Crude Oil Supplies Shrink by 1.3M Barrels

Source: Forbes (12/30/10)

"U.S. crude oil and gasoline supplies declined last week."

U.S. crude oil and gasoline supplies declined last week, the government said Thursday.

Crude supplies shrank by 1.3 million barrels, or 0.4%, to 339.4 million barrels, which is 4.1% above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report. The report was delayed a day because of the Christmas holiday.

Analysts expected a drop of 3.2 million barrels for the week ended Dec. 24, according to a survey by Platts.

Gasoline supplies fell by 2.3 million barrels, or 1.1%, to 214.9 million barrels. That was 0.5% below year-ago levels. Analysts expected gasoline supplies to rise by 1.7 million barrels.

Demand for gasoline over the four weeks ended Dec. 24 was 2.9% higher than a year earlier, averaging 9.3 million barrels a day.

Last week U.S. refineries ran at 87.8% of total capacity on average, a rise of 0.1 percentage point from the prior week. Analysts expected capacity to remain unchanged.

Inventories of distillate fuel, which include diesel and heating oil, rose by 200,000 barrels to 161 million barrels. Analysts expected distillate stocks to grow by 500,000 barrels.

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Source: Streetwise Reports (01/29/2021)

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Source: Streetwise Reports (01/28/2021)

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Source: Streetwise Reports (01/27/2021)

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Source: Streetwise Reports (01/27/2021)

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Source: Streetwise Reports (01/26/2021)

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Source: Streetwise Reports (01/25/2021)

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Source: Streetwise Reports (01/22/2021)

AzurRx BioPharma shares traded 45% higher after the firm advised it had dosed the first two patients in its Phase 2b OPTION 2 Extension Study of MS1819 for treatment of exocrine pancreatic insufficiency in patients with cystic fibrosis.

NGL Energy Shares Rise 21% as It Seeks to Raise $2.05 Billion from Senior Secured Note Offering
Source: Streetwise Reports (01/21/2021)

Shares of NGL Energy Partners LP traded higher after the firm made a series of announcements over the past three days regarding an update on financial operations, a settlement with a customer in bankruptcy, a quarterly Class D unit distribution and a $2.05 billion senior secured debt offering.

Explorer Discovers New Gold Mineralization at Abitibi Gold Belt Property
Source: Streetwise Reports (01/21/2021)

iMetal Resources is setting out to see if the multi-million ounce gold resource next door continues onto its Gowganda West property in Ontario.

Gritstone Oncology Licenses LNP Platform from Genevant Sciences to Develop COVID-19 Vaccine
Source: Streetwise Reports (01/20/2021)

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