I especially liked the response by Summers here... “Larry Summers: Get to grips with vicious cycles The central lesson of 21st century economic
Crude imports by rail from Canada… EIA
The always excellent EIA’s This Week in Petroleum covers crude imports from Canada here... “Crude oil production in Canada increased to 3.9 million
Petroleum imports/exports, US… EIA
From the EIA’s Today in Energy: ”U.S. net petroleum trade, including crude oil, petroleum products, and natural gas plant liquids, has fallen in
More on the Permian bottleneck from the WSJ…
Alison Sider and Bradley Olsen have a nice piece on pipeline congestion and bottlenecks getting oil out of the Permian here... The Midland-Cushing
A little history of WTI options…
A little history in WTI options: After a little more than two years of being listed, the WTI oil options contract showed us why it was so different…
Most active strike, WTI… CME
The CME’s excellent option tool here shows the most open interest in June $60 puts, now at 48,087... This is a “teeny” one, settling at $.24...
Venezuela’s oil production…Oilprice.com
Here is Julianne Geiger, Oilprice.com, reporting on OPEC’s monthly report (released Thursday): ”...Venezuela’s production fell by 55,000 barrels
The Aramco Accounts… Bloomberg
I didn’t see a byline but Bloomberg analyzes Saudi Aramco here... Yes, there will be interest in the IPO... “Using a rough measure of total oil,
Supply/Demand balance… IEA, EIA
Two charts from the monthly oil market reports of the International Energy Agency and the Energy Information Agency show how they differ