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WTI Tumbles On Biggest Crude Build In 19 Months

WTI Tumbles On Biggest Crude Build In 19 Months Modest overnight gains following API’s data have been erased as DOE reports a massive surprise (biggest since March 2017) crude build… “We’re right in the middle of refinery maintenance season and you’ll probably see a lot of demand coming offline,” says Michael Loewen, a commodities strategist at […]

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Australia’s oil stock coverage on record low

Australia’s oil stock coverage on record low In prime time evening news of the Australian public broadcaster ABC TV, on 21 June 2017, the business presenter Alan Kohler tried to explain a fall in oil prices by “record oil inventories around the world” http://www.abc.net.au/news/business/kohler-report/ Well, let’s go around the world on a map and stay […]

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Oil Prices Fall Fast On Huge Inventory Build

Oil Prices Fall Fast On Huge Inventory Build Two hundred and twenty-two years after Josiah G. Pierson patented the rivet machine, and the oil market remains as riveting as ever. (I’m here all week, folks). After yesterday’s API report gave a flourishing hat-tip towards a large build to crude stocks and a large draw to […]

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BP’s Stunning Warning: “Every Oil Storage Tank Will Be Full In A Few Months”

BP’s Stunning Warning: “Every Oil Storage Tank Will Be Full In A Few Months” It was just last week when we said that Cushing may be about to overflow in the face of an acute crude oil supply glut. “Even the highly adaptive US storage system appears to be reaching its limits,” we wrote, before plotting Cushing […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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