Stock data show oil market short, explain price zoom

Consumers of oil products are restless again. They should be.Prices of oil products are uncomfortably high. They should be, too.In the US, television reporters are once again interviewing motorists complaining about "gouging" as they pump gasoline into pickup trucks and sport utility vehicles powered for speed.But there's no gouging. Prices of gasoline, heating oil, and other products are high for a good reason.The market is short.It has fed so heavily on storage that inventories of crude oil and petroleum products are perilously low.In the US, according to the Energy Information Administration, commercial inventories of crude fell to 269.8 million bbl during the week of Feb. 3.That&#...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected