The latest oil storage policy

What is crude oil storage index (Cosi)?

rude Oil Storage Index (COSI). The COSI is designed to be a benchmark for crude oil trading, hedging and inves ments for market participants. It can also provide advance signals for energy policy, which can then be used to rebalance global and regional oil arkets and energy transitions. The COSI demon

What's going on with the oil & gas outlook?

The company outlook index decreased 12 points to -4.9, suggesting slight pessimism among firms. Meanwhile, the outlook uncertainty index jumped 21 points to 43.1. Oil and gas production increased slightly in the first quarter, according to executives at exploration and production firms.

What is the nominal value of global storage (COS)?

like the global oil industry.The nominal value of global storage (COS) represents the sum of storage quantities at the major storage hubs, evaluated in U.S. dollars, at the prices or shadow values of that sto age at a given period in tim essed as巋╽巋╾CC= &(1)or the sum of the quantity of oil stored at the three primary storage hubs times

How much does it cost to store oil in a salt cavern?

nventional storage facilities. According to the U.S. Department of Energy (2021), storing oil in above-ground tanks is about five times more expensive than in salt caverns ($15-18 vs. $3.

How did oil & gas perform in the first quarter of 2025?

Questions also focus on regulatory compliance costs, employee head count, mergers and acquisitions in the upstream sector and the impact of steel import tariffs. Activity in the oil and gas sector increased slightly in first quarter of 2025, according to oil and gas executives responding to the Dallas Fed Energy Survey.

Does a fixed base period index recast the world oil price?

recasting the world oil price.The results for all three indices suggest that the fixed base period index has sligh y better forecasting ability. Specifically, the regressions using the fixed base period indices demonstrate an ability to forecast crude oil prices two or t