Bill McBride at Calculated Risk summarizes 4Q GDP expectations: “From Merrill Lynch: The strong retail sales data provided a 0.3pp boost to our 4Q
Wall Street Wises Up to the Folly of Forecasting… Bloomberg
Barry Ritholz at Bloomberg takes down economists’ forecasts: “One economist says what should be obvious: Making predictions only means you will be
Top ten producers… EIA
From Today in Energy: The article is actually about the increase in production from Brazil’s pre-salt regions: ”Pre-salt resources were
OPEC vs. IEA, dueling forecasts… Bloomberg
The IEA and OPEC released their monthly situation and outlook reports this week... Here is Bloomberg on how they differ: “They live in the same
The Jones Act Serves No Purpose…. Blooomberg
Do read the whole thing here... ”In 1960, there were nearly 3,000 U.S.-flag oceangoing vessels -- 17 percent of the world fleet. By 2016, there
Total supply growth could exceed total demand growth…. IEA
Here is the IEA from this month’s Oil Market Report released today: “On considering the final component in the balance - non-OPEC production - we
US inventories compared to 5 year average… EIA
These charts from the EIA’s This Week in Petroleum compare current stock levels to the 5 year range:
A mostly balanced market in 2018… EIA
From the EIA’s This Week in Petroleum: “The U.S. Energy Information Administration's (EIA) December Short-Term Energy Outlook (STEO) expects global
Gasoline, diesel days supply… EIA
Here is more from the EIA’s Short Term Energy Outlook: ”High demand for both gasoline and distillate resulted in each petroleum product’s days of