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Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
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I see consultancy in your future, move over Hightower!
Just saw this comment which surprised. Took a look at your tableau but didnt see any export info. "In 2016, the U.S. exported 9 time more petroleum products than crude oil. Keep that in mind."
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
Well in terms of crude oil stocks, none really, the stocks are what they are. In the big picture though it means we continue to import crude oil, even if it is only to increase refinery utilization, and then export the produced products. Which I suppose points to how effective US refining is.
Interesting, as my understanding was that Crude Oil stocks were at record high levels because of US shale producers. That was cited as a potential factor for which OPEC cuts did not appear to have a material impact on stocks.