Mark Finley

Analyzing energy markets, economics, and public policy. Experience in gov’t, private industry, and now academia.

[Mark Finley @finley_mark]

@JavierBlas Not from Fujairah?

[Mark Finley @finley_mark]

@EIAgov ...and if we measure US #oil inventories in days of domestic supply+demand, they are now the lowest on record, with data back to 1990. (Note: total inventories divided by 4-week moving avg of crude production plus product supplied.) @EIAgov

[Mark Finley @finley_mark]

Domestic #oil situation tightening quickly, weekly @EIAgov data shows. Since March 20th, total US oil inventories have gone from a 91 million bbl y-o-y surplus to a 64 million bbl deficit. Domestic inventories are now the lowest since 2004. https://t.co/3hOgKVL02b

[Mark Finley @finley_mark]

Quoted in this @WashPost story by @evanhalper on rapidly depleting #oil inventories. @CES_Baker_Inst https://t.co/2kcUypPy50

[Mark Finley @finley_mark]

Quoted in this @Marketplace story by Justin Ho on the oil futures curve, along with @anna_b_mikulska . @CES_Baker_Inst https://t.co/0tUUa7rbEU

[Mark Finley @finley_mark]

Ken Medlock & I discuss the Middle East oil shock & gasoline prices on a new ‘Baker Briefing’ podcast. @CES_Baker_Inst https://t.co/44OXAoIt8t

[Mark Finley @finley_mark]

Quoted in this @elizTrovall @Marketplace story on rapidly-falling oil inventories. @CES_Baker_Inst https://t.co/xIOPCmU4yj

[Mark Finley @finley_mark]

@Rory_Johnston Thanks Rory. Any word on pace of European releases?

[Mark Finley @finley_mark]

Best Q ever! I was on a panel @ScharSchool @mvhaydencenter this evening discussing the Hormuz situation. Check out the final Q: at 1:14:50. 😉 @CES_Baker_Inst

https://t.co/Jy4UjU5Que

[Mark Finley @finley_mark]

Event tonite--still time to join us in person or online! @CES_Baker_Inst @ScharSchool @mvhaydencenter

[Mark Finley @finley_mark]

Excited to join this panel Tuesday evening May 5th!
ENERGY & THE REAL COST OF WAR WITH IRAN
7 PM EDT | Arlington VA + livestream

Register: https://t.co/Ve3Qj1KmBM

@GeorgeMasonU @ScharSchool @mvhaydencenter with @DavidPriess and @richkauz @CES_Baker_Inst

[Mark Finley @finley_mark]

Normally cautious execs at America’s biggest energy companies are sounding the alarm: oil prices (& prices @ the pump) will keep rising if Hormuz remains closed. They clearly are not rejoicing in this moment, even if it might help their bottom lines. https://t.co/xA5CJxbB9D

[Mark Finley @finley_mark]

Excited to join this panel Tuesday evening May 5th!
ENERGY & THE REAL COST OF WAR WITH IRAN
7 PM EDT | Arlington VA + livestream

Register: https://t.co/Ve3Qj1KmBM

@GeorgeMasonU @ScharSchool @mvhaydencenter with @DavidPriess and @richkauz @CES_Baker_Inst

[Baker Institute Center for Energy Studies @CES_Baker_Inst]

UAE quitting OPEC+ this week follows research @jimkrane, @Dr_Ulrichsen & @finley_mark sketched in 2023, when they warned Abu Dhabi might gain more by leaving the group. Their @BakerInstitute analysis offers insight into the UAE's logic: https://t.co/giWLyjVekz

[Mark Finley @finley_mark]

Quoted in this @evanhalper @washingtonpost story on prospects for Iran's oil sector. Answer: facing challenges but not as bleak as the US Administration says. @CES_Baker_Inst https://t.co/kfTPa0dIRn

[Jim Krane @jimkrane]

@Dr_Ulrichsen @finley_mark and I wrote about the strong reasons for #UAE departure from #OPEC here https://t.co/F13muWhcfg

[Mark Finley @finley_mark]

Quoted in this @sam__fields @Marketplace story on fuel rationing in lower-income countries. @CES_Baker_Inst https://t.co/kRvCEYYfsq

[Mark Finley @finley_mark]

@JavierBlas @EIAgov Note that EIA considers oil held by Chinese (national) companies as strategic, but does not do the same for inventories held by US companies. Not debating the nature of national companies, just flagging the distinction!

[Baker Institute Center for Energy Studies @CES_Baker_Inst]

A cease-fire with Iran may not lead to a sharp drop in prices at the pump, writes @finley_mark ⛽️

In a @nytimes op-ed, he explains how lost inventory, risk premiums, and shifting “normal” conditions could keep #OilPrices elevated.

Read more: https://t.co/Z2B1BUdi4f #oott

[Baker Institute @BakerInstitute]

Oil markets rallied after the cease-fire, but don’t expect quick relief at the pump.

Disruptions in the Strait of Hormuz, reduced shipping, and rising insurance costs are keeping global supply tight. According to our nonresident fellow, @finley_mark, U.S. households could still face sustained high fuel prices and ripple effects across the economy.

Read his full analysis in @nytimes: https://t.co/MixJnNi1vW

[Mark Finley @finley_mark]

@Rory_Johnston Thanks! Would gov't-forced rationing be categorized under this system? There is clearly significant demand reduction (if not destruction) happening on that basis. I've noted elsewhere that markets can balance on price (demand destruction) or quantity (rationing).