@HedgeyeDJ Hedgeye doesn’t have an energy analyst. Period. Kieth talks good BS, but very weak in respect to energy. Give it up or get a good analyst. He blocks anyone that calls him out.
@Big_Orrin@T_Mason_H One could argue that the system needs more inventory. Diesel production capacity is lower, export demand is higher and looks to be increasing on a forward basis. Export arb is widening.
@Teutoburg1@chigrl The Saudis export over 10 million bd. The maximum pipeline capacity to evacuate SPR release world wide is less than 1/2. The market is presently short 2.5 million bd with Russian oil and refined product off the market. Price needs to go substantially higher to kill prompt demand.