Crude Products

“America met 83 percent of its energy needs in the first six months of the year, department data show.”  Financial Post

Oil Recovers From Eight-Week Low After U.S. Inventories Dropped at Bloomberg.

“…oil inventories still remain at record highs for this time of year.”  BespokeWicked:  Oil supply/demand vs price:  Yardeni.

The Emerging Threat to Oil PricesWSJ.  (Google the title to read the entire informative piece.)

Yet, Gasoline prices remain ‘stubbornly high’ at Fuel Fix.  While crude oil is flush, products are tight:  Chartfest at BMO.

“Today, you’ve had almost a 50– or 40-per-cent increase in [natural] gas prices, but the offsetting decline in NGL pricing has effectively made average pricing for a gas-focused producer the same,” Mr. Mageau said. “You’re realizing the same price today as you were in April.”  Globe and Mail.

Pathetic electric car sales:  Green Car Congress.