By not including US oil in the tariff slate, the market remains competitive... Here is Bloomberg: “China’s original plan to target U.S. crude came
IEA’s Oil Market Report is out…
The IEA’s Oil Market Report is out... Here is what they say about demand from the summary (my bold): ”With so much focus on geopolitics in recent
Our August podcast on energy markets is up…
US oil, gasoline and distillate stocks… EIA
From the EIA's "This Week in Petroleum", these charts show how US stock levels compare to 5 year highs and lows:
Oil options udate…
Volume in WTI options picked up significantly yesterday and volatility moved up about a point to settle at 24.4 (second month out)... Not surprising
Supply/Demand balance… EIA
The EIA’s Short Term Energy Outlook shows a market mostly in balance through 2019... We know that won’t happen...
Brent, WTI time spreads take a different path… EIA
This chart is from the EIA’s Short Term Energy Outlook, release today: Strong refinery runs in the mid-continent and a major Canadian supply
Dr. Ed on yields…
Dr. Ed Yardeni explains the tug of war in the bond market: http://blog.yardeni.com/2018/08/tug-of-war-in-bond-market.html Reminder: check in on
Supply Chain Adjustments…
Clyde M. Russell, Reuters, has a nice piece, here, on the changing oil trade routes due to the China/US trade dispute and sanctions imposed on