The IEA is looking for sharp draws in this quarter: With a caveat: "Another factor that could influence the market balance is revised
Some charts from the EIA’s Short Term Energy Outlook…
The EIA shows an expected world stock draw in 3Q17, but then 3 quarters of builds... However, this is against a backdrop of consumption increases of
“p-hacking”… Peter Coy, Bloomberg
Do read the whole thing here... "In the wrong hands, though, backtesting can go horribly wrong. It once found that the best predictor of the
John Watson, CEO, Chevron, interview… Columbia
Columbia U's SIPA Center on Global Energy Policy interview with John Watson is here...
Hedge Funds Build Bullish Position in Natural Gas… Kemp/Reuters
John Kemp/Reuters reports that hedge fund have built a big bullish position in natural gas futures... Here is why: "Fund managers have responded to
Our monthly podcast…
Andy and I discuss current supply/demand situation in energy markets... Errata: Note that I mention an IEA number of 1.9 million which refers to the
Chinese oil imports… EIA
The EIA's special article in "This Week In Petroleum" discusses Chinese oil imports.. Here is what I found interesting: "Growth in China’s total
Traders selling storage assets… Reuters
"Since January, Glencore, Vitol and Gunvor have completed or have been seeking to sell parts of their holdings in storage firms.". This is from
Iran struggles to expand oil exports… Reuters
Reuters reports that Iran will have trouble growing exports now that oil in floating storage is depleted and foreign investment for developing oil