Art Berman

Energy Blog

Comparative Inventory & Gas Storage Report: April 20, 2023 (2023-16)

By Art Berman | April 21, 2023

High LNG exports are affecting natural gas prices more than inventories for now.

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Oil Comparative Inventory

Comparative Inventory & Oil Storage Report: April 19, 2023 (2023-16)

By Art Berman | April 20, 2023

WTI Price has fallen from the upper limit of the Bollinger bands to the 20-day average since last week.

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Energy Blog

Comparative Inventory & Gas Storage Report: April 13, 2023 (2023-15)

By Art Berman | April 14, 2023

Forecasts don’t offer much hope that the present pattern of low gas pricing will change in April.

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Oil Comparative Inventory

Comparative Inventory & Oil Storage Report: April 12, 2023 (2023-15)

By Art Berman | April 13, 2023

WTI price has moved above the upper limit of the Bollinger bands so a correction is more likely than not.

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Energy Contrarian Featured Image

OPEC In Control and Other Dumb Memes

By Art Berman | April 8, 2023

The OPEC production cut was a call to action for analysts to disgorge a slew of shopworn memes rather than provide any useful insight or critical analysis that might help investors.

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Energy Blog

Comparative Inventory & Gas Storage Report: March 30, 2023 (2023-14)

By Art Berman | April 7, 2023

Natural gas is correctly priced in the low-$2.00 range based on the comparative inventory yield curve.

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Energy Aware II

Art Berman Newsletter: April 2023 (2023-4)

By Art Berman | April 7, 2023

The real global macro for low probability-high impact events seems to be greater than we previously thought possible.

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Oil Comparative Inventory

Comparative Inventory & Oil Storage Report: April 5, 2023 (2023-14)

By Art Berman | April 6, 2023

Oil price increase has stalled at the upper limit of the Bollinger bands and was unaffected by the bullish storage report this week.

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Energy Blog

Comparative Inventory & Gas Storage Report: March 30, 2023 (2023-13)

By Art Berman | March 31, 2023

Natural gas futures spreads suggest a more optimistic price outlook than front-month prices.

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Oil Comparative Inventory

Comparative Inventory & Oil Storage Report: March 29, 2023 (2023-13)

By Art Berman | March 30, 2023

Market fundamentals were mixed but sentiment seems to have repressed the banking crisis for now and has moved backs back to the China demand meme.

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Energy Blog

Comparative Inventory & Gas Storage Report: March 23, 2023 (2023-12)

By Art Berman | March 24, 2023

Degree day and consumption data suggest a lower-than-normal withdrawal and a C.I. increase in next week’s gas storage report.

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Oil Comparative Inventory

Comparative Inventory & Oil Storage Report: March 22, 2023 (2023-12)

By Art Berman | March 24, 2023

The range-bound price situation that dominated oil markets since late 2022 appears to have ended with much higher price volatility.

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