Last week, the EIA posted a build/rise in commercial crude oil inventory of 1.441 million barrels in wake of the Polar Vortex. Over the past week however, we have had some interesting developments.

We took a look at the impact on Venezuela's crude oil exports over the past two weeks since the US imposed oil sanctions on PDVSA.

Last week, the EIA posted a crude oil inventory build of only 917,000 barrels. Our forecast came in extremely close at 905,000. Let's have a look at where the coming EIA report places us!

Last week, the EIA posted a build of nearly 8 million barrels based on a boost in weekly imports and a drop in refinery runs. Here is our forecast of last week's storage change in the United States.

Last week, the EIA reported a draw of 2.681 million barrels even though production rose by another 200,000 barrels per day to 11.9 million.

When the US Department of Treasury imposed economic sanctions on Iran, they announced that eight countries were issued six month waivers to continue importing Iran's oil. One of them was Taiwan. The country couldn't continue importing because payment mechanisms ceased. We now examine their plan B.

Last week, the EIA posted a draw of 1,680 million barrels in commercial crude oil inventory. We saw that the EIA's data collection improved as the accounting Adjustment factor had dropped from its recent highs.

Saudi Arabia's Energy Minister is saying that Russia's oil production cuts are going slower than he likes. We re-calculate Russia's official numbers for December.

The US government shutdown continued into its third week last week and we have yet to see what impact it will have on this week's EIA report. We have applied several adjustments.

Last week, the EIA posted a negligible draw of only 42,000 barrels in US crude oil inventory, however there was a giant Adjustment figure, most likely on account of the US government shutdown causing interruptions in data collection.

Last week, the EIA posted a draw of only 497,000 barrels in commercial crude oil inventory. This was third draw in a row. Here is our forecast of what happened.

This story is a follow-up of last week's article titled "What on Earth is Happening in Libya?". We provide the latest update on production and exports.

Last week, the EIA reported a draw of 1.204 million barrels for the week ending December 7th, 2018. Our forecast showed a draw of 700,000 barrels, which was a lot closer than 10 million barrel draw from other another source.

Last week, the EIA posted a draw of 7.332 million barrels on account of a new record in exports; at 3.203 million barrels per day. Here is our forecast of last week's crude oil storage change.

A lot of headlines and stories are coming out of Libya via media outlets and the National Oil Company (NOC). Here's what we're seeing.