Oil Situation

Oil Situation

“Davidson” submits:

US Oil Production rose by 70,000 BBL/DAY

Imports rose to new high of 9.37mil BBL/DAY

Delbrook Resource Opportunities Remains Commited To Precious Metals After 4.2% Loss

Precious MetalsThe Delbrook Resource Opportunities Master Fund LP declined 4.2% in September, bringing the fund's year-to-date performance to 25.4%, according to a copy of the firm's September investor update, which ValueWalk has been able to review. Q3 2021 hedge fund letters, conferences and more The commodities-focused hedge fund has had a strong year of the back Read More

Total US Production+ Imports rose to 18.35mil BBL/DAY(historical high)

Refinery Inputs fell sharply to 15.8mil BBL/DAY down sharply from early Jan level 17.1mil BBL/DAY-likely due to seasonal maintenance

Crude Inventories rose by 13.9mil BBL

Oil Situation

Wkly Ending Gasoline Stocks remain high

Exports of Refined Petroleum Products rose by 640,000 BBL/DAY in a rising trend

Oil Situation

Net/net, this is the seasonal shutdown period with inventories rising in response. Important to note is the persistent rise in Exports of Refined Petroleum Products which supports viewing this as due to demand from a growing global economy. Rising trends are seen throughout multiple economic indicators.


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Todd Sullivan is a Massachusetts-based value investor and a General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. He holds them until that value is realized or the fundamentals change in a way that no longer support his thesis. His blog features his various ideas and commentary and he updates readers on their progress in a timely fashion. His commentary has been seen in the online versions of the Wall St. Journal, New York Times, CNN Money, Business Week, Crain’s NY, Kiplingers and other publications. He has also appeared on Fox Business News & Fox News and is a RealMoney.com contributor. His commentary on Starbucks during 2008 was recently quoted by its Founder Howard Schultz in his recent book “Onward”. In 2011 he was asked to present an investment idea at Bill Ackman’s “Harbor Investment Conference”.
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