Have a look at this data and tell me if you think the concerns are overblown.
1. EIA report Sep 30, 2014 - Cushing stocks listed at 17,680,000 - (of note is that this equated to 25% of capacity)
Source: http://www.eia.gov/petroleum/storagecapacity/table1.pdf First
2. EIA data as at 30 March 2015. Cushing stocks were 58,900,000. Capacity = 4x17.6 or approx. 70 million. Just 11 million to go...yesterday added another 169,000 barrels.
Source: http://www.eia.gov/petroleum/supply/weekly/pdf/table4.pdf
Add to that Reuter's interpretation:
Surprise pause in Cushing oil stock rise likely blip, not trend
Source: http://www.reuters.com/article/2015/04/06/us-oil-inventories-cushing-idUSKBN0MX1JS20150406
- Forums
- ASX - By Stock
- WDS
- The Perfect Storm for Oil
The Perfect Storm for Oil, page-58
-
ShareLast edited by BerlinBusiness: 08/04/15
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WDS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$24.70 |
Change
-0.680(2.68%) |
Mkt cap ! $46.89B |
Open | High | Low | Value | Volume |
$25.04 | $25.41 | $24.50 | $200.3M | 8.036M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1134 | $24.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$24.71 | 26437 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1134 | 24.700 |
1 | 120 | 24.690 |
1 | 2000 | 24.650 |
2 | 1030 | 24.640 |
4 | 1792 | 24.630 |
Price($) | Vol. | No. |
---|---|---|
24.730 | 820 | 1 |
24.740 | 10400 | 2 |
24.750 | 5000 | 2 |
24.770 | 2019 | 2 |
24.780 | 4003 | 1 |
Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
Featured News
WDS (ASX) Chart |