The excess supply glut been helped recently by unplanned outages and we still don't know how aggressive Saudi Arabia's production/pricing policy will
Market Currents… Matt Smith, Fuel Fix
Matt Smith at Fuel Fix does an excellent job outlining current issues in the oil market:
Pension funds stick with hedge funds… Reuters
From Reuters (http://mobile.reuters.com/article/idUSKCN0Y12I0), I would have thought the opposite based on the bad press hedge funds have been getting
Total vehicle miles traveled, FHA…
From the Federal Highway Administration via Carpe Diem (https://www.aei.org/publication/blog/carpe-diem/):
IEA, a contrary indicator?
January 19, 2016, Bloomberg reports, quoting the IEA: "“While the pace of stock-building eases in the second half of the year as supply from non-OPEC
IEA Oil Market Report Summary…
The IEA released it's monthly Oil Market Report today... Demand was up 1.4 mbd in the 1Q16: "Global oil demand growth for 1Q16 was revised upwards
More Nigerian Oil Disruptions… WSJ
The outages just keep coming: "Royal Dutch Shell PLC on Wednesday said its exports of Nigerian crude oil had been significantly disrupted, adding to
Passenger travel vs. income…EIA
It's what you would expect but here is the chart: Here is the link: http://www.eia.gov/todayinenergy/detail.cfm?id=26192
Unplanned production outages…EIA
In yesterday's Short Term Energy Outlook, the EIA published updated charts of unplanned outages by OPEC and non-OPEC: Unplanned outages from OPEC