-Heart of US refining sector expecting 110mph winds and a foot of rain. -With natural gas in play, Germany steps in to Turkish-Greek disputes. Crude oil prices were on the rise as dual storms in the Gulf of Mexico bared down on the large concentration of refineries and shale wells in PADD 3. US forecasters … More The Daily Dose; Laura Puts PADD 3 in Her Sights.
-IEA serves up something for everyone -The market has a very, very short memory. Crude oil prices softened in early morning trading on Thursday after the International Energy Agency lowered its forecast for demand for the first time in several months. Global supply, the agency said, is expected to fall, through refinery intake is recovering. … More The Daily Dose; The Tale of Two Markets.
-US-Chinese trade war to resume -Saudi flotilla threatens to reverse US oil storage trends Technically, crude oil prices are showing a rebound in global demand. The contango structure, where the futures contract is priced higher than the spot price, is tightening, signaling oversupply concerns are fading. An examination of US road traffic shows increased mobility … More The Daily Dose
The GERM Report 