The IEA reported today that oil stocks have dropped to a three year low... The Wall Street Journal reproduced this chart showing inventories compared
The Atlanta Fed’s GDPNow…
The Atlanta Fed’s GDPNowcast for 2Q is at +4.1%: While prone to significant revisions the Nowcast gives us a sense of how an economic data
Higher gas prices/retail sales… WSJ
Retail sales held up well in April, despite higher gasoline prices... Here is Sharon Nunn at the WSJ: ”Retail sales—a measure of spending at
Faith Birol, The Global Energy Outlook talks to Jason Bordoff.. Columbia Energy Exchange
From the Columbia Energy Exchange, here: ”On a new episode of Columbia Energy Exchange, host Jason Bordoff sits down with Dr. Fatih Birol,
OPEC oil production for April is up a little… OPEC
The table is from OPEC’s Monthly Oil Market Report, here... But, Venezuela’s oil production continues to deteriorate...
Ritholz speaks with Jim Chanos…
and it’s very good, here... Chanos is the famous short seller and founder of Kynikos Associates LP... Short selling, of course, comes naturally to
The Oxford Institue of Energy Studies covers oil benchmarks… May 2018
A very good discussion on oil benchmarks, including the new Shanghai contract is
Iran’s Oil Exports… Daily Shot (WSJ)
From The Daily Shot, WSJ, here is a possible scenario of Iranian oil exports: And, a bonus chart showing US net crude imports:
Basis risk in the Permian… WSJ
The price to oil producers in the Permian has collapsed compared to WTI... Here is Alison Sider and Ryan Dezember of the Wall Street Journal: ”In