Lower prices have brought out more volume in options trading... Here is a snapshot of yesterday’s action in WTI options (from the CME):
Oil glut comeback?… Bloomberg
Alex Longley and Firat Kayakiran, Bloomberg, point out that contango has intensified, here...
Net positions, money managers… Reuters
From John Kemp, Reuters...
Exxon announces 18th discovery offshore Guyana… Reuters
From Reuters... “Exxon Mobil Corp said on Tuesday it has made another discovery offshore Guyana, as the largest U.S. oil producer continues to
Vol update…
Implied volatility for WTI options has picked up... Here is the CME’s Volatility Tool showing the term structure for Friday’s settlement compared with
A Glut of Refineries… WSJ
Rochelle Toplensky, Wall Street Journal, has a nice piece on the future of refineries, here... ”Europe’s fleet is owned by everyone from the major
US oil stocks, days supply… EIA
From This Week in Petroleum, here are stock levels and days supply for crude, gasoline and distillates:
Summer Fuel Demand… WSJ
Amrith Ramkumar Wall Street Journal, suggests that recent gasoline consumption is disappointing, here... “After demand for gasoline surged from
Venezuela’s oil industry…
From Carpe Diem, here is a short video on Venezuela’s oil industry that led to this: