From the Wall Street Journal’s always interesting The Daily Shot:
US oil stocks… EIA
Oil stocks continue to rise in the US... Here is a look from the EIA’s This Week in Petroleum:
Oil market supply/demand… IEA via SeekingAlpha
Here is a chart showing expected supply/demand balances for oil from the IEA’s June Oil Market Report, via SeekingAlpha, here...
Fatih Birol comments on CNBC…
Here is the IEA’s Fatih Birol on CNBC: ”IEA Executive Director Fatih Birol told CNBC’s “Street Signs Europe” on Tuesday that a modest oil market
Huge stockbuilds to pressure margins… IEA via Reuters
Reuters summarizes today’s release of the IEA’s Monthly Oil Report, here... ”“Large implied product stock builds set the stage for a subdued margin
Options update…
Option volume is not crazy these days... After yesterday’s price downdraft, here is what happened (from the CME’s most active strike too)... Here
Days supply… EIA
For perspective, here is a long term chart showing days supply for US crude oil... Days supply is equal to stocks divided by daily demand...
Supply/Demand balance… EIA
Here a look at the EIA’s estimates for supply/demand for liquid fuels from This Week in Petroleum: ”Taken together, the faster recovery of global
Air travel… WSJ
In today’s The Daily Shot, from the Wall Street Journal, here is a look at the recovery in air travel: