BarclayHedge (not the bank) shows CTA performance over the years in a table and chart: What a difference in returns between the decades of
A bull market… in sand?
SL-Advisors discuss the growth and expected growth in sand use due to fracking demand:
Saudi, Iraq exports to the US expected to decline… EIA
In This Week in Petroleum, the EIA does a nice job with the changing economics of US imports from Saudi Arabia and Iraq... "The price difference
Options update….
Implied volatility settled yesterday at 24.6%, its lowest level since 10/9/2014... Of options related to crude oil on the CME, the one with the most
Break-even price rising… Matt Smith, Oilprice.com
In Matt Smith's summary at oilprice.com, he includes an interesting chart on shale producers' break-even prices:
Managed money is extremely long Brent…WSJ
The Wall Street Journal ha a nice chart showing net length of money mangers in Brent crude oil here: "Managed-money accounts increased the
Howard Marks talks to Barry Ritholz on a recent Masters in Business podcast…
Mostly excellent: https://www.bloomberg.com/news/audio/2017-02-17/interview-with-howard-marks-masters-in-business-audio
Worst Gasoline Glut in 27 Years… WSJ
The Wall Street Journal writes about the gasoline glut: "U.S. gasoline consumption plummeted last month, nearly matching a 15-year low, government
Sinochem investing in Noble… Bloomberg
Bloomberg reports that Chinese state-run Sinochem is in talks with commodity trader Noble: "The Asian nation’s state-run Sinochem Group is said to