Ahead of tomorrow’s OPEC+ meeting, note that implied vol is moving sideways (30.88, orange, left hand scale) but not collapsing like the 20 day
Natural gas options update…
Natural gas prices have exploded upward recently as the chart below shows (from Barchart.com)… But yesterday’s option flow looks like a market (on a
More OPEC+ supply needed… Goldman via Reuters
Here is a story from Reuters on what Goldman is saying about oil… “The U.S. bank forecast oil demand to rise by an additional 2.2 million barrels
Covid, peak transportation, oil demand… Columbia Center on Global Energy Policy
Here is a chart showing driving trends from a report by Amy Jaffe Meyers, et. al., “Will COVID Drive an Early Peak in Transportation Activity and Oil
OPEC’s view of supply/demand… Reuters
Alex Lawler, Reuters, discusses what OPEC is looking at ahead of this week’s meeting, here… “OPEC's latest forecast of the demand for its crude
Global Gas Rally… Bloomberg
Is the top in sight? Here is the story from Bloomberg’s Stephen Stapczynski and Anna Shiryaevskaya… ”Higher gas prices, which hit a 13-year
US petroleum product demand… EIA
This, from the EIA’s always excellent This Week in Petroleum… “A combination of increasing travel and economic activity in the United States has
Coal prices at decade high… WSJ
Joe Wallace, Wall Street Journal, writes about coal, here… ”A shortfall of natural gas, rebounding electricity usage and scanty rainfall in China
$100 oil expectations showing up in options activity…
Here is a Bloomberg headline from the 22nd: Big Oil CEOs Join Traders in Seeing Possibility of $100 Oil And here is yesterday’s activity in WTI