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Schachter s Eye on Energy: Current Correction Has Taken Canadian Energy Stocks Down 19% From Mid-June High More Downside Expected This Fall - Energy News for the Canadian Oil & Gas Industry

Schachter s Eye on Energy: Current Correction Has Taken Canadian Energy Stocks Down 19% From Mid-June High More Downside Expected This Fall - Energy News for the Canadian Oil & Gas Industry
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Schachter s Eye on Energy: Current Correction Has Taken Canadian Energy Stocks Down 19% From Mid-June High More Downside Expected This Fall - Energy News for the Canadian Oil & Gas Industry

July 29, 2021 EnergyNow Media These translations are done via Google Translate Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline & infrastructure companies with regular updates. We hold quarterly subscriber webinars and provide Action BUY and SELL Alerts for paid subscribers. .  EIA Weekly Data: The EIA data on Wednesday July 28th was supportive of crude oil prices as  Commercial Crude Inventories fell 4.1Mb (forecast was for a decline of 2.9Mb). The main reason for the decline was that Net Imports fell by 616Kb/d, or by 4.3Mb on the week. Had there been a flat Net Import number then Commercial Crude Inventories would have been unchanged. Refinery Utilization fell 0.3% to 91.1% last week (last year was 79.5% and in 2019 was 93.0%). Gaso

Schachter s Eye on Energy: Iran Nuclear Talks Making Progress In Vienna If Successful Iran Could Raise Production By 1-2Mb/d By Year End

May 27, 2021 EnergyNow Media Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy, energy service and pipeline & infrastructure companies with regular updates. We hold quarterly subscriber webinars and provide Action BUY and SELL Alerts for paid subscribers. . EIA Weekly Data: The EIA data on Wednesday May 26th was mixed. Commercial Crude Inventories fell 1.7Mb to 484.3Mb as Net Imports fell by 265Kb/d or by 1.9Mb on the week. If there had been no change in Net Imports, Commercial Stocks would have seen a modest increase. Motor Gasoline Inventories fell 1.7Mb as gasoline demand rose into the beginning of the holiday driving season. Refinery Utilization rose 0.7% to 87.0% last week (last year 71.3%). US Crude Production remained at 11.0Mb/d. Over the coming months we see this l

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