From This Week In Petroleum: “As the Brent-WTI spread began widening to average $5/b in the first five months of 2018 and $9/b on June 1, East
OPEC’s Monthly Oil Report summary…
From OPEC’s Monthly Oil Market Report (released Monday), here is their look at their expectations for world supply/demand:
US refineries running at near-record high… EIA
The EIA’s Today in Energy has a nice informative piece on US refinery runs: “For the week ending July 6, 2018, the four-week average of U.S. gross
Hedge funds cut net length in energy… Kemp, Reuters
John Kemp, Reuters, compiles CFTC data to construct a chart showing long liquidation by funds: ”Hedge funds resumed their liquidation of
Rising costs for US oil producers… WSJ
Rebecca Elliott and Bradley Olson, Wall Street Journal, write about rising costs for oil producers here... “American oil companies—primed to reap the
Turkey, Russia, Argentina vs. US dollar… WSJ
The Wall Street Journal’s Daily Shot shows the three currencies under intensive pressure: Here is Turkey: And, Russia: