This, from the WSJ article: "At today’s benchmark prices, the crack spread, or price difference between crude oil and gasoline, stood recently at
Bottom of the cycle?
Schlumberger's CEO: "“In the second quarter, market conditions worsened further in most parts of our global operations, but in spite of the
This Much I Know… Kahneman
Daniel Kahneman with some gems in The Guardian: "Many people now say they knew a financial crisis was coming, but they didn't really. After a crisis
This Week In Petroleum… EIA
The always interesting "This Week In Petroleum" suggests that increased drilling could slow production declines in the US: "The Lower 48 states
India’s planned SPR, Consumption… EIA
As India's energy imports increase, India plans a strategic petroleum reserve... From EIA's Today in
Saudi Arabia stockpile drawdown… WSJ
The Wall Stree Journal reports that Saudi Arabia is working down oil stocks to meet summertime domestic demand rather than increase production: "The
Crude oil implied vol update…
Implied volatility in crude oil has not been too interesting lately, with options trading in the mid to high 30's for most of the last two months...
The Laws of Capitalism are Being Rewritten… The Reformed Broker
Here is an amusing piece from The Reformed Broker: "All of the traditional drivers of risk-off behavior have been nullified. Everything that used to
China’s energy demand… Bloomberg
From Bloomberg: "The strength in the nation’s import appetite contrasts with sluggish domestic demand for the fuels. The nation’s apparent oil