The Atlanta and New York Feds put out separate estimates of GDP using up to date information... On Friday, each estimate was revised lower due to the
US Oil Production…
These numbers are based on the weekly estimates from the EIA... Currently, US Oil production is at 9.235 mbd... Here is a long term chart of US
Debunking commodities as an asset class… WSJ, Campbell Harvey
Ira Iosebashvili and Timothy Puko report in the Wall Street Journal on Duke University's finance professor Campbell Harvey: "His next project is
Expected stock draws, IEA vs. OPEC…. Bloomberg
Bloomberg compares OPEC's outlook to the IEA's (from recent monthly reports): "The outlook for the current quarter is no clearer. The IEA sees
Nasser Bullish on Oil Demand… WSJ
From the WSJ: "In a discussion at the Center on Global Energy Policy at Columbia University, Amin Nasser, the top executive of Saudi Arabian Oil
Crude, gasoline, distillates days of supply, US… EIA
From the EIA's This Week in Petroleum, charts showing days of supply (stock levels divided by demand) indicate a "tighter" situation compared to last
A bear market by any definition….
From CarpeDiem:
IEA Supply/Demand Balance…
The IEA is looking for sharp draws in this quarter: With a caveat: "Another factor that could influence the market balance is revised
Some charts from the EIA’s Short Term Energy Outlook…
The EIA shows an expected world stock draw in 3Q17, but then 3 quarters of builds... However, this is against a backdrop of consumption increases of