Here are some nuggets from the summary: Increased stock levels, especially in the U.S. are no surprise: "Export volumes are still appearing in
Timing is still key…
Here is Bloomberg writing about Goldman's badly mistimed bullish call: "The bank is sticking to its view that tightening supplies will lead to
Natural Gas Glut… WSJ
Timothy Puko, WSJ, writes: "Natural-gas futures have fallen 23% over the past two months to $3.043. Shares of gas-production companies are among
Crude spreads, Contango/Backwardation… Jeff Kemp, Reuters
Jeff Kemp does a nice job describing backwardation and contango in oil markets here: http://www.reuters.com/article/oil-opec-kemp-idUSL5N1GR4IB He
Brent price benchmark to add another crude… Today in Energy
From Today in Energy: "The method for assessing the Brent global benchmark crude oil price is scheduled to change in 2018. The Brent price
Oil VIX reacts to lower oil prices…
The CBOE's measure of oil volatility, the VIX, is up: The chart is from Google Finance...
Dueling Nowcasts…
The NY Fed and the Atlanta Fed each publish GDP Nowcasts which try to estimate current quarter GDP using the most recent economic data points... But
This Week in Petroleum… EIA
US oil stocks continue to rise... Here a chart the market is reacting to: Gasoline is declining seasonally, but still at the upper end of the 5
Lebow quoted in FT and Reuters…
Our own Andy Lebow is quoted in the Financial Times: and in Reuters: ""We're seeing some 'GMO trading', or 'Get-Me-Out' type trading," said