{"id":481,"date":"2014-10-23T11:06:20","date_gmt":"2014-10-23T11:06:20","guid":{"rendered":"http:\/\/olduvai.ca\/?p=481"},"modified":"2014-10-23T11:06:20","modified_gmt":"2014-10-23T11:06:20","slug":"peak-oil-notes-oct-23","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=481","title":{"rendered":"Peak Oil Notes – Oct 23"},"content":{"rendered":"

Peak Oil Notes – Oct 23<\/a>.<\/p>\n

New York oil futures traded around $82 a barrel this week until\u00a0Wednesday\u2019s<\/span>\u00a0stocks report showed an unexpected 7 million barrel jump in US crude stocks. The jump resulted in a nearly $2 decline in the futures market to a close of $80.52 a barrel, the lowest settlement since June of 2012.\u00a0 London\u2019s crude, which had been trading around $86 slid $1.51\u00a0on Wednesday<\/span>\u00a0to a close of $84.71.\u00a0 Refinery maintenance is in full swing with utilization down to 86.7 percent, the lowest since March, as changeover to winter blends continues.\u00a0 Refinery maintenance, the primary cause of the crude inventory build, is now at its peak, but should be over in a few weeks. Gasoline inventories fell last week due to less production, but distillates increased as demand for heating oil and diesel is currently weak.<\/p>\n

US natural gas futures fell to a new 11-month low\u00a0on Wednesday<\/span>\u00a0as traders are expecting that\u00a0Thursday\u2019s<\/span>\u00a0report will show that a larger than normal amount of gas was injected into storage last week. Mild weather, with minimal demand for heating gas, is expected to continue across the US for the next couple of weeks and long-range forecasts are predicting that really cold weather will not settle in across the US until January.<\/span><\/p>\n

…click on the link above to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

Peak Oil Notes – Oct 23. New York oil futures traded around $82 a barrel this week until\u00a0Wednesday\u2019s\u00a0stocks report showed an unexpected 7 million barrel jump in US crude stocks. The jump resulted in a nearly $2 decline in the futures market to a close of $80.52 a barrel, the lowest settlement since June of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[184,548,592,617,845],"class_list":["post-481","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-crude-oil","tag-nat-gas","tag-oil-price","tag-peak-oil","tag-us-oil-exports"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=481"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/481\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}