Andy Lebow has been talking about this for a few months in our podcasts, that distillates stocks are tight relative to gasoline... The EIA has a nice
Record EV sales in 2017… IEA
From the International Energy Agency, here... ”The number of electric and plug-in hybrid cars on the world’s roads exceeded 3 million in 2017, a
US, OECD inventories back to five-year average… EIA
Here is the EIA’s,”Today in Energy”: ”Global petroleum inventories declined through 2017 and the first quarter of 2018, marking the end of an
Some energy charts from The Daily Shot, WSJ…
Here are a couple of charts from The Daily Shot showing which countries cut oil production and which have capacity to increase... There are more
OPEC/Russia Target Free Riders… WSJ
Spencer Jakob, WSJ, tells us why OPEC/Russia are about to end their agreement to curtail oil production here... “One reason may be that prices
US gasoline exports… EIA
US gasoline exports go mostly to Mexico... From the EIA’s Today in Energy, here: “U.S. motor gasoline gross exports increased to
Oil helps some, hurts others… The Economist
The Economist uses some UBS research to say this: "Many emerging economies import oil; others export it. As a rule, higher prices hurt the first
Gasoline expenditures… NY Times
From the NY Times, on gasoline prices... There is more here... "Americans consume roughly 400 million gallons of gasoline a day, so the 60-cent
Andy Furman, Risked Revenue on hedging oil price risk…