EIA UPDATE: US OIL PRODUCTION OFFSETS INCREASING RUNS, WEAKNESS IN GLOBAL MARKETS

EIA UPDATE: US OIL PRODUCTION OFFSETS INCREASING RUNS, WEAKNESS IN GLOBAL MARKETS

This week Mark discusses the oil demand, production and weaknesses in the global physical markets.

Segment 1: As FSC indicated, US oil production has started to offsets increasing runs. This segment also provides a good overview of the global crude markets.

Segment 2: US product demand seems to be levelling off. Check out the video to see why and how

Segment 3: Finally, Mark talks about what’s going on in the global oil markets. Data points that weakness still exist at global level and OPEC seems to realize this as well.

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