From the EIA’s Today in Energy: ”Colder-than-normal temperatures across much of the Lower 48 states, especially in Texas, led to increased demand
Oil curve update… Bloomberg
Elizabeth Low and Alex Longley, Bloomberg, have a nice piece on oil prices, here... “U.S. drillers have restored about 80% of crude output in parts
Sheik Yamani, dead at age 90… WSJ
Benoit Falcon and Summer Said, Wall Street Journal, writes the obit Saudi Arabia’s most influential oil minister, here... ”Then-Crown Prince
Kemp updates fund positions in oil, products… Reuters
The excellent John Kemp, Reuters, updates his chart book showing money managers’ net long positions in oil and products, here... These numbers are as
US Natural Gas Shortage… WSJ
Christopher Matthew’s and Collin Eaton, Wall Street Journal, have a nice piece on natural gas disruptions in Texas, here... ”U.S. natural gas
Most active strikes… update
Dec22 $100, 98 calls continue to trade actively... Two of the top three open interest strikes are in Dec 2022! From the Merc’s Most Active Option
Atlanta GDP Nowcast up to +9.5% for 1Q… Atlanta Fed
I use this to gauge the effect of recent data releases on GDP estimates... Earlier this week the estimate was around +4.5%... The sharp rise reflects
Some refiners gain… WSJ
Jinjoo Lee, Wall Street Journal, points out that some refiners (outside the Gulf area) gain from weather disruptions in Texas...
Gary Ross quote… Bloomberg
From Bloomberg: ““The market is turning into a wild animal for OPEC+ to control,” said Gary Ross, a veteran oil consultant turned hedge fund manager