Fuel Insight🛢⛽️ (@fuel_insight) 's Twitter Profile
Fuel Insight🛢⛽️

@fuel_insight

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linkhttp://www.fuelinsight.com calendar_today09-04-2019 15:40:53

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781 Following

Anas Alhajji (@anasalhajji) 's Twitter Profile Photo

Thread on #oil 1-6 Over the years, I have done a lot of work on the optimal price of oil OPEC leaders will operate in the sweet spot. Where is the sweet spot now? Based on my mode, we are already in it. Things start getting sour when Brent is above $75, bitter below $68. #OOTT

Thread on #oil
1-6 Over the years, I have done a lot of work on the optimal price of oil

OPEC leaders will operate in the sweet spot. Where is the sweet spot now?

Based on my mode, we are already in it. Things start getting sour when Brent is above $75, bitter below $68. #OOTT
Patrick De Haan (@gasbuddyguy) 's Twitter Profile Photo

Colonial has confirmed a successful restart of the pipeline did take place last night. Lines 1 and 2 back online, went smoothly.

Javier Blas (@javierblas) 's Twitter Profile Photo

If you address supply before demand, then the market does its work: it drives prices to the point where consumption is curtailed (in inelastic markets, like power, that point is very high). That's quite painful for consumers. When something is painful, voters stop supporting it.

Fuel Insight🛢⛽️ (@fuel_insight) 's Twitter Profile Photo

July gas demand was only -2.3% off of 2019 - huge demand improvement vs 1H 2021 July demand peaked in 2018, barely matching 2007 demand despite +10% VMT. 2019 VMT was higher still. Mobility data analysts rarely consider fuel economy + mix when making for fuel demand projections

Fuel Insight🛢⛽️ (@fuel_insight) 's Twitter Profile Photo

OPEC and a Russia-led group of oil producers agreed to continue increasing production in measured steps, deciding against opening the taps any further amid fast-rising oil prices wsj.com/articles/opec-… via The Wall Street Journal

Anas Alhajji (@anasalhajji) 's Twitter Profile Photo

Are you ready for a stunning lesson in oil politics, history, and economics? Read this long thread below. Now is the 48th anniversary of the 1973 oil Embargo that still shapes US energy policy until today. #Oil #OPEC #OOTT #Oil_History

Eric Nuttall (@ericnuttall) 's Twitter Profile Photo

IEA update: ignore the bearish spin...the OECD inventory deficit to the '15-'19 average increased by 30% in a month to 202MM Bbls and levels now sit near a 7 year low...2022 oversupply forecasts based on OPEC hitting quotas when OPEC+ is under producing already by 113,000Bbl/d.🚀

IEA update: ignore the bearish spin...the OECD inventory deficit to the '15-'19 average increased by 30% in a month to 202MM Bbls and levels now sit near a 7 year low...2022 oversupply forecasts based on OPEC hitting quotas when OPEC+ is under producing already by 113,000Bbl/d.🚀
C-Store Dive (@cstoredive) 's Twitter Profile Photo

Murphy USA is doing well despite the environment, but as the company eyes a 500-store expansion, it will be challenged by “stagnant fuel demand, normalizing retail margins and increasingly savvy competition,” one expert noted. cstoredive.com/news/murphy-us…

Frank Beard (@frankbeard) 's Twitter Profile Photo

A big 'thanks' to everyone who reached out to chat about my latest C-Store Dive column. I've had more feedback on this than just about everything else I've written, and I've genuinely enjoyed the conversations. In case you missed it ⬇️

Rory Johnston (@rory_johnston) 's Twitter Profile Photo

*KUWAIT CUTS OIL PRODUCTION AT SOME OIL FIELDS: WSJ *KUWAIT CUTS OIL AFTER RUNNING OUT OF ROOM TO STORE CRUDE: WSJ Every day this goes on it becomes durably trickier to restart the system when it does eventually end.