refined products
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Oil and The Changing World Order
- October 11, 2020
- Posted by: Art Berman
- Category: The Petroleum Truth Report
24 Comments
Oil was responsible for the singular economic growth after World War II. It is the only thing that can prevent slow growth from becoming negative growth in that new world order.
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COMPARATIVE INVENTORY & OIL STORAGE REPORT SEPTEMBER 23, 2020 (2020-22)
- September 24, 2020
- Posted by: Art Berman
- Category: Oil Comparative Inventory
The message is clear: pay close attention to net imports and exports.
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COMPARATIVE INVENTORY & OIL STORAGE REPORT SEPTEMBER 17, 2020 (2020-21)
- September 17, 2020
- Posted by: Art Berman
- Category: Oil Comparative Inventory
The most positive and consistent take-away from this and recent oil storage reports is falling comparative inventory. There are, of course, substantial qualifications.
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Comparative Inventory & Oil Storage Report September 11, 2020 (2020-20)
- September 11, 2020
- Posted by: Art Berman
- Category: Oil Comparative Inventory
The most discouraging part of this week’s EIA report was the collapse of refinery intakes.
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Stop Expecting Oil and the Economy to Recover
- September 3, 2020
- Posted by: Art Berman
- Category: The Petroleum Truth Report
It is unlikely that either oil supply or demand will ever return to 2018 levels.
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Art Berman Newsletter: July 2020 (2020-6)
- August 5, 2020
- Posted by: Art Berman
- Category: Newsletter
Oil prices are stalled in the low $40s for WTi and mid-$40s for Brent. Producer behavior indicates that prices need to be lower.
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Comparative Inventory & Oil Storage Report July 30, 2020 (2020-14)
- July 30, 2020
- Posted by: Art Berman
- Category: Oil Comparative Inventory
There was plenty of good news in this EIA week’s storage report. That is the first time since the March price collapse that I can objectively say that.
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Comparative Inventory & Oil Storage Report July 22, 2020 (2020-13)
- July 22, 2020
- Posted by: Art Berman
- Category: Oil Comparative Inventory
The largest single cause for stock and comparative inventory builds was a large positive volume of unaccounted-for oil. I interpret that as a indication that crude owners expect lower prices in the near-term.
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Comparative Inventory & Oil Storage Report July 15, 2020 (2020-12)
- July 15, 2020
- Posted by: Art Berman
- Category: Oil Comparative Inventory
This week’s storage report showed the first substantial decrease in comparative inventory not only since the March price collapse but also since the beginning of 2020.
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Comparative Inventory & Oil Storage Report July 8, 2020 (2020-11)
- July 8, 2020
- Posted by: Art Berman
- Category: Oil Comparative Inventory
Oil demand is recovering but at a very slow pace. Diesel is the key and so far, diesel use has barely increased from its April minimum
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