1 day ago Rates to store oil at one of the world's biggest trading hubs are surging, Inventories at Cushing rose more than 640,000 barrels in the week through Friday, traders said, citing data from market intelligence firm Genscape. 23 hours ago Inventories at Cushing rose more than 640,000 barrels in the week up to Friday, traders said, citing data from market intelligence firm Genscape 16 Aug 2019 North American crude output is exceeding storage capacity and driving a storage By August, crude oil storage volumes at the key price-setting hub of Cushing, 2018 at 48.1mn bl, according to oil storage specialists at Genscape. on producers in an attempt to boost prices and draw down inventories. 8 Oct 2018 Inaccurate statistics on how much oil is being produced on any given day can affect of that order can lead to either a rise or fall in inventories and impact prices. Genscape, for instance, a more established company based in the in Cushing, Okla., which are a bellwether of the United States oil markets.
Genscape flys helicopters above Cushing twice a week to judge the level of crude oil in the tanks, and the angle of the ladders which rest on top of the tops of the tanks that float on the crude Cushing crude oil inventories . Market intelligence company Genscape reported that Cushing crude oil inventories fell by 663,916 barrels from November 4–8, 2016. With Cushing-to-Gulf Coast pipeline capacity utilization above 95 percent as of late 2018, according to our flow measurements, Cushing outbound pipelines haven’t had enough spare capacity to accommodate the extra crude. Cushing inventories climbed more than 19mn bbls between weeks ending Sept. 14, 2018, and Dec. 28, 2018, according to Bulging inventories are expected to continue to build at the biggest US oil-storage facility, putting more downward pressure on crude prices and adding to calls on the federal government to legalize exports, analysts said. The amount of oil stored at the Cushing Hub in Oklahoma rose to 48.18 million barrels in the week ending Feb. 13, nine percent higher than a week earlier, bringing reserves
As the delivery point for the NYMEX Light Sweet Crude (WTI) contract, Cushing is the focal point of the most actively traded crude oil contract in the world. We deliver exclusive insight into inventory, utilization, and capacity changes at the tank, operator, and location levels for floating- and fixed-roof tanks at Cushing. Get a Comprehensive Look Into Cushing Crude Inventories and Their Impact on WTI Volatility Take a deep dive into the historical analysis of Genscape's Cushing, OK, inventory data and its influence on WTI crude prices to optimize trading decisions by downloading the analyst insight report. Current inventories at the Cushing, OK, storage hub have fallen more than 27mn bbls since the beginning of November, dropping to the lowest level since January 2015, according to Genscape’s Cushing Crude Oil Storage report. Steady declines have been driven by incoming pipeline outages hampering supply, increased demand along the Gulf Coast, and a backwardation structure in the NYMEX Light Sweet Crude (WTI) futures contracts. As the delivery point for the NYMEX Light Sweet Crude (WTI) contract, Cushing is the focal point of the most actively traded crude oil contract in the…. Genscape Blog Looking Ahead as Cushing Inventories Slide to Three-Year Low Current inventories at the Cushing, OK, storage hub have fallen more than 27mn bbls since the beginning of November, dropping to the lowest level since January 2015, according to Genscape's Cushing Crude Oil Storage report.
Investing.com – Oil prices halted their rally on Tuesday as Genscape data showed a large build in crude inventories at the Cushing hub. According to market sources, the inventory data released Source: Genscape Blog Genscape Blog Looking Ahead as Cushing Inventories Slide to Three-Year Low Current inventories at the Cushing, OK, storage hub have fallen more than 27mn bbls since the beginning of November, dropping to the lowest level since January 2015, according to Genscape's Cushing Crude Oil Storage report.
12 Nov 2019 LONDON: Oil rose further above $62 a barrel on Tuesday, supported by hopes November 8, traders said, citing market intelligence firm Genscape. Cushing inventories had grown for five weeks in a row through November 1 21 Feb 2016 Cushing may be home to less than half of a percent of Oklahoma's total population, but 250,000 barrel oil tanks lined up at a tank farm at Magellan In April 2015, Cushing stocks reached 62.2 million barrels, which at the time energy market intelligence firm Genscape, that was the month that Cushing 14 Jan 2015 Crude train activity resumes at Stroud, OK, terminal as Cushing stocks build. BRIDGET HUNSUCKER, Genscape. CUSHING, Oklahoma 20 Nov 2017 DEPA claims the EIA's overstatement of U.S. shale oil production is Genscape is the "source" of "leaks" wrt stock levels though. 2017 American Petroleum Institute (API) weekly crude oil inventories Cushing -1.796MM. 23 Feb 2016 The U.S. Energy Information Administration and Genscape, a market Read Why Did Cushing Crude Oil Stocks Hit a New Record? for more