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Wednesday, October 23, 2019

US Scores Second Week Of "Negative Net Imports" -- October 23, 2019

From a reader; information came in as a comment. Can't remember if I posted it. Too much going on.

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.

Or here: https://twitter.com/JavierBlas/status/1184851934924234759.
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.

The US exports comes on top of another huge US build in in oi inventories.


Boom, boom, boom -- Chevron CEO.

at

4 comments:

  1. Bakken OwnerOctober 23, 2019 at 9:06 AM

    Chinese need for natural gas...any insight on how to play the market on this one.

    ReplyDelete
  2. AnonymousOctober 23, 2019 at 11:41 AM

    Three in a row now: http://ir.eia.gov/wpsr/overview.pdf (see last line)

    ReplyDelete
    Replies
    1. Bruce OksolOctober 23, 2019 at 12:26 PM

      Amazing.

      "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.

      Delete

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