Jennifer Alsever writes about some quirky potentially new leading indicators, here... “And almost no one is buying men’s suits. Sales fell 74% year
A note on GDP… Calculated Risk
Just a reminder from Calculated Risk on GDP: ”We are seeing forecasts of a 15% to 25%increase in annualized real GDP in Q3 2020. It is important
Heating, cooling degree days, natural gas prices…
Here is a nice chart from the EIA showing the relationship of heating and cooling degree days vs normal and natural gas prices:
EIA’s STEO Highlights…
The EIA released its Short Term Energy Outlook on Tuesday... Here are some highlights: EIA estimates that demand for global petroleum and liquid
The IEA’s Oil Market Report is out… IEA
Here are the highlights:
Delta Airlines, Monroe refinery… NYTimes
It seemed like a good idea at the time... Here is Clifford Krauss and Niraj Chokshi, NY Times: “Monroe, in Trainer, Pa., lost $114 million in the
Oil companies take back crude stored with U.S. SPR… Reuters
Oil companies are taking back oil they had stored in areas they had rented from the U.S. government... Here is Reuters: ”Since Aug. 1, the
US LNG exports remain low… EIA
Here is the EIA on US LNG exports: ”Global natural gas demand has declined in response to COVID-19 mitigation efforts. High natural gas storage
Soft commodities rally… WSJ
Kirk Maltais, Wall Street Journal, discusses the simultaneous rally in soft commodities, here... ”One key factor behind the unusual simultaneous