Is the top in sight? Here is the story from Bloomberg’s Stephen Stapczynski and Anna Shiryaevskaya… ”Higher gas prices, which hit a 13-year
US petroleum product demand… EIA
This, from the EIA’s always excellent This Week in Petroleum… “A combination of increasing travel and economic activity in the United States has
Coal prices at decade high… WSJ
Joe Wallace, Wall Street Journal, writes about coal, here… ”A shortfall of natural gas, rebounding electricity usage and scanty rainfall in China
$100 oil expectations showing up in options activity…
Here is a Bloomberg headline from the 22nd: Big Oil CEOs Join Traders in Seeing Possibility of $100 Oil And here is yesterday’s activity in WTI
Dwindling crude stocks in Cushing… Bloomberg
Sheela Tobbin and Lucia Kassai, Bloomberg, have a nice piece on declining oil stocks at Cushing, here… ”Stockpiles in Cushing, Oklahoma, the
OPEC+ considers adding oil… WSJ
Benoit Faucon and Summer Said, Wall Street Journal, summarize OPEC+ policy, here… “OPEC and its allies are considering boosting the group’s
Change in Selected Commodities… The Big Picture
From Barry Ritholtz’s excellent The Big Picture, here is a look at changes in selected commodities:
Peak demand vs. peak investment… Oilprice.com
Irina Slav, Oilprice.com, quotes Castleton Commodities CEO, here… ”From $35 per barrel to $130 per barrel—this is the range for oil prices in the
Natural gas glut is gone… WSJ
Ryan Dezember, Wall Street Journal, has a nice piece on natural gas fundamentals, here… ”Demand for the fuel is picking up as the world’s economies