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• Micron Poised to Report Great Results, but the Outlook Matters More
  Analysts are starting to worry about DRAM pricing, predicting a rougher 2019.
• GE says four HA turbines in U.S. shut down due to blade problem
  General Electric Co said on Thursday that four of its flagship power turbines in the United States have been shut down due to a problem with turbine blades that was discovered at an electrical power plant ...
• Friday Is Going to Be a Huge Day for Stock Traders
  Two major market events that have the potential to send U.S. equity volumes sky-high will collide Friday. The first is the quarterly event known as “quadruple witching” -- when futures and options on indexes and individual stocks expire. The anticipated spike in turbulence will hit a market already roiled by rising trade tensions between the U.S. and China. […]
• Under Armour to cut 400 more jobs in turnaround push, shares rise
  "Competition still remains an issue," said Neil Saunders, managing director of GlobalData Retail. Initial signs from channel checks and online sales are that Nike is also set to get a boost from a controversial ad campaign, launched earlier this month, featuring former NFL player Colin Kaepernick.

Drilling Info

• Gas Inventories Climb with Another Triple-Digit Injection
  Natural gas storage inventories increased 100 Bcf for the week ending May 17, according to the EIA’s weekly report. This injection is slightly below the market expectation, which was an inventory increase of 102 Bcf. Thus far in 2019, lower-48 dry natural gas production is ~7.03 Bcf/d higher and Canadian net imports are 0.68 Bcf/d […] The post Gas Inventorie […]
• Prices Drop After Bearish Inventory Report
  US crude oil stocks posted an increase of 4.7 MMBbl from last week. Gasoline inventories increased 3.7 MMBbl and distillate inventories increased 0.8 MMBbl. Yesterday afternoon, API reported a large crude oil build of 2.4 MMBbl, alongside a gasoline build of 0.4 MMBbl, but distillate dropped by 0.2 MMBbl. Analysts, to the contrary, were expecting […] The pos […]
• A Massive Swell of Gasoline Imports Arrives to the West Coast
  A string of refinery outages on the US West Coast, also known as PADD 5, have pushed gasoline inventories for this time of year to the lowest level since 2013. As prices have spiked, a surge of gasoline and blending components imports has arrived to satiate the region’s demand. Customs data analyzed by DrillingInfo show […] The post A Massive Swell of Gasoli […]
• The Week Ahead For Crude Oil, Gas and NGLs Markets – May 20, 2019
  CRUDE OIL US crude oil inventories posted an increase of 5.4 MMBbl last week, according to the weekly EIA report. Gasoline inventories decreased 1.1 MMBbl and distillate inventories increased 0.1 MMBbl/d. Total petroleum inventories showed a large increase of 14.6 MMBbl. US crude oil production decreased 100 MBbl/d last week per EIA. Crude oil imports […] Th […]

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