From the EIA’s This Week in Petroleum, OPEC+ has been doing its part to rebalance the oil market: ”As a result of the lower demand and ample global
A tale of two GSCI’s… EIA
From the EIA’s excellent, underrated, monthly Short Term Energy Outlook, here is a look at the Goldman Sachs Commodity Index for energy and non energy
Skew update… WSJ
Joe Wallace and Pat Minczeski, Wall Street Journal, have a nice piece on oil vol with an updated chart showing skew, here... It’s not a surprising
Option volume picks up…
Lower prices have brought out more volume in options trading... Here is a snapshot of yesterday’s action in WTI options (from the CME):
Oil glut comeback?… Bloomberg
Alex Longley and Firat Kayakiran, Bloomberg, point out that contango has intensified, here...
Net positions, money managers… Reuters
From John Kemp, Reuters...
Exxon announces 18th discovery offshore Guyana… Reuters
From Reuters... “Exxon Mobil Corp said on Tuesday it has made another discovery offshore Guyana, as the largest U.S. oil producer continues to
Vol update…
Implied volatility for WTI options has picked up... Here is the CME’s Volatility Tool showing the term structure for Friday’s settlement compared with
A Glut of Refineries… WSJ
Rochelle Toplensky, Wall Street Journal, has a nice piece on the future of refineries, here... ”Europe’s fleet is owned by everyone from the major