Energy Macro Review – October 2015

TDA’s October¬†report of statistics and commentary on the macro environment in the energy industry is available here:

TDA Macro Oct Image

Highlights Include:

Page 2: 4Q 2015 is forecast to be the least oversupplied quarter of 2015 for global crude markets. With a seasonal demand spike and positive demand revisions for missing barrels, the market may be very close to balanced in this period.

Page 3: IEA forecasts for crude oversupply in 2016 have fallen rapidly in the past two months.

Page 4: IEA forecasts global crude oil markets to balance in 3Q2016 and fall into seasonal shortage in 4Q2016.

Page 9: U.S. vehicular miles driven hit an all-time high in July 2015.

Page 15: Chinese crude oil imports continue to remain strong in the summer months despite worries of an economic slowdown.

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