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Energy Oil & Gas E&P

"Penn West Petroleum, based in Calgary, Alberta, is an independent Canadian energy company focused on the exploration and production of oil and natural gas resources in Saskatchewan, Alberta, and British Columbia. At the end of 2015, the company reported proven reserves before royalties of 208 million barrels of oil equivalent. Daily production averaged 86,000 barrels of oil equivalent in 2015,... see more

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PENN WEST PETROLEUM LTD. > U.S. Inventories Falling Despite Increased OPEC Imports

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Post by makedonka on Mar 22, 2017 8:44pm

U.S. Inventories Falling Despite Increased OPEC Imports

"Petroleum stocks are down 21 million barrels over last 5 weeks.

Accounting for planned 10 million barrel SPR sale could mask stock declines.

Crude inventories increased 4.3 million barrels last week.

Product stocks declined 3.6 million barrels last week.

Have we finally stopped Digging?"

https://seekingalpha.com/article/4057264-data-download-u-s-petroleum-inventories-falling-despite-increased-opec-imports

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