From John Kemp, Reuters: "Hedge funds remain cautious on the outlook for oil prices despite confident statements from Saudi Arabia that global oil
Podcast: June 2017 Oil Market Report – Commodity Research Group
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group
Drilling rigs, oil production bouncing back in North Dakota…. WSJ
North Dakota oil production is back up to 1.2 mbd... Here is the Wall Street Journal link:
Annual energy expenditures… EIA
From last week's Short Term Energy Outlook, U.S. energy expenditures as a share of GDP: This, of course, means more income to spend on stuff
Returning to earth… Atlanta Fed GDP Now
The Atlanta Fed's GDP Now forecast is down to +3.0%, still respectable, but down from an earlier
Supply/demand balance… EIA
From This Week in Petroleum, from the EIA, their expected supply/demand balance estimate: Note the stock draw expected this quarter and next...