08/02/17

Goldman Stunned By Collapse In Gasoline Demand: "This Would Require A US Recession" [feedly]



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Goldman Stunned By Collapse In Gasoline Demand: "This Would Require A US Recession"
// Zero Hedge

While energy traders remain focused on weekly changes in crude supply and demand, manifesting in shifts in inventory of which today's API  data, which showed the second biggest inventory build in history, was a breathtaking example of how OPEC's "production cut" is clearly not working, a much more troubling datapoint was revealed by the Energy Information Administration last week when it reported implied gasoline demand.

To be sure, surging gasoline supply and inventories are hardly surprising or new: they remain a ...

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