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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > API REPORTS TODAY
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Post by Wildfury on Nov 15, 2022 5:30pm

API REPORTS TODAY

US crude inventories fell by 5.8 million barrels for the week ended Nov. 11. That compared with a build of 5.6M barrels reported by the API for the previous week. Economists were expecting a draw of just 400,000 barrels. API data also showed that gasoline inventories rose by about 1.7M barrels last week, and distillate stocks increased by 850,000 barrels. The official government inventory report due Wednesday is expected to show weekly U.S. crude supplies fell by about 440,000 barrels last week.
Comment by Re1ndeer2 on Nov 16, 2022 10:42am
EIA...............U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve)  decreased by 5.4 million barrels from the previous week. At 435.4 million barrels, U.S. crude oil  inventories are about 4% below the five year average for this time of year. Total motor gasoline  inventories increased by 2.2 million barrels from last week and are ...more  
Comment by Wildfury on Nov 16, 2022 11:29am
This is definitely not up to date news , it says the SPR is down 4% only? It says 435 million barrels ? We are at 392 million barrels level in the SPR . Doesn't make any sense , SPR draining , millions of barrels draw and yet oil down again ?
Comment by Paray99 on Nov 16, 2022 11:35am
They fake every bit of news in US to their advantage! It is their goal to pull down the oil price, pump up the US dollar and pull down the gold price at any cost. They are very successful in these so far. However, once the cards turn, everything will shoot up.  The fact is that oil inventories has dropped by a big figure and keep dropping. So, by end of today the oil will shoot up and will ...more