EIA: US crude oil inventories fall to 2018 lows, gasoline supplies rise
Tuesday, January 18, 2022
U.S. crude oil stockpiles fell to their lowest levels since October 2018 as gasoline inventories continued to rise amid weak demand, the Energy Information Administration said last week.
During the week of Jan. 7, crude inventories fell 4.6 million barrels to 413.3 million barrels. Reuters’ poll had estimated analysts’ expectations around a 1.9-million-barrel drop.
Simultaneously, The U.S. gasoline supply rose by 8 million barrels during the same period to 240.8 million barrels. Analysts expected to see a 2.4-million-barrel increase.
Learn more: Reuters > U.S. crude stockpiles fall to 2018 lows, gasoline inventories surge – EIA
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Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.