RE:Tough but brighter days will comeHere are some dates when info on world supply and demand could provide some indication of what is happening in the US and world supply demand numbers.
Jan 7 and 14: EIA reports inventory, US crude production and US demand numbers and projections for 2015.
Jan 15: OPEC reports on world oil supply and demand and updates it demand numbers for each quarter of 2015. This could be a way by OPEC to change the outlook for world demand and supply. Note that Libya is down by about 500 kb/d since the Dec report. Also US demand is up about 4% over last Dec. So while the talking heads in the MSM are talking about 1.5 Mb/d of over supply, it could be closer to 800 kb/d to 1000 kb/d.
Jan 14 or 15: North Dakota reports Nov production. Oct production was down minimally from September.
The point is we need some indication of what the upcoming supply demand situation will be over the next two quarters and we need it to be in the right direction.
Hoping
Namsoc