From the reader:
US had second week of negative net imports of crude and products. I.e. net exports.
See bottom page 1: http://ir.eia.gov/wpsr/overview.pdf.This is interesting. There is talk that by 2025 or thereabouts -- this was reported a long, long time ago and I've long lost the bubble -- that Saudi Arabia would become a net importer of oil.
Or here: https://twitter.com/JavierBlas/status/1184851934924234759.
The US exports comes on top of another huge US build in in oi inventories.
Boom, boom, boom -- Chevron CEO.
Chinese need for natural gas...any insight on how to play the market on this one.
ReplyDeleteAbsolutely no idea.
DeleteThree in a row now: http://ir.eia.gov/wpsr/overview.pdf (see last line)
ReplyDeleteAmazing.
Delete"One swallow does not a spring make...." but three in a row ... LOL.
I'm starting to see a trend here. And to think Elizabeth Warren et al want to ban fracking.