Friday's sharp price move down caused a big volume day in WTI options... Almost 300,000 traded, 107,811 calls and 189,958 puts... The most active
Warren Buffet interview… Financial Times
Warren Buffet is interviewed by the Financial Times, here... A couple of gems: “Buffett thinks that he has built a business in Berkshire that
Venezuela’s oil production continues to decline… EIA
From the EIA’s “This Week In Petroleum”, here... ”Venezuela's production decreased by an average of 33,000 b/d each month in 2018, and the rate of
A Favorable Fundamental Background… Byron Wien
Byron Wien, Blackstone, opines on the stock market, here... “Putting all of this together, the conclusion is that there is a favorable fundamental
Who is buying Oil from Iran? Bloomberg
The US is reportedly ending Iran oil waivers... Nick Wadhams and Verity Radcliffe, Bloomberg, have a nice piece, here, including some perspective:
Energy trade with Mexico… EIA
Importing Crude, but in declining volumes, exporting products and natural gas... The story is here...
The Daily Shot… WSJ
Today’s “The Daily Shot” has lots of good stuff (as usual), here... This chart shows the net selling going on by managed money in corn
Dueling GDP Nowcasts… Atlanta, NY Feds…
the Atlanta Fed’s 1Q GDP nowcast is soaring, at 2.8%... However, the NY Fed is still a sluggish 1.37...
Hedging contributions… EIA
The EIA’s always excellent “This Week In Petroleum” includes a very interesting chart showing hedging contributions to revenue for oil producers,