From the EIA's This Week in Petroleum, here are oil and products stocks in perspective... First, stock levels compared to 5 year highs and lows:
Smaller Price Discounts in Appalachian Region, Natural Gas… EIA
In the EIA's Today in Energy: "As new pipeline projects and expansions are completed, the difference between the Henry Hub national benchmark price
OECD Stocks Below Last Year, OPEC Compliance Weakens… IEA
From the IEA's Oil Market Report released on Friday: ..."new data suggests that in 2Q17 global stocks fell by 0.5 mb/d and preliminary data for
Strong domestic and export demand is outpacing U.S. gasoline production, resulting in stock draws…EIA
From the EIA's This Week in Petroleum, here are some charts which show the gasoline production in 2017 compared to the 5 year average... and,
Seasonality of U.S. distillate consumption and stock levels is declining… EIA
From the EIA's This Week in Petroleum: "Changes in demand trends, trade patterns, and fuel specifications have significantly reduced the role of
Tax reform in the US… NYTimes
Eduardo Porto, New York Times, wrote a nice piece on taxes and reform in the US here... I found this interesting: "What happened was
Oil Price Forecasts Cut by Banks… WSJ
From the Wall Street Journal, here are price projections from various banks:
As Venezuela Spirals, US Oil Confronts Threat… Bloomberg
Alex Nussbaum and Sheela Tobben, Bloomberg, do a nice job discussing what an embargo of Venezuela might do to US oil companies... "From New Jersey
Crude oil, gasoline, distillate stocks… EIA
From the EIA's This Week in Petroleum, here are some charts which show declining stock levels in crude oil, gasoline and distillates: Crude oil is