Departing Flights vs Wti price since Covid-19 oubreak began

After worldwide car traffic data, I would like to show how less worldwide departing flights have impacted on WTI price since Covid-19 outbreak began.

Departing flights vs WTI
Departing flights vs WTI
DateTime7-day moving averageNumber of flightsWTI
2020-01-2418151718955154.19
2020-01-2518166716230155.19
2020-01-2618144916426756.19
2020-01-2717968217673653.14
2020-01-2817788917831053.48
2020-01-2917791418442553.33
2020-01-3017740418623952.14
2020-01-3117674618494951.56
2020-02-0117557015406752.56
2020-02-0217477015866653.56
2020-02-0317515617944150.11
2020-02-0417407017070849.61
2020-02-0517270517486550.75
2020-02-0617066117193450.95
2020-02-0717018418161150.32
2020-02-0817244316988151.32
2020-02-0917158415265152.32
2020-02-1016873115947249.57
2020-02-1116746116181949.94
2020-02-1216765317620451.17
2020-02-1316831717658551.42
2020-02-1416988919261352.05
2020-02-1516980516929353.05
2020-02-1617047515734552.36
2020-02-1717252017378552.2
2020-02-1817400417220852.05
2020-02-1917510918393853.29
2020-02-2017608718343053.78
2020-02-2117667919675653.38
2020-02-2217753317527454.38
2020-02-2317880616625255.38
2020-02-2417880617378851.43
2020-02-2517884217245649.9
2020-02-2617738017370848.73
2020-02-2717788218694247.09
2020-02-2817750619412544.76
2020-02-2917634616715445.76
2020-03-0117652016747046.76
2020-03-0217636317268946.75
2020-03-0317699717689247.18
2020-03-0417823518237846.78
2020-03-0517848318867445.9
2020-03-0617769218858741.28
2020-03-0717788516850742.28
2020-03-0817841617118743.28
2020-03-0917879617535031.13
2020-03-1017798217119334.36
2020-03-1117783418134132.98
2020-03-1217658317992031.5
2020-03-1317420817196131.73
2020-03-1417238315572932.73
2020-03-1516985915352133.73
2020-03-1616727915729328.7
2020-03-1716401214832526.95
2020-03-1815872514433020.37
2020-03-1915189913213525.22
2020-03-2014578112913822.43
2020-03-2114004311556423.43
2020-03-2213270910218124.43
2020-03-231238429522723.36
2020-03-241167309853924.01
2020-03-251096089447724.49
2020-03-261045859697022.6
2020-03-27988908927621.51
2020-03-28923116950822.51
2020-03-29869316452223.51
2020-03-30839417429520.09
2020-03-31809307746520.48
2020-04-01789238043120.31
2020-04-02759317602225.32
2020-04-03735757278528.34
2020-04-04724416157029.34
2020-04-05713765706530.34
2020-04-06703946742026.08
2020-04-07697787315723.63
2020-04-08689447459125.09
2020-04-09678876862322.76
2020-04-10672306818823.76
2020-04-11673766259224.76
2020-04-12658374629425.76
2020-04-13639515421422.41
2020-04-14637587180820.11
2020-04-15638107495319.87
2020-04-16647527521619.87
2020-04-17653087208118.27
2020-04-18646755816319.27
2020-04-19663475799420.27
2020-04-206823567434-37.63
2020-04-21687447537110.01
2020-04-22692407842713.78

*Commercial flightsCommercial passenger flights + cargo flights + charter flights + some business jet flights.

Total flightsCommercial flights above + rest of business jet flights + private flights + gliders + most helicopter flights + most ambulance flights + government flights + some military flights + drones

#Covid-19 might not be as bad as you think for oil demand

‘Back to life’ will probably mean social distancing for a while. A new normal where people do old things in different ways. In China one of the most important change is that people are switching from public transport (bus, metro) to private cars and the reason is that the risk of infection.

Screenshot_20200321_064524

This is what happened in China during the SARS travel lockdown which was in place for all of 2003 and 2004.

394803-15828856108681304_origin

History doesn’t repeat itself but it often rhymes.

UPDATE – #EIA Weekly Petroleum Status Report – twitter sentiment Positive tweets percentage: 5.2631578947368425 % Negative tweets percentage: 82.89473684210526 % #oott #crude

Positive tweets:
The effect of oil prices on natural gas production https://t.co/w1VDSTijv7 | #oil #crudeoil #brentoil #forex #fx… https://t.co/TgcNXnwuQp
EIA expects lower natural gas prices in 2020 as production outpaces demand https://t.co/Ca5o9nl3nl | #oil #crudeoil… https://t.co/SQgQYAKffX
Reuters: U.S. crude oil stockpiles rose unexpectedly last week and gasoline inventories surged by their most in a w… https://t.co/hyOJwj1v8X
RT @TankerTrackers: Report: Crude Oil Export to the World’s Top 6 Destinations during December 2019 #OOTT

Check out how many barrels were…

Negative tweets:
RT @GasBuddyGuy: –> EIA week ending 1/10 <–
Crude oil: -2.5M
Gasoline: +6.7M
Distillates: +8.2M
Refiner utilz: 92.2%
Imp gasoline demand…
Sh*t That Moved The Market:
[10:30 AM ET] US EIA Crude Oil Inventories Actual -2.549Mln (Forecast -0.474Mln, Previo… https://t.co/XblKPQOWMv
RT @chigrl: EIA (wk ending 10 Jan)
Crude: -2.549M
Cushing: 0.342M
Gasoline: 6.678M
Distillates: 8.171M
Breaking: #Oil Inventories Dropped by 2.55M Last Week – EIA – https://t.co/kBLVznwWgo $USO #crude
CL taking a post EIA dive. With crude < 58, reflation trade is getting some question marks.
RT @csidetrader: #EIA
Crude -2.549MM
Gasoline +6.678MM
Distillates +8.171MM
Cushing +0.342MM

API

Crude +1.103MM
Gasoline +3.198MM
Distill…
EIA #oil data: U.S. crude oil imports averaged 6.6 mln bpd last week, -179,000 bpd vs previous week; last 4 weeks… https://t.co/G7yM5uSVe1
US ZONE
Crude Oil Inventories
-2.549MVS1.164M
EIA Refinery Crude Runs (WoW)
0.076MVS-0.386M
Crude Oil Imports
-0.59… https://t.co/w00A0jgfma
Crude imports by origin in kbpd (incl. w/w changes)

Canada +231 to 3837
Saudi Arabia -213 to 203
Mexico +19 to 595… https://t.co/bsLVqMSw9C
RT @robert__gibbons: #EIA #oil #data:

crude -2.5 mln bbls; at 428.5 mln = to 5-yr avg for period

gasoline +6.7 mln bbls, +5% to 5-yr avg…

#EIA Petroleum Status Report: twitter sentiment Positive tweets percentage: 35.714285714285715 % Negative tweets percentage: 12.857142857142858 % #wti #oott #usoil

Positive tweets:
Oil turns higher ahead of EIA weekly report: Oil prices turned up as the US market opened onWednesday, to resume t… https://t.co/AjyAEZ0tbS
New government report: solar and wind will make up 76% of all new electric generating capacity being added to the g… https://t.co/35kydrUL5k
New government report: solar and wind will make up 76% of all new electric generating capacity being added to the g… https://t.co/SPjvJEBmlf
Wednesday Economic Calendar:

MBA Mortgage Applications 7:00am ET
PPI 8:30am ET
Empire State Mfg Survey 8:30am ET
E… https://t.co/rcruawoaWI
RT @TankerTrackers: Report: Crude Oil Export to the World’s Top 6 Destinations during December 2019 #OOTT

Check out how many barrels were…
Report: Crude Oil Export to the World’s Top 6 Destinations during December 2019 #OOTT

Check out how many barrels w… https://t.co/g23CWYmCdF
In which I comment on the recent EIA report that found large increases in US oil and gas reserves. https://t.co/ncLjomFzLE
I am a stock picker I buy oil & PM stocks most of which you’ve never heard of.

Here is what I don’t care about:

O… https://t.co/2twf0UC6az
Government Report Projects 76% of New U.S. Electric Generating Capacity in 2020 to Come fromWind and Solar – 18.5… https://t.co/GWC0qVW8tk
RT @Kassapas: @BRI_SL @PortCityColombo @OceanswellOrg This report contains key social and corporate engagements only. Port City has success…

Negative tweets:
U.S. crude oil has settled down and is trading just above $58.00 for a second straight session. The EIA crude inven… https://t.co/UAjqwUTLEI
EIA Report Expected to Show 400K-Barrel Crude Oil Build #cl #crudeoil #crude #brent #eia #OOTT #wti #opec #energy… https://t.co/1XVEPsCkNM
UK: #HS2 will destroy or irreparably damage five internationally protected #wildlife sites, 693 local wildlife site… https://t.co/gU0QaoEM9B
EIA forecasts rise in Brent crude oil https://t.co/NLq3AxDfCr
(EIA) U.S. Crude Oil and Natural Gas Proved Reserves, Year-End 2018 report, released in December 2019. U.S. proved… https://t.co/MD84qsJ2tU
RT @EIAEnvironment: Zambians were told that there was a ban on trading #mukula. Yet behind the scenes, an elite group reportedly tied to #Z…
MLPs are going up even though oil price and NG price are down. Sold them ahead of an expected bad EIA report.
RT @TankerTrackers: #EIAReport #OOTT Thread covering Week Ending January 10th, 2020

We begin with our Crude Oil & Gas Condensate Exports R…

EIAReport #OOTT Thread covering Week Ending January 10th, 2020

We begin with our Crude Oil & Gas Condensate Expor… https://t.co/FzqfUQgM5n