Energy Investing - Nuttall confirms HFIR that inventories should be balanced by end of Q4 - Energy Investing - InvestorVillage
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Msg  292960 of 299064  at  10/16/2020 9:41:19 AM  by

coolreit


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






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