Mexico is opening up its fuel markets to competition... From the Houston Chronicle: ”An increasing number of foreign firms plan to invest in ports
US LNG exports increasing due to new facilities… EIA
Here is the EIA on increasing export capacity for liquified natural gas: “Sabine Pass, located on the U.S. Gulf Coast near the Louisiana-Texas
Atlanta Fed’s GDPNow forecast declines after better than expected jobs report…
Today’s better than expected jobs report had a dampening effect on the Atlanta Fed’s GDP Now: ”A latest forecast: 2.9 percent — December 8,
Oil, gasoline, distillate stock levels… EIA
Here are some charts from the EIA’s This Week in Petroleum showing stock levels and days supply (stocks divided by demand): Crude stocks are now
Post OPEC price weakness…
This is probably the main reason oil prices are weaker since last week’s OPEC meeting, from Reuters: ”“Oil prices are continuing to crumble,” said
Stock market sector correlation is low… Business Insider
Here is Business Insider: “It shows that intra-sector correlation — or the degree to which industries in the benchmark S&P 500 index trade
Global Earnings Hit a Record High… WSJ
Based on earnings per shares and only going back to 2001... Here is the Wall Street Journal: “The earnings-per-share of a FactSet index of over
MIT Suggests US Overstates Oil Output Forecasts… Bloomberg
I think this kind of story is more likely to come out near market tops than market bottoms... We’ll see... Here is Bloomberg: “But now, researchers
OPEC is watching this chart closely…
From the EIA, here is a chart of US oil production: