Stock levels, days supply… EIA – Commodity Research Group

August 17, 2017 by Jim Colburn Leave a Comment

From the EIA’s This Week in Petroleum, here are oil and products stocks in perspective… First, stock levels compared to 5 year highs and lows:

Crude oil is making significant progress, while gasoline looks like a typical seasonal draw remaining close to 5 year highs… and distillates are still close to 5 year highs… “Days supply” compares stock levels to current demand… I have argued that even if stocks remain elevated, increased demand could result in an effective tightening of supplies (and, perhaps, moving prices up to the $50 area)…

Distillate and crude oil look better compared to last year, gasoline is about unchanged…

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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