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December 14, 2017

The Jones Act Serves No Purpose…. Blooomberg

Do read the whole thing here... ”In 1960, there were nearly 3,000 U.S.-flag oceangoing vessels -- 17 percent of the world fleet. By 2016, there

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December 14, 2017

Total supply growth could exceed total demand growth…. IEA

Here is the IEA from this month’s Oil Market Report released today: “On considering the final component in the balance - non-OPEC production - we

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December 13, 2017

US inventories compared to 5 year average… EIA

These charts from the EIA’s This Week in Petroleum compare current stock levels to the 5 year range:

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December 13, 2017

A mostly balanced market in 2018… EIA

From the EIA’s This Week in Petroleum: “The U.S. Energy Information Administration's (EIA) December Short-Term Energy Outlook (STEO) expects global

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December 13, 2017

Gasoline, diesel days supply… EIA

Here is more from the EIA’s Short Term Energy Outlook: ”High demand for both gasoline and distillate resulted in each petroleum product’s days of

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December 13, 2017

Saudi/Venezuela oil exports to US, Motiva, Citgo decline… EIA

There are plenty of nuggets in the EIA’ Short Term Energy Outlook released yesterday: “Venezuela’s crude oil production has declined since 2016

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December 12, 2017

The Forties pipeline system is in controlled shutdown.. Reuters…

From Reuters: ”The U.K. link is critical because flows through it make up the single largest constituent part of so-called Dated Brent crude, which

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U.S. refineries running hell-for-leather

December 11, 2017

U.S. refineries running hell-for-leather

Andrew Lebow, senior partner at Commodity Research Group, appeared on BNN to talk about the latest energy inventory numbers. It's no wonder gasoline

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December 11, 2017

BP shifts to natural gas…

From the Houston Chronicle: ”BP is shifting from crude oil toward cleaner-burning gas projects in developing parts of the world as it seeks to

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