Market participants are trying to figure out how much Iranian oil will be sold after November... Here is Nidhi Verma, Reuters on Indian
100 million Euro loss in Nordic power market.. FT
Phil Stafford and David Sheppard, Financial Times, write, here: (my bold) “The catalyst for the trading loss was a series of backfiring bets on
Petroleum Supply/Demand Balance.. EIA
Here is the EIA’s take on petroleum supply/demand going forward:
Less crude, more products…
In This Week in Petroleum, the EIA shows a draw in US crude stocks, while gasoline and distillate stocks grow (distillates sharply):
Fund activity in oil… Kemp
John Kemp, Reuters, has this to say about fund activity in oil markets: ”Hedge funds and other money managers raised their combined net long
Oil exports from Iran… Bloomberg
Julian Lee, Bloomberg, has a nice piece on Iranian exports, here... ”Iran exported just over 2 million barrels a day of crude oil and condensate (a