EIA Update: Solid EIA data, global market weakens, covid rises (again)

EIA Update: Solid EIA data, global market weakens, covid rises (again)

This week we cover a lot in our EIA update. From the recently released data by the EIA – that looks solid across the board – and reassessing the global market demand in the wake of another wave of COVID19 and finally the US product demand, Mark takes a deep dive, as always, in the depths of Oil markets.

Segment 1: Solid EIA data across the board – but what does it mean for the markets in the longer run?

Segment 2: Product demand hits its stride

Segment 3: Global market weakens as COVID19 rises . . . again.

By: Osama Rizvi; Energy Market Analyst at Primary Vision Network