsong 5502 11-17 2B,
39249, conf, Whiting, S-Bar Carmen 5393 34-1 2B,

RBN Energy: US LNG projects face steep challenges in replacing coal abroad.

Many have argued that U.S.-sourced LNG can be instrumental in combating climate change by helping countries around the world replace coal-fired generation with natural gas-fired power. While this argument carries a lot of force in the eyes of many politicians and LNG marketers, the questions of exactly how — and to what extent — LNG can replace coal need to be asked. In today’s RBN blog, we’ll look at the challenges that the expanded use of LNG faces in countries with high coal utilization and the possible means of overcoming them.