---
title: "Oil & Gas"
url: https://independentstockanalysis.com/oil-gas-4/
description: "Oil Trades Below $90 a Barrel a Third Day on Supply Gain at Bloomberg . US, Europe face distillates shortages heading into winter: BofA Merrill Lynch at…"
published: 2012-07-25
updated: 2012-07-25
---

# Oil & Gas

Published 2012-07-25

Posted on

by

J.J. Butler

Oil Trades Below $90 a Barrel a Third Day on Supply Gain at [Bloomberg](http://www.bloomberg.com/news/2012-07-24/oil-falls-from-two-day-high-in-new-york-as-crude-supplies-climb.html).

US, Europe face distillates shortages heading into winter: BofA Merrill Lynch at [Platts](https://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6492841). Also, gasoline stocks are at the low of their five year range, though crude inventory is quite high.

Pop quiz: Is this bullish or bearish? “China’s apparent oil demand* fell for the first time in three years in June, dropping 1.9% year on year…” [Platts](http://platts.com/PressReleases/2012/072312)

“North Dakota Department of Mineral Resources director Lynn Helms says as much as 40 percent of the state’s oil exports are being shipped by train” at [Fuel Fix](http://fuelfix.com/blog/2012/07/24/oil-producers-using-trains-to-hunt-for-best-price/). How Indian Farmers are Making Millions from the Fracking Boom at [Oil Price](http://oilprice.com/Energy/Energy-General/How-Indian-Farmers-are-Making-Millions-from-the-Fracking-Boom.html).

“It is telling that even as near-term gas futures have risen sharply, prices further out haven’t. No sooner will we be through this scorching summer than gas bulls will be praying for a freezing winter.” You’ll have to google the title at the [WSJ](http://online.wsj.com/article/SB10000872396390443295404577547301738888744.html).

“Total output from shale formations in the continental U.S. averaged 25.58 billion cubic feet a day in May, 24 percent higher than a year earlier…” [Fuel Fix](http://fuelfix.com/blog/2012/07/24/u-s-says-shale-gas-output-rose-24-in-may-from-year-earlier/) Search for liquids pushes US gas out put higher at [Petroleum Economist](http://www.petroleum-economist.com/Article/3063170/News-and-Analysis-Archive/Search-for-liquids-pushes-US-gas-output-higher.html).

“In spite of a significant drop in Barnett Shale rig activity as a result of the low price of natural gas, production has remained relatively stable…” [SNL](http://www.snl.com/InteractiveX/Article.aspx?cdid=A-15354555-12844)