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Archives for February 2016

February 14, 2016

Refiners cut runs… Bloomberg

From Bloomberg: (http://www.bloomberg.com/news/articles/2016-02-11/oil-hits-latest-hurdle-as-u-s-fuel-glut-puts-brakes-on-refining) Here is the

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February 12, 2016

Oil production efficiency… EIA

http://www.eia.gov/todayinenergy/detail.cfm?id=24932 From the EIA: "As falling global oil prices led to significant reductions in rig counts and

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February 11, 2016

Gasoline Cracks Live to Fight Another Day For Now

The EIA reported this week that gasoline stocks had assaulted another record high at 255.7 million barrels. Gasoline inventories have built by almost

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February 10, 2016

Bloomberg describes the 3-way options hedge…

http://www.bloomberg.com/news/articles/2016-02-09/oil-drillers-exposed-in-three-way-hedges-as-crude-dips-below-30 Selling the downside put reduces

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February 10, 2016

Natural gas use for power higher this year… EIA

http://www.eia.gov/todayinenergy/detail.cfm?id=24892 "Low natural gas prices have been the primary driver of increasing natural gas use for power

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February 9, 2016

IEA/EIA STEO No near term relief in sight

Both the IEA Oil Market Report and the EIA Short Term Energy Outlook(STEO) were released today and neither report had much succor for any near term

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February 7, 2016

Cheap oil means perilous politics.. WP

https://www.washingtonpost.com/opinions/from-iran-to-nigeria-cheap-oil-means-perilous-politics/2016/02/04/aefcdbb8-cb76-11e5-a7b2-5a2f824b02c9_story.ht

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February 5, 2016

Inventory levels, EIA

Here is another perspective of inventory levels from the EIA: (http://www.eia.gov/todayinenergy/detail.cfm?id=24832#) And here are the price

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February 3, 2016

Is this the bottom?

Yes, crude was up sharply today:   And many point to a weakened dollar as to one reason why:   (Price charts, by the way, are from

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