I’m not sure the headline is news, perhaps “oil traders agree” would be the “man bites dog” version... But here is the bottom line: “You’ll see oil
4Q US oil inventories… WSJ
This chart comparing 4Q inventory change is originally from Reuters (Kemp)... Here is the WSJ link...
Gasoline demand to fall, petchems keep rising… Wood Mackenzie via Bloomberg
Boomberg reports on a Wood Mackenzie piece here: “Global oil demand growth will slow to a crawl and gasoline use will peak within the next decade,
Crude, product exports reach record levels 1st half of year… EIA
The EIA discusses crude oil and product exports in this issue of Today in Energy... “Crude oil exports in the first half of 2017 increased by more
US oil production expected to reach record levels in 2018… EIA
This is from the EIA’s Short Term Energy Outlook released last week: “EIA forecasts that U.S crude oil production will average 9.4 million barrels
A hedge for China…
From Reuters: ”China is offering to buy up to 5 percent of Saudi Aramco directly, sources said, a move that could give Saudi Arabia the flexibility