Here are some charts from the EIA’s This Week in Petroleum showing stock levels and days supply (stocks divided by demand): Crude stocks are now
Podcast: December 2017 Oil Market Report – Commodity Research Group
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group
Post OPEC price weakness…
This is probably the main reason oil prices are weaker since last week’s OPEC meeting, from Reuters: ”“Oil prices are continuing to crumble,” said
Stock market sector correlation is low… Business Insider
Here is Business Insider: “It shows that intra-sector correlation — or the degree to which industries in the benchmark S&P 500 index trade
Global Earnings Hit a Record High… WSJ
Based on earnings per shares and only going back to 2001... Here is the Wall Street Journal: “The earnings-per-share of a FactSet index of over
MIT Suggests US Overstates Oil Output Forecasts… Bloomberg
I think this kind of story is more likely to come out near market tops than market bottoms... We’ll see... Here is Bloomberg: “But now, researchers
OPEC is watching this chart closely…
From the EIA, here is a chart of US oil production:
Inflation?
Today’s economic release of the PCE price index shows inflation is still below the Fed’s target of 2%: An evidence based Fed policy would not
US Gasoline imports vs exports… EIA
From the excellent This Week in Petroleum put out by the EIA: ”Despite record high gasoline consumption, the United States is on pace to