Implied volatility has picked up a bit from a recent low of around 32 to currently around 39... This makes sense... OPEC's recent failure to come up
What a 14.4 million barrel build looks like…
Yesterday's EIA release showed crude oil stocks building by a record 14.4 million barrels... From "This Week in Petroleum" here are two charts showing
Producer Prices in Asia… The Economist
From The Economist, producer prices are on the rise in Asia (or falling less quickly): "Steel prices have risen by nearly 50% this year. Production,
US production, consumption… EIA
In Today in Energy, the EIA has a couple of nice charts showing US energy production and consumption since 1908 (think Cubs)... This chart is through
RINS, biofuels… WSJ
Here is my take... Get rid of the ethanol program! (Do read the whole article)... "The price of the credits has skyrocketed
Dog bites man… WSJ
This is news? From the WSJ: "A weekend marathon of talks between major oil producers failed to finalize plans to implement an output cut,