Historically, October, November, and December are still pretty strong months for total product demand.
See the breakdowns of each category below:
October is the last month for relatively strong motor gasoline demand. Historically, the next 6 months after October see on average 350k bbls/d of lower gasoline demand.
Distillates, on the other hand, have entered the strongest demand season, where historically over the next 6 months the average demand is ~ 200k bbls/d higher than compared to Spring and Summer.
After the high summer travel season, the demand for jet fuel will slow. However, historically the next 3 months still demonstrated a relatively strong demand.
Lastly, as history shows the next 4/6 months will have the highest demand for other oils (including propane).
Actual physical cuts required by OPEC members from their August production numbers to meet their November quotas. The cuts should be even bigger when compared to September numbers which will be released on Oct 12.
https://twitter.com/Gugo907/status/1577951075050704897
US Stocks Opportunities
Here are a theme that collects the best quality or your most bullish US stocks, Share your thoughts here!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments
Great article, this Q4 is going bullish