Matt Smith at FuelFix (http://fuelfix.com/blog/2016/11/03/the-record-oil-inventory-build-that-never-was/) suggests that the 14.4 million barrel build
“Winter is over” say natural gas prices….
Natural Gas prices tumbled recently on seasonally warm weather: Here is Bloomberg
Saudis, Iran sparring again… Reuters
Reuters reports: "OPEC experts last week, designed to work out details of cuts for the next OPEC ministerial gathering on Nov. 30, saw Saudis and
Record US Summer Gasoline Consumption… EIA
Here is the EIA (http://www.eia.gov/todayinenergy/detail.php?id=28612#): "The consumption of U.S. finished motor gasoline reached a new high of 9.7
WTI Implied Vol Update…
Implied volatility has picked up a bit from a recent low of around 32 to currently around 39... This makes sense... OPEC's recent failure to come up
What a 14.4 million barrel build looks like…
Yesterday's EIA release showed crude oil stocks building by a record 14.4 million barrels... From "This Week in Petroleum" here are two charts showing
Producer Prices in Asia… The Economist
From The Economist, producer prices are on the rise in Asia (or falling less quickly): "Steel prices have risen by nearly 50% this year. Production,
US production, consumption… EIA
In Today in Energy, the EIA has a couple of nice charts showing US energy production and consumption since 1908 (think Cubs)... This chart is through
RINS, biofuels… WSJ
Here is my take... Get rid of the ethanol program! (Do read the whole article)... "The price of the credits has skyrocketed