Weekend News 25Aug

This week’s auction saw the Brent-WTI spread essentially flat from last week at/near $17.39. 
Additionally, USDollar-WTI correlation returned to a slightly negative correlation (-.13) after several weeks of positive correlation. Should the USD-WTI continue to increase its negative correlation, we would expect currency market behavior to have more prominent effect on WTI pricing.
The Brent-WTI correlation remains positively correlated (+.84) as is normalized. 

Graphics

Central Banks

Geo-Politics

  • 40yrs of Gold Confiscation By The US Govt. (Zerohedge)
  • RBS Probed Over Possible Iran Sanctions. (Reuters)
  • Saudi Arabia On The Offensive v Iran. (Oil Price)
  • Australia Implements Sanctions Against Iran. (Platts)

Supply/Demand & Markets

  • Supply Side Of Oil Market Coping With Iranian Export Decline, et al. (Platts)
  • LTO & Unconventional Gas. (IEA)
  • Primer On Nuclear Energy. (IEA)
  • Will Russia Replicate US Success In Tight Oil Development? (Platts)

Midweek News 22Aug

Graphics

  • S&P 500 Sectors Relative Performance. (Bespoke)
  • Crude Oil Price Review, YTD. (EIA)
  • Crude Inventories (Page 10). (EIA)

Central Banks

Geo-Politics

  • Tax v Debt: Where Does US Funding Come From? (Zerohedge)
  • White House Mulls Release Of SPR. (Fox Business)
  • Rising Gas Prices In US Not A Big Concern For Voters. (Reuters)
  • POTUS’ Latest Pretext For War With Syria. (RT)

Supply/Demand & Markets

  • API: -6mil v +250k exp. (Reuters)
  • EIA: -5.4mil v -250k exp. (EIA)
  • China’s Jul Iran Crude Imports Slide 30% On Year. (Platts)
  • The Potentials Of & Concerns Over LTO. (IEA)