Monday, June 27, 2022

EIA Won't Be Reporting Weekly Petroleum Data For The Foreseeable Future -- Systems Malfunction Affected Everything But The Natural Gas Fill Rate -- Strangely Enough — If You Believe The EIA, I Have A Bridge To Sell You -- June 27, 2022

This is pretty cool. All things being equal, the fact that the EIA "delayed" its weekly petroleum report will push the oil to new high. Traders know "something is up." So, what is WTI doing? 

WTI is up 2.2%, up $2.36, trading at $110.10 on the news that:

  • EIA won't be posting weekly data today
    • strange that the "systems" malfunction didn't affect reporting natural gas fill rate
  • OPEC has no spare capacity; OPEC is producing "flat out" -- French Macron after phone call to Mideast energy minister; 
    • since OPEC won't talk directly to Biden, he goes through his French intermediary

https://twitter.com/EIAgov/status/1541424400708280320.

Incredibly fishy. Occurs during G-7.

If this has ever happened before, no one is aware.

https://twitter.com/DoombergT/status/1541438324795138048.

https://twitter.com/Josh_Young_1/status/1541426184269008897.

https://twitter.com/staunovo/status/1541424375693512705

Time for API to start reporting concerns.

https://twitter.com/CouldBeMistaken/status/1541427499648688129.

Same IT service as Dept of Energy:

https://twitter.com/UrTokenCorgi/status/1541448556761972736.

Wow: school prayer:

https://twitter.com/SCOTUSblog/status/1541421786759413760

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