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Nuttall confirms HFIR that inventories should be balanced by end of Q4 The @IEA ignored me but here is someone else corroborating my math (pardon the arithmetic): 3MM bbl/d draw in Q4 vs. avg 0.5 = 2.5MM bbl/d excess draw X 92 days = 230MM Bbl excess draw. Current OECD glut vs. 5 year avg. = 215MM Bbls. Oil on water near norm. Getting bullish yet??? |
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| Msg # | Subject | Author | Recs | Date Posted |
| 292965 | Implied IEA Oil Supply And Demand Balance Suggests No Excess Inventories By Year End | coolreit | 2 | 10/16/2020 9:56:36 AM |
