Daniel Yergin (vice chairman of IHS Markit, is author of “The Prize” and “The Quest.”) discusses efficiencies in oil production that have reduced
Rebalancing is here… IEA
The IEA's monthly Oil Market Report is out... Here are some highlights: "It has taken some time for stocks to reflect lower supply when volumes
Global Oil Prices Jump, June OTM Calls still alive…
Oil prices are moving sharply higher... Here is the chart from barchart.com: And from the WSJ, here is why: "In a joint statement Monday,
Libyan Oil Output Creeps Higher… Bloomberg
From Bloomberg: "The OPEC member with Africa’s largest crude reserves is pumping more than 814,000 barrels a day, thanks partly to rising output
A contrarian view on oil…
In an otherwise bullish article from Bloomberg, "For Some, There's Never Been a Better Time to Buy Oil", there is this one opposite view: "There’s
Hedge Funds Run Out of Investment Ideas… Bloomberg
Stephen Gandel at Bloomberg Gadfly suggests that hedge funds have run out of ideas: "Wall Street's biggest loudmouths are apparently out of things
June 55 calls, WTI
The CME shows June $55 calls having 109,078 open interest! This is a huge number! These expire on May 17th and settled at $.02... Yesterday, 8,817
Some highlights from the EIA’s Short Term Energy Outlook…
Here are some highlights from the EIA's monthly Short Term Energy Outlook... This chart shows supply/demand balance expectations: Note that
New pipeline infrastructure should accommodate Permian oil production … EIA
Here is the EIA's "Today in Energy": "As crude oil production in the Permian Basin of western Texas and eastern New Mexico has increased, pipeline