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A Global Broker And Commercial Advisor For The Energy And Ocean Transportation Industries.

Poten & Partners, a global broker and commercial advisor for the energy and ocean transportation industries, provides unparalleled access and insight into worldwide commodity and shipping markets.

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Tanker Broker, Tanker Consulting, LNG & Natural Gas Consulting, LPG Consulting, Fuel Oil Consulting, Asphalt Consulting, Naphtha Brokerage, Financial Services
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 After the Stock Build (May 11, 2012)

In this week’s Petroleum Status Report, the US Energy Intelligence Agency (EIA) reported that US commercial crude inventories rose a higher-than-expected 3.7 MB last week, to 379.5 MB, the highest level since 1990. Crude oil prices declined on the news, also confronted by electoral uncertainty and recessionary conditions in Europe and weaker Chinese economic statistics. US crude stocks have jumped by 14.3 MB, or 511 kbpd, during the past four weeks, supported by a 3.5 MB rise in Cushing stocks, still awaiting an outlet in the Seaway pipeline reversal that starts on May 17th. Still, US crude inventories excluding Cushing, at 335.4 MB, are near previous peaks in the weekly data.

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