Bullboard - Stock Discussion Forum Veren Inc T.VRN

Alternate Symbol(s): VRN

Energy Oil & Gas E&P

Veren Inc., formerly Crescent Point Energy Corp., is a Canada-based oil and gas exploration company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its crude oil and natural gas properties and related assets are located in the provinces of Saskatchewan, Alberta and the United States. Its operating areas... see more

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TSX:VRN - Post Discussion

Veren Inc > Gasoline down by 7.7 million barrels. API crude inv up 691K

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Post by LoneWolf3579 on Sep 22, 2020 4:54pm

Gasoline down by 7.7 million barrels. API crude inv up 691K

The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 691,000 barrels for the week ended Sept. 18, according to sources. The API data also reportedly showed gasoline stockpiles dropped by 7.7 million barrels, while distillate inventories declined by 2.1 million barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, inched up by 298,000 barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. The EIA data are expected to show crude inventories down by 4 million barrels last week, according to analysts polled by S&P Global Platts. They also forecast a supply drop of 1.9 million barrels for gasoline and an inventory increase of 1.2 million barrels in distillates. November West Texas Intermediate crude CLX20, 0.68% was at $39.82 a barrel in electronic trading, little changed from Tuesday’s settlement at $39.80 on the New York Mercantile Exchange.

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