Energy Market Assessment 3/23/17 Crude Oil Up Is Helping Most Miss U.S. Oil Inventory Has Peaked Figure 2 U.S. Total Oil Inventory (excluding Strategic Petroleum Reserve) of Crude Oil and Petroleum Products (Src: Department of Energy Data) Million Barrels . . . . Despite all the reports of rising production, this oil Continue reading →
Energy Market Assessment 3/21/17 Winter Delightfully Mild Is Deflating But Also Stimulating Consensus-Beating UP Figure 11 Average East Coast Spot Distillate Oil Price and Heating oil closing futures price since 12/14/15 (Src: Platt’s Oilgram data and NYMEX via WSJ) $’s per barrel Continue reading →
Energy Market Assessment 3/16/17 Seasonal And Developing World Expansion Driving Up Need More Oil Figure 11 U.S. Total Oil-Product Exports, Latest weekly and 4-weeks moving averages (Src: Calculated from U.S. Department of Energy data) Million barrels per day
Energy Market Assessment 3/17/17 Much To Be Done And More Learning To Produce Needs More Oil & Natural Gas Figure 11 Rotary Rigs Running in parts of the world (Calculated from Baker Hughes data) Rigs running per month