Robust Oil

Oil Rises to Highest in One Week on Stimulus Speculation at Bloomberg.

Did you know Gasoline Costs In 2011 Hit Record Average of $2,850?  (John Hanger).  No wonder Lessons from the 2011 oil release are discussed (Financial Post).

U.S. crude oil production was higher by 13% in January thru June over 2011 (EIA).  Net petroleum imports were down 13% too (EIA).

Gas Supply Growth Set to Wane in 2013, Oil Wave Still Building at Raymond James.

Oil rigs were up and gas rigs down (Haynesville Play), especially in the Eagle Ford (E/F Play).  Perhaps he’s on to something: A Simmon’s analyst asserts natural gas needs the oil price to be lower at Barron’s (google the title to read the whole article).

Russian oil production hits post-Soviet record at the Telegraph.  Meanwhile, the Russians are fearful shale gas with end their energy stranglehold over Europe.

Pent up demand exits in Japan:  Platts.

Crude Oil Weekly Technical Outlook at Oil N Gold.