From the EIA’s This Week in Petroleum, here are gasoline and distillate stocks compared to 5 year averages: Distillates are winning the race to
A downside to hedging… WSJ
Christopher M. Matthews and Bradley Olson of the WSJ wrote an excellent piece on why frackers are struggling to make money despite higher oil
This Week in Petroleum… EIA
From the EIA’s always excellent, This Week In Petroleum... Which is more eye-popping, crude oil exports (at 2.566 mbd for the week)... or the
Global Oil Stocks at Three-Year Low… IEA/WSJ
The IEA reported today that oil stocks have dropped to a three year low... The Wall Street Journal reproduced this chart showing inventories compared
The Atlanta Fed’s GDPNow…
The Atlanta Fed’s GDPNowcast for 2Q is at +4.1%: While prone to significant revisions the Nowcast gives us a sense of how an economic data
Higher gas prices/retail sales… WSJ
Retail sales held up well in April, despite higher gasoline prices... Here is Sharon Nunn at the WSJ: ”Retail sales—a measure of spending at