Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group
Distillates supply/demand tightens..
From “This Week in Petroleum” here are current distillate stocks: And, compared to daily demand: Here is the price of heating oil
Fed Watch… Tim Duy
Professor Tim Duy, Professor, University of Oregon, from his FedWatch report: “Big data week ahead that ends with the employment report for
China, Bitcoin… The Economist
Despite a crackdown in bitcoin trading by China, the crypto currency has not totally collapsed... Here is a chart from The Economist: Here is
Interest rate risk to increase… FT Alphaville
FT Alphaville suggests Fed policy could bring volatility back to interest rates here... Do read the whole thing... Here is a chart of interest rate
Electric car blitz…. Bloomberg
David Welch, Bloomberg: "Here are two facts that defy logic: By the end of the year, electric-car maker Tesla Inc. will have burned through more
Hedge funds amass record bullish position in distillates… Kemp
John Kemp summarizes hedge fund positions in energy contracts here... These numbers are released Friday afternoons and are good as of the previous
Aramco listing reshapes Saudi Arabia’s OPEC oil policy… Reuters
Rania El Gamal and Alex Lawler, Reuters discuss the Saudi's oil policy here... "Late last year, Saudi Arabia tried to get fellow oil producers
Selected charts from “This Week in Petroleum”… EIA
Crude oil stocks are around the 5 year average: Production has snapped back from effects of Harvey (exports soared last week to around 1.5 mbd