Options trading was active on yesterday's sharp down move plus August WTI options expire today... 113,739 calls and 165,215 puts traded... Most of
ND oilfields set 3 new records in May… Bismarck Tribune
And they are: ”As oil production hit 1,244,629 bbl/day in May, natural gas production hit almost 2.32 billion cubic feet per day, with producing
Some charts from OPEC’s monthly Oil Market Report…
The link to OPEC’s monthly report is here.... A large increase in Saudi production was offset some by Libya... Venezuela continues to
Some traders hit hard from volatile spreads… Reuters
Here is a Brent/WTI crude spread chart from Reuters: From Reuters: “However, it is the big, sudden moves that tend to claim trade
WTI options update…
Yesterday, a large number of Sep 55 puts traded, increasing open interest by almost the same amount...
Delta’s strategy to combat rising fuel costs… WSJ
After an unpleasant experience with hedging jet fuel costs (this is rom a June 2nd, 2016 Forbes article, here: “Delta Airlines’ new CEO Ed Bastian
The IEA’s OMR is out…
Here are some takeaways from the Internstional Energy Agency’s Oil Market Report, released today (my bold): “The clearly expressed determination of
WTI options comment…
Yesterday’s option volume was heavy with about 250,000 trading... As one might expect with a sharp price move, the heavy option volume occurred in
The EIA’s Short Term Energy Outlook is out…
The link is here... Supply/demand looks balanced until next year: EIA estimates that U.S. crude oil production averaged 10.9 million