Update - the oil inventory numbers just came out. Now we see US crude and distillate stocks below any other point over the past 17 years, and gasoline has only been lower at this time of the year once, in 2012.
Meanwhile, check out the dire comments by an Exxon SVP:
https://x.com/ericnuttall/status/2060049094236840291
(Full comment for people who’d rather not click through)
