Best in Energy – 27 April 2023

Best in Energy will resume on Tuesday May 2.

Oil prices fall on economic fear after OPEC⁺ cut (Bloomberg)

United States defends semiconductor subsidies (Bloomberg)

Pioneer Resources chief to retire (again) at end of 2023 (FT)

U.S. diesel prices drop amid freight recession (WSJ)

Australia thermal coal re-routed to China (Reuters)

U.S. coal shipments to generators rose in 2022 (EIA)

U.S. GASOLINE inventories fell by -2 million barrels to 221 million barrels over the seven days ending on April 21. Inventories are at the lowest for the time of year since 2014 and -12 million barrels (-5% or -0.86 standard deviations) below the prior ten-year seasonal average:

U.S. PETROLEUM inventories including the strategic reserve fell by -1 million barrels over the seven days ending on April 21. Stocks have depleted in 103 out of 147 weeks since the start of July 2020 by a total of -506 million barrels:

Published by

John Kemp

Energy analyst, public policy specialist, amateur historian