From the EIA’s This Week in Petroleum, a look at hedging results:
Demand takes a holiday… EIA
Here is the supply/demand table from the EIA’s Weekly Petroleum Status Report… Note in the Products Supplied section that 4-week average total implied
Nordic power plunges… Oilprice.com
Michael Kern, oil price.com, has a piece on Nordic power prices, here… “While Germany and France are grappling with record electricity prices amid
Estimated at -2.1 for 2Q22, here…
Natural gas update… Bloomberg
Here are selected natural gas prices in a chart from Bloomberg:
Podcast: June 2022 Oil Market Analysis
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group
Refinery shutdowns in the US… RBN Energy
The excellent RBN Energy has a great piece on refinery shutdowns, here…
Giving up on the apocalypse so soon?
From QuikStrike’s excellent Most Active Strike tool, here… Dec22 $200 calls were the most active strike yesterday, 7,872, with a net 4,391 liquidation
Crack spreads soar… WSJ
Here is Jinjoo Lee, Wall Street Journal, on crack spreads: ”While global demand for petroleum products—ranging from gasoline and diesel to jet