Archives for April 2020

Here is  a look at inventories and capacity from the EIA’s Today in Energy: And here is a closer look at Cushing:

U.S port congestion to worsen suggest Stephen Cunningham and Robert Tuttle, Bloomberg, here... “Dozens of tankers are lined up off the two coasts

Here is an updated look at stock levels of oil and products from the EIA’s This Week in Petroleum:  

Here is a snapshot from the CME’s Most Active Strike tool... Note that positions in spread option puts were net liquidated while in calls were net

Matt Levine, Bloomberg, writes: ”One important point in that story is that most big financial investors had gotten out of the May oil futures

The EIA has an excellent piece in Today in Energy, here... “Under normal conditions, taking delivery of crude oil at Cushing purchased from the WTI

James Mackintosh, Wall Street Journal, has a nice piece on negative pricing in Europe’s power markets, here... ”Better-than-free electricity has

Smoke came out of the computer when I tried to calculate implied vol using the Black-Scholes (or Black for commodities) model for the June $0 put (not