Matt Smith at Fuel Fix does an excellent job outlining current issues in the oil market: (http://fuelfix.com/blog/2016/05/12/market-currents-crude-rally-unwinding-despite-bullish-iea-report/)…
Here are some charts he includes to show India vs. China demand growth:
And, this:”The IEA draws specific attention to lower production in Venezuela, Nigeria and Libya; our ClipperData show that loadings across the three oil producers are down 5% for the first four months of the year compared to 2015″:
Leave a Reply