People Just Aren’t Concerned Enough About This – ValueWalk Premium

People Just Aren’t Concerned Enough About This

Any disruption at this point will lead to significantly higher prices for oil…

Q3 2022 hedge fund letters, conferences and more

“Davidson” submits:

  • US Crude Production declines 0.1mil to 11.9mil BBL/Day, Total US Crude Inv rises 2.1mil BBL(working inv rise of 9.9mil and 7.7mil decline in SPR) on a surge in imports of 1.8mil BBL/Day(12.6mil BBL/Week), Fudge factor 0.9mil BBL/Day(4.9mil BBL/Week)
  • US Gasoline Inv rises 2.mil BBL, Jet Fuel and Diesel Inv decline as US Exports of Refined Prod continue to rise. Refinery Input fell 0.3mil BBL/Day

US reliance on imports offset the decline in Total Crude Inv in this report. Refined Product Exports continue to climb. A stall in the Baker Hughes Rig count for several months may be responsible for the decline in US Crude Production.


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