Relevant and even prescient commentary on news, politics and the economy.

SPR and Distillates Low, Global Oil Surplus in April, Natural Gas Rigs High

RJS: Focus on Fracking Summary: Strategic Petroleum Reserve at a 21 year low, distillates supplies at a 17 year low; 300,000 bpd global oil surplus in April, despite loss of 1.2 million bpd from Russia & Kazakhstan; natural gas rigs at a 32 month high..   OPEC’s Report on Global Oil for April Thursday of […]

Daily Global Oil Surplus despite OPEC Production Short Fall

RJS Summary; Global oil surplus at 710,000 barrels per day in March despite OPEC’s 821,000 barrel per day production shortfall OPEC’s Report on Global Oil for March Tuesday of the past week saw the release of OPEC’s April Oil Market Report, which includes details on OPEC & global oil data for March, and hence it gives us […]

Despite OPEC shortfall, first global oil surplus of 360,000 barrels per day

RJS, Focus on Fracking; Oil prices went on another wild ride, but i’m going to copy what I wrote on the monthly OPEC report here. The oil surplus, albeit small, surprised me. If it was going to happen, it would be during the winter for most of the planet’s driving population. Note this is for […]

OPEC’s January Oil Market Report

RJS: Focus on Fracking December global oil shortage was 1,240,000 barrels per day as OPEC output was 625,000 barrels per day short of quota; global oil shortage for 2021 was 1,446,300 barrels of oil per day. Tuesday of this week saw the release of OPEC’s January Oil Market Report, which includes OPEC & global oil data […]

Global Oil shortage at 1,930,000 barrels per day in October

Blogger RJS, MarketWatch 666 and Focus on Fracking, Global Oil Shortage at 1,930,000 barrels per day in October as OPEC’s output falls 588,000 barrels per day short of quota OPEC’s October Oil Market Report Thursday of this week saw the release of OPEC’s November Oil Market Report, which includes OPEC & global oil data for October, and […]