I’ve been using Worldometer to track the virus... Despite all the measurement problems across the world, perhaps we are seeing some progress...
Some oil charts… WSJ
Ryan Dezember and Vipa Monga, Wall Street Journal, have a nice piece today, here, “North America’s Industry is Shutting Off the Spigot”, including
May/June WTI spread collapses, again…
Here is the chart from Barchart.com... May/June declined by $.98 on Thursday... Lots of spread options are going in the money... Open interest on the
US distillate stocks remain relatively low… EIA
From the EIA’s “This Week in Petroleum”, US petroleum and product stock levels... Distillates actually look tight...
Supply/Demand balances… EIA
Here s a nice chart showing supply/demand forecasts and inventory builds from the EIA’s excellent Short Term Energy Outlook:
Difficult times for price forecasting…
Here is the EIA’s Short Term Energy Outlook, released yesterday, projecting future oil prices... Note the 95% confidence interval: