. . Market Sentiment Watch: Market and energy eyes on Covid and lockdowns (France and German announced new ones yesterday). In today’s post please find: the oil inventory review (mixed bag – the crude build was smaller than year ago, refiner through didn’t drop as some feared, exports jumped, and distillate stocks continued rapidly back […]
. . Market Sentiment Watch: Laura – came ashore as a Cat 4 just after midnight near Lake Charles. Baytown, Port Arthur, Beaumont appear to have dodged the worst of it meaning a majority of the U.S. Gulf Coast refining complex should be OK (don’t know about restart timing yet – should hear today or […]
. . Market Sentiment Watch: Harvard says 34 states should not travel; market appears to be concerned about rising Covid numbers. Market is concerned about coming July nonfarm payrolls at the end of next week. More late stage vaccine trials are getting underway. Valero highlighted rising refined product demand. In today’s post please find: the […]
. . Market Sentiment Watch: Parts of Germany have reopened. Parts may need to be reshut but the country is looking to reopen borders by mid June, Parts of Italy are reopening faster than previously expected. In today’s post please find: the oil inventory review (better than expected report on the whole, net imports at […]
. . Market Sentiment Watch: Cautious market looking for a bounce after posting the worst single day loss in two years. In today’s post please find the early read on oil inventories, the very early read on natural gas inventories (consensus looking for a withdrawal modestly above last week’s pull as expected), comments on the […]
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