Today in oil and natural gas markets:
While last month’s growth was the smallest monthly increase since April and bullish versus the group’s announced October hike of +137 kb/d, actualized output...
Global volumes of crude in stationary floating storage increased 10.84 million barrels (+12.7%) W/W to 96.12 MMb last week, lifting worldwide floating stocks into the top quartile of the 2016-2024 seasonally-adjusted distribution.
A closer look at fund managers' energy market futures and options positioning
Global floating crude stocks have increased by roughly 16% since the start of September, gaining from a ~13% deficit versus the 2016-2024 seasonal average to a ~7% surplus in the final week of October.
