very bearish eia report
inventories way up
imports way up
lower 48 production way up (190mbd)
refinery inputs and products way up
and wti way up---what the hell is going on?
from dallas--crude conundrum
Re: from dallas--crude conundrum
IMHO the news coming out of OPEC is more important than the weekly inventory reports (which are questionable anyway).
Recent increase in U.S. production more a result of the rush to complete DUC wells in Q4. That will slow a bit in Q1 + weather also slows down completions.
Recent increase in U.S. production more a result of the rush to complete DUC wells in Q4. That will slow a bit in Q1 + weather also slows down completions.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: from dallas--crude conundrum
Read this: https://www.investing.com/analysis/non- ... -200172106
Ellen Wald is super sharp and an expert on the global oil markets.
Ellen Wald is super sharp and an expert on the global oil markets.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group