OPEC Spare Capacity

Where will the extra supply come from?

Global onshore crude oil inventories

Oil is now trading below the modelled price. 

Tanker Attacks Vs. Hormuz Oil Flows

Tanker attacks increasing. 

Oil Inventories

Oil inventories are down. 

Commercial oil shorts

No shorts, oil headed higher.

Comparative inventory crude oil

Comparative inventory is the inventory compared to the 5 year average and it's down. Oil should be up.

JKM-TTF Vs. TTF Gas Price

There is a positive correlation between JKM-TTF vs price. This is because Asia is the major actor in the price setting mechanism.

TTF gas fill level

Not looking good for fill levels TTF gas. 

TTF Gas and Brent Positioning

TTF gas positioning is bullish. 

Brent positioning is bullish.

Comparable oil inventory

Inventories are drawing down. 

China stockpiling oil

China has started stockpiling crude oil at $100 oil.

But not refining that much.

Oil Inventory

These two WTI $100/bbl are not the same. 

Yardeni SP500 Outlook

New:

Old:

Global onshore crude oil inventory

Oil is going higher. 

China Holiday: Golden Week

China'll be back! 

COFER: USD allocation drops

USD dropped a bit. 

Deutsche Bank Copper Target

Deutsche Bank expects copper to rise to $10/lb. 

Yield Curve Vs. GDP Growth

The yield curve is a leading indicator for GDP growth. 

Gold Vs. Oil

Gold front runs oil.

Onshore oil inventories Vs. Brent Oil

There is a correlation between onshore oil inventories and Brent oil.