Andy and I discuss current supply/demand situation in energy markets... Errata: Note that I mention an IEA number of 1.9 million which refers to the
Chinese oil imports… EIA
The EIA's special article in "This Week In Petroleum" discusses Chinese oil imports.. Here is what I found interesting: "Growth in China’s total
Traders selling storage assets… Reuters
"Since January, Glencore, Vitol and Gunvor have completed or have been seeking to sell parts of their holdings in storage firms.". This is from
Iran struggles to expand oil exports… Reuters
Reuters reports that Iran will have trouble growing exports now that oil in floating storage is depleted and foreign investment for developing oil
US energy consumption… Today in Energy
The always excellent "Today in Energy" on energy consumption in the US: There is more, do read the whole article...
Oil Watchers See Little Gains for 2017..WSJ
Georgi Kantchev of the Wall Street Journal summarizes bank analysts' views on oil price here... "Analysts expect oil prices to stay below $60 a
Why We Think We’re Better Investors Than We Are… NYTimes…
Larry Belsky, NY Times lays out the behavior economics reasons why we are not as good as we think here... Belsky suggests these are worth mention:
US Oil Producers increased investment… EIA
The EIA's "Today in Energy" has some nice charts showing producer investment and cash returns: And while I'm not sure what the CFTC's exact
Dueling GDP nowcasts, revisited
GDP Nowcasts from the New York and Atlanta Feds were updated today... New York estimates 1Q GDP at +2.9%, Atlanta is at +.9%! 2.9 vs .9!