Monday morning, oil, natural gas:
- oil
- Brent: up 2.02%; up $2.26; trading at $114.00
- WTI: up 1.8%; up $1.94; trading at $108.90;
- prices are now back to where they were prior to Biden's announcement to release SPR
- natural gas: contango. $8+ in January, 2023; right now: $8.00; up 9.3%
- oil, gasoline: somewhat unvarying during the seasons, at least compared to natural gas;
- natural gas: quite seasonally variable
- and, so it goes
- crude oil, one major exception: very seasonal in Mideast
Saudi crude oil exports: previously posted in graphic form; now the article;
Saudi crude oil exports jump to highest level since April, 2020
reminder: global lock downs began March, 2020
- Saudi crude oil exports jumped to 7.307 million barrels per day in February.
- Saudi crude oil exports topped the 7-million-bpd mark for the first time since the start of the pandemic.
- JODI: Saudi crude oil and oil products closing stocks in February rose by 316,000 bpd to 235.8 million barrels.
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Easter Sunday, 2022
Levi, Judah and their dad.
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