The shipping situation keeps worsening with some early spill-overs to the energy space. It remains to be seen whether tankers will be redirected to the extent seen with containers, but the risk remains elevated.
EIA Nugget: Another STRONG demand week for Energy in the US
The energy demand is rebounding in the US and on some metrics we are reaching all time high. The supply side better remain strong. Here is our EIA Watch!
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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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Something for your Espresso: Gasoline Demand is BACK…
Ok, probably a bit of a baity headline since gasoline demand probably never left the building, except that the EIA weekly data suggested as much. That conclusion is now off the table again after yesterday’s figure, but now the weakness has moved to oil markets. Is that fair?
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