The weekly freight rate print just landed with the first negative weekly change in almost two months. Let’s delve into the data.
Energy Watch: Red Sea situation is worsening with spill-overs to energy
Iran is now more directly getting involved in the Red Sea after another week of freight rate increases. We are now seeing spill-overs to parts of the energy space.
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EIA Watch: ALL TIME HIGH Oil demand, but so what?
The EIA report shows extremely solid demand (as we anticipated for November) but yet price action is not supportive at all in the energy space. What is wrong?
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EIA Watch: September weakness was fake news. Time to buy oil?
The latest EIA report once again shows that September was just a data glimpse, and that oil demand is still going relatively strong in the US. Long oil a bet for the last month of 2023?
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EIA Watch: Oil demand up, Fuel demand down..
The EIA demand data remains volatile and slightly out of whack with actual congestion trends. Oil demand has rebounded while new weakness is seen in transportation fuels.
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OPEC & EIA nugget: A day of reckoning ahead for Oil
The monthly report from OPEC and the weekly report from the EIA are both out later today. A day of reckoning for oil markets and we see a decent risk/reward in betting on a price bullish surprise.
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Oil Watch: OUCH!
The weekly EIA report revealed seasonal weakness in the demand for Gasoline, but how big of a deal is it? We have taken a deep look at the numbers and only have one word available. “Ouch!”
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