Focus On Fracking — September 18, 2023

Locator: 45686FRACKING.

Link here.

“However, since last week’s “unaccounted for crude oil” figure was at [+1,198,000] barrels per day, that means there was a 1,183,000 barrel per day difference between this week's ​modest oil balance sheet error and the EIA's ​much larger crude oil balance sheet error from a week ago,”

“US oil imports at a 4 year high, oil production at a 41 month high; global oil supply was 1,360,000 barrels per day short of global demand in August as OPEC's output was 816,000 barrels per day below the level they said they'd cut to.‘

WTI trending toward $92 this a.m.

First Monday in a long time in which WTI could open in the green?

Recession-obsession. Energy stocks reflect anticipated action by the FED more than price of oil. Not entirely accurate, but it seems as WTI increases, CVX drops.

Auto manufacturers facing prolonged UAW strike are doing better than energy.

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.  

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.