From the EIA’s Today in Energy: ”As strong winter storms and cold temperatures blanketed the northeastern United States this January and increased
“We’re out of everything…”… Bloomberg
Mark Burton and Alex Longley, Bloomberg, quote a commodity analyst on shortages across the board, here.. ”Commodities trade in backwardation, where
Diesel vs. Gasoline
From the EIA’s This Week in Petroleum we can see the divergence in distillate and gasoline stocks… Some is seasonal, but distillate stocks do look
Ignoring the Surge in US Oil Output… OilPrice.com
From Alex Kimani, at the excellent OilPrice.com, here: ”In its latest commodity update dated Feb. 1, Standard Chartered says a surge in U.S. oil
Top 3 strikes…
For most of last year we pointed out how Dec22 $100 calls in WTI dominated open interest numbers by a wide margin… These are still by far the most,
Oil structure… Bloomberg
Alex Longley, Bloomberg, on oil structure: “The structure of the global Brent crude benchmark -- price spreads from one month to the next -- is the