Big Oil Warns Global Fuel Stocks Are Running Dangerously Low

The world is running short on fuels—the warning was first issued by some analysts who were watching the physical market rather than futures charts. Now, Big Oil is joining the chorus of warnings, with Shell, Exxon and Chevron all saying that prices at the pump are set to stay higher, regardless of w

Source: OilPrice.com

DW NOTE

Big Oil doesn't warn about dangerously low fuel stocks during a period when WTI sits 29% below its one-year high and Brent has room to run before touching resistance. They warn when inventories drop because demand is surging or refining capacity has been structurally retired — and right now the market is pricing neither scenario.

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