IEA Monthly Oil Report Summary…. Reuters

June 11, 2021 by Jim Colburn Leave a Comment

Noah Browning, Reuters, summarizes the report, here…

““OPEC+ needs to open the taps to keep the world oil markets adequately supplied,” the Paris-based energy watchdog said, adding that rising demand and countries’ short-term policies were at odds with the IEA’s call to end new oil, gas and coal funding in a stark report issued last month.”

The widely reported and market influential IEA monthly report may give us a clue to how much bullishness is baked into the market already… I’ll be looking for out of the money call and out activity in options markets…

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