Here is a chart showing expected supply/demand balances for oil from the IEA’s June Oil Market Report, via SeekingAlpha, here...
Fatih Birol comments on CNBC…
Here is the IEA’s Fatih Birol on CNBC: ”IEA Executive Director Fatih Birol told CNBC’s “Street Signs Europe” on Tuesday that a modest oil market
Huge stockbuilds to pressure margins… IEA via Reuters
Reuters summarizes today’s release of the IEA’s Monthly Oil Report, here... ”“Large implied product stock builds set the stage for a subdued margin
Options update…
Option volume is not crazy these days... After yesterday’s price downdraft, here is what happened (from the CME’s most active strike too)... Here
Days supply… EIA
For perspective, here is a long term chart showing days supply for US crude oil... Days supply is equal to stocks divided by daily demand...
Supply/Demand balance… EIA
Here a look at the EIA’s estimates for supply/demand for liquid fuels from This Week in Petroleum: ”Taken together, the faster recovery of global
Podcast: June 2020 Oil Market Analysis
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group
Air travel… WSJ
In today’s The Daily Shot, from the Wall Street Journal, here is a look at the recovery in air travel:
EIA’s monthly oil report is out…
We will discuss this report and other developments in oil markets in tomorrow’s podcast... But here is one nugget from today’s release of the EIA’s