• 3 minutes China's aggression is changing the nature of sovereignty.
  • 8 minutes Will Variants and Ill-Health Continue to Plague Economic Outlooks?
  • 11 minutes Europe gas market -how it started how its going
  • 9 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 17 hours Russia, Ukraine and "2022: The Year Ahead"
  • 17 hours January 23rd - Washington D.C. and Brussels - Demonstrations Against Tyranny
  • 6 hours Energy Storage Could Emerge As The Hottest Market Of 2022
  • 2 days Following the Big Money
Editorial Dept

Editorial Dept

More Info

Premium Content

Has The Eagle Ford Peaked?

Friday November 22, 2019

In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers.

Let’s take a look.

1. Silver supply gap

• The silver supply surplus is set to narrow this year, as physical demand is expected to rise by 1 percent and supply is expected to contract by 0.5 percent.
• “If silver ETFs, which have already seen strong inflows of nearly 3,000 tons this year, are factored into the equation, the silver market actually shows a clear deficit for the first time in six years,” Commerzbank said in a note.
• Silver’s largest use is for industrial demand (51 percent of the share), and industrial demand is set to stagnate. But silver demand in the auto industry is on the rise.
• “What is more, the photovoltaic industry is also likely to demand more silver because of numerous renewable energy projects,” Commerzbank said.
• Overall, the price for silver is “too low and is undervalued,” the bank concluded.

2. Refining margins plunge

• Refining margins have plunged in the last two months, falling from close to $20 per barrel down to near $12 per barrel, according to BP.
• In Northwest Europe, refining margins fell into negative…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News