Daily Energy Report
Global oil inventories, US gas consumption, No oil surge, Coal collusion, India coal use & water issues, Auto Co’s rare earth panic, US/China ethane, EU gas storage refilling, CA refining, and more.
June 09, 2025
Chart of the Day
EOA: Global Commercial Oil Inventories Are Rising, Should We Be Worried?
Summary
Global commercial oil inventories have risen significantly in recent weeks, as shown in Figure (1). How bearish is this increase? Should we be concerned that it signals a major bearish trend? Discussion below.