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August 2016 SEE Monthly Update

Petroleum Market Suffers from Inventory Surplus

Unseasonably large inventories of crude oil and gasoline have led to another downward bump for oil prices, with an August close below $40/barrel. This is just at a time when oil producers have started to sound positive...about prices of $50/barrel and above.

The graphs below illustrate.

U.S. Crude Oil Stocks

Difference in Regional Weekly Inventories From Five-Year Average

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           Copyright 2016, Starks Energy Economics, LLC. This information may not be disclosed, copied or disseminated, in whole or in part, without the prior written permission of Starks Energy Economics, LLC. This communication is based on information which Starks Energy Economics, LLC believes is reliable. However, Starks Energy Economics, LLC does not represent or warrant its accuracy. This communication should not be considered as an offer or solicitation to buy or sell any securities.

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