Tag Archives: stockpiling

HO HO HO! Merry Christmas

How would you like some heating oil (HO) for Christmas?  Chances are you wouldn’t really like that too much, especially if you agree with this report posted on Morningstar.com that quotes, “Nobody would ever put oil in their house unless there was no gas on their street.” Despite the S&P GSCI Heating Oil (spot return) losing 12.7% this Read more […]

China’s Little (Or Not So Little) Secret

Below are some quotes from the latest Oil Market Report from the IEA that may overpower Chinese slowing demand growth – even with a surprise interest rate cut. “there is a degree of opacity” “The Chinese administration does not routinely disclose information… thus little up‐to‐date official information is available” “A particular uncertainty concerns the division between commercial and government storage” “unreported Read more […]