Chart book… – Commodity Research Group

April 14, 2016 by Jim Colburn Leave a Comment

Here are some charts from recent EIA publications.. The first three are from This Week in Petroleum (http://www.eia.gov/petroleum/weekly/), showing stock levels in crude oil, gasoline and heating oil:

Crude oil stocks built last week, but should soon see seasonal draws as refiners come back online:

The decline in gasoline stocks is a steep one, but seasonal, reflecting strong gasoline demand:

Distillate demand is running 12% below last year YTD and 7% below last year based on the 4 week average:

Despite the recent price rally in crude oil, the EIA’s Short Term Energy Outlook (http://www.eia.gov/forecasts/steo/) estimates that supply/demand for oil are still not expected to come into balance until the 2nd half of 2017:

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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