storage
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How High Will Oil Prices Go? What the Market Knows
- December 1, 2020
- Posted by: Art Berman
- Category: The Petroleum Truth Report
17 Comments
The market knows that investment is needed immediately. The consequences of ignoring what the market knows may be economically disastrous for a struggling world economy.
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ART BERMAN NEWSLETTER: OCTOBER 2020 (2020-9)
- November 4, 2020
- Posted by: Art Berman
- Category: Newsletter
What the yield curve tells me is that there is little likelihood that oil prices will increase to much above $45 on a sustained basis until the market changes its sense of supply urgency. Until that happens, the yield curve provides good opportunities to play the excursions.
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COMPARATIVE INVENTORY & NATURAL GAS STORAGE REPORT SEPTEMBER 25, 2020 (2020-17)
- September 25, 2020
- Posted by: Art Berman
- Category: Gas Comparative Inventory
What is unclear is whether or not recent movements represent another just excursion or a more permanent change in the C.I. vs price relationship.
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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 & NATURAL GAS STORAGE REPORT SEPTEMBER 12, 2020 (2020-15)
- September 12, 2020
- Posted by: Art Berman
- Category: Gas Comparative Inventory
Price excursions are a source of considerable self-doubt and this one has been extraordinary. The fact that it appears to be going the way of many others as I advised gives me little comfort. This is not over.
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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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Comparative Inventory & Oil Storage Report September 3, 2020 (2020-19)
- September 3, 2020
- Posted by: Art Berman
- Category: Oil Comparative Inventory
This week, things were scrambled by the effects of Hurricane Laura
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Comparative Inventory & Oil Storage Report August 27, 2020 (2020-18)
- August 27, 2020
- Posted by: Art Berman
- Category: Oil Comparative Inventory
It took 4.5 years after 2008 Financial Collapse for U.S. refined product use to recover. The magnitude of the 2020 consumption collapse is far larger than that in 2008.
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Comparative Inventory & Oil Storage Report August 20, 2020 (2020-17)
- August 20, 2020
- Posted by: Art Berman
- Category: Oil Comparative Inventory
This week’s storage report is an excellent example of why a single-pointed focus on crude oil is misguided.