The EIA’s Short Term Energy Outlook shows a market mostly in balance through 2019... We know that won’t happen...
Brent, WTI time spreads take a different path… EIA
This chart is from the EIA’s Short Term Energy Outlook, release today: Strong refinery runs in the mid-continent and a major Canadian supply
Dr. Ed on yields…
Dr. Ed Yardeni explains the tug of war in the bond market: http://blog.yardeni.com/2018/08/tug-of-war-in-bond-market.html Reminder: check in on
Supply Chain Adjustments…
Clyde M. Russell, Reuters, has a nice piece, here, on the changing oil trade routes due to the China/US trade dispute and sanctions imposed on
Power Worth Less Than Zero… Bloomberg
Here is an excellent piece from Bloomberg on the spreading of negative power prices... ”With wind and solar farms sprouting up in more areas -- and
Vitol’s Ian Taylor… Financial Times
Interesting throughout...
Cross-Asset Correlation… CME
Despite the often quoted analysts who explain a price change in oil as a reaction to a change in the dollar, the CME’s correlation tool here, shows
WTI options update….
Here are some volume data for WTI options traded in the CME... July18 volume averaged 144,816 contracts per day, down 15.4% from July17... Year to
ERCOTexas surpassed all-time peak load in July… EIA
Here is what happened to the price: The link is here: https://www.eia.gov/todayinenergy/detail.php?id=36775