From the EIA’s Short Term Energy Outlook, here...
Fund activity update… Kemp
The excellent John Kemp, Reuters, keeps us updated on fund activity in oil markets, here... ”The concentration on Brent and middle distillates,
Water Futures to Start Trading… Bloomberg
Here is Kim Chipman, Bloomberg: “Farmers, hedge funds and municipalities alike will be able to hedge against -- or bet on -- potential water
Refineries shutting down… WSJ
David Winning and Rebecca Elliott, Wall Street Journal write about refineries under pressure and shutting down, here... “Covid-19 is accelerating a
Unchanged GDPNow estimate from Atlanta Fed…
From +11.1% on Dec 1 to +11.2% on Dec 4, which includes today’s underwhelming jobs numbers... Note that consensus estimates are just under +4%... Here
Implied vol moves sharply lower post OPEC…
Here is barchart.com:
Days supply… EIA
From the EIA’s Today in Energy, here are some charts showing stock levels compared to demand, or days supply for oil and products:
Mexico’s oil hedge… Bloomberg
Nacho Catten and Javier Blas, Bloomberg, have a nice piece on Mexico’s oil hedge here... ”Mexico will cash in its oil price insurance policy this
Distillate inventories… EIA
From the EIA's excellent series, Today in Energy, here... "U.S. demand for distillate has been generally increasing since it reached an annual low