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
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
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
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
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
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
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
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
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





