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Summary Over the past six months, President Biden has drawn down one-third of the U.S. Strategic Petroleum Reserve in an attempt to lower WTI crude prices and ease consumers’ pain at the pump. The SPR is part of a longstanding multilateral agreement between the U.S. and 30 ...
Summary Most biofuels come from Brazil. Brazil produces about one million barrels per day of ethanol during its winter months there and none during its summer months. From January 2018 to June 2022, World Other Liquids, less Brazil, increased by two million barrels per day. Th...
Summary Yield and risk continue to disagree with the latter taking the cue to rise from the former. I believe this is unsustainable and will resolve itself in one-of-three ways. In scenario 1 of stagflation, EM shorts would lose as would gold and commodity short-positions. Tankers...
Summary June Non-OPEC production increased by 178 kb/d to 48,990 kb/d. The largest increases came from Russia, 510 kb/d and the U.S., 201 kb/d. The current spread between Western Canada Select (WCS) and WTI has increased to $25/b from a more typical $12/b to $17/b. Mexico ...
Summary U.S. July production increased by a minimal 12 kb/d to 11,800 kb/d. ConocoPhilips continues to pursue the Willow oil project in Alaska while NGOs oppose it. In August, a new oil field was discovered - a geological company confirmed the Wyoming deep discovery. The n...
Summary One of the key points I’ve been discussing for the past two years is that the commodity markets are facing a unique set of policy-driven imbalances. When it comes to shortages across the fossil fuel space, the multi-year low in oil inventories has been only temporar...
Summary Even if the political landscape were to become temporarily supportive, it would be too risky to invest in anything other than small projects with rapid paybacks. Regime Uncertainty is a pervasive lack of confidence among investors in their ability to foresee the extent to ...
Summary The Norway Petroleum Directorate reported that production rebounded from June to July to 1,664 kb/d and then rose to 1,773 kb/d in August. Guyana added an additional 30 kb/d of production in August to reach a new high of 390 kb/d. On September 23, 2022, WTI settled bel...
Summary Global refined oil product markets are on track to remain tight until mid-decade, with the global downstream industry facing significant near-, medium- and long-term challenges. S&P Global Commodity Insights forecasts that there are no quick fixes for the forces at pla...
Summary OPEC output increased by 618 kb/d in August after being revised higher in July 2022 by 37 kb/d and June 2022 output was revised up by 5 kb/d compared to last month’s MOMR. For the ordinary least squares trend for the October 2021 to August 2022 period for OPEC crude...
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2024-05-20 11:08:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-20 21:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-22 00:02:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...