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What's Behind the Great Gasoil Glut?

A record surplus of diesel and gasoil has accumulated over the last six months as the Covid-19 crisis slowed travel and business activity. The excess has led to price inversions and collapsed refining margins. Read more here.

PKVerleger LLC Estimate of Weekly US Crude Production

Estimated US crude production for the week ending September 18, 2020, rose to 10.851 million barrels/day, up from 10.147 million barrels/day the previous week. Output for the first 18 days of September has averaged 10.503 million barrels/day.

Fraud on the Market (September 21, 2020) -- The EIA has committed FRAUD on the oil market for the last six months by publishing erroneous estimates of US crude production that have misled the public.

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