John Kemp, Reuters, has another excellent chart book on LinkedIn, here...
Gasoline, diesel cracks… EIA
From yesterday’s release of the EIA’s Short Term Energy Outlook, here...
Contango to Backwardation… EIA
From yesterday’s release of the EIA’s Short Term Energy Outlook, here.. ”This increase in backwardation is most likely the result of Saudi Arabia’s
Power prices in NY.. NY ISO
Cold weather and something else? is causing Locational Based Marginal Prices to go crazy...The price early this morning in the North zone was $-1,513
Funds add to net length in oil, but not by much… Reuters
John Kemp’s weekly piece on fund activity in oil markets shows us that fund activity is still not yet crazy long... The data are released on Friday
Backwardation in WTI… WSJ
Joe Wallace, WSJ, discusses tightening oil supplies leading to a backwardated price curve, here... ”On Friday, WTI contracts for oil that will be
Helicopter money in another pandemic recession: Venice, 1630… Voxeu
Charles Goodhart, Donato Masciandaro, Stefano Ugolini 04 February 2021 ‘Helicopter money’ is an often-evoked concept in macroeconomics, but the
Oil’s rebound… Bloomberg
Grant Smith, Alex Longley and Andy Hoffman, Bloomberg, discuss the oil rebound here... “Futures rallied to a one-year high near $60 a barrel in
LNG exports exceed natural gas exports by pipeline… EIA
From the EIA’s Natural Gas Weekly Update: ”According to the U.S. Energy Information Administration’s (EIA) Natural Gas Monthly (NGM), in November