From the EIA’s Today in Energy: ”U.S. net petroleum trade, including crude oil, petroleum products, and natural gas plant liquids, has fallen in
More on the Permian bottleneck from the WSJ…
Alison Sider and Bradley Olsen have a nice piece on pipeline congestion and bottlenecks getting oil out of the Permian here... The Midland-Cushing
A little history of WTI options…
A little history in WTI options: After a little more than two years of being listed, the WTI oil options contract showed us why it was so different…
Most active strike, WTI… CME
The CME’s excellent option tool here shows the most open interest in June $60 puts, now at 48,087... This is a “teeny” one, settling at $.24...
Venezuela’s oil production…Oilprice.com
Here is Julianne Geiger, Oilprice.com, reporting on OPEC’s monthly report (released Thursday): ”...Venezuela’s production fell by 55,000 barrels
The Aramco Accounts… Bloomberg
I didn’t see a byline but Bloomberg analyzes Saudi Aramco here... Yes, there will be interest in the IPO... “Using a rough measure of total oil,
Supply/Demand balance… IEA, EIA
Two charts from the monthly oil market reports of the International Energy Agency and the Energy Information Agency show how they differ
Oil glut?… WSJ
Here is the Wall Street Journal: ”Excess inventories of stored oil by the world’s industrialized economies are now at their lowest level in more
Supply/demand balance.. EIA
From the EIA’s Short Term Energy Outlook here... From this chart, the EIA sees mostly builds in inventories until 2019... The IEA and OPEC