The Economist has a nice piece explaining why refining margins are soaring, (I didn’t see price gouging on the list)… here… “Three factors explain
Energy goods and services as % of PCE… Calculated Risk
From the Calculated Risk blog, here is a better way to look at energy prices than discounting by CPI and shouting “record prices!”….
Distillate stocks, US… Reuters
From the excellent John Kemp, Reuters, here…
Podcast: May 2022 Oil Market Analysis
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group
Ammonia prices… EIA
US ammonia prices are sharply higher too… Here is the EIA: ”The U.S. price of ammonia, the primary source of nitrogen fertilizer, has risen by a
East coast jet fuel prices decline from record highs… EIA
From the EIA’s This Week in Petroleum, here… ”Aside from pandemic-related disruptions to petroleum product supply and demand, the East Coast’s loss
An important oil demand indicator… Worldometer
From Worldometer, here is an update on new coronavirus infections in China:
Call spreads active in Brent…
Yesterday around 30,o00 call spreads traded in Brent options… Here is a summary: July22 139/140 call spreads traded, settling at $.o5 (most of this
Jet fuel prices soar… Bloomberg
Javier Blas, Bloomberg, highlights soaring jet fuel prices here… “In some ways, the current jet-fuel market is a copy-and-paste version of what