Bloomberg reports that Saudi Aramco is increasing output capacity in the Shaybah field by 250,000 bpd: "Shaybah’s expansion will help Saudi Aramco,
Hedgers are hedging… WSJ
Oil producers are using the current rally to hedge barrels, but not at desired price levels. The Wall Street Journal reports on some specific
From Today’s Market Report, WSJ
The Wall Street Journal suggests that speculators are buying crude, while fundamental traders expect a pull back once some temporary bullish factors
NY Fed GDP, Inflation, Unemployment Forecasts…
The New York Fed put out an excellent chart book showing their estimates for key macroeconomic variables. Here is GDP: Here is the link to the
U.S. Oil Production… EIA
The EIA has a nice chart showing U.S. oil production on and offshore with projections: Here are their expectations: "In response to continued low
Oil/Equities Link Breaking Up… WSJ
Some interesting correlation numbers from the
Barrel Breakdown… WSJ
The Wall Street Journal has a nice piece on the "cost of production" for selected countries... As we learned over the past year and a half, "cost of
Heavy news night…
No agreement in Doha... http://www.wsj.com/articles/doha-draft-calls-for-oil-output-freeze-at-january-levels-until-october-1460872822. But the WSJ
It’s over, officially…
It's been over for a while, but the CME is officially shutting down the floor at the end of this