We begin by looking at some of the critical figures and data in the energy markets this week, which show that oil markets have remained steady, with global outages continuing but Canada set to bring its supply back online. (Click to enlarge) (Click to enlarge) Chart of the Week (Click to enlarge) • The United States is the world’s largest producer of both natural gas and petroleum liquids. The U.S.’ hydrocarbon production is roughly split evenly between natural gas and petroleum on an energy equivalent basis. • Saudi Arabia looms large over the oil markets, but the U.S. actually produced twice as much petroleum and natural gas hydrocarbons in 2015. • Saudi Arabia’s influence over oil markets is due to the fact that it has some of the largest oil reserves in the world and in addition to being one of the world’s top producers, it […]