oil trading thunder
@ThndrhrseI trade short term energy and fx out of Houston TX
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Trumps Classic Dance. I absolutely love it ❤️❤️❤️🇺🇸🇺🇸🇺🇸
Chart is absolutely crazy. Diesel displacement in heavy trucking by LNG in China one of the biggest demand stories over past two years And look at that wild penetration pace—makes EV sales growth look like child's play (and China gasoline demand much healthier than diesel atm)
Happy GasTaxMageddon Day California! Effective today - your state excise tax imposed on the retail sales of gasoline by your Governor and Legislature - which is indexed to the California's CPI will increase to $0.596 per gallon, or almost 3%. By comparison, the national…
Spot Container Shipping Rates Soar 173% on Red Sea Threats yhoo.it/47n9vyU
⚠️ PHILLIPS 66 IN ACTIVE TALKS FOR NON-CORE ASSETS SALE: CEO Full Story → PiQSuite.com/reuters/philli…
Read the behind-the-scenes story of how the world reached its first agreement to move away from coal, oil and gas at the COP28 summit in Dubai trib.al/UwYMRLu
Why is US production growing so much this year and is it repeatable? Is shale "surging" and is OPEC losing control of the market? Is demand cratering? What do stocks look like at $70WTI and when will the pain end? A replay of yesterday's webcast is now available:…
Oil sentiment continues to erode, approaching historically low levels, corroborating what subjectively feels like overwhelming negativity at the moment. This too shall pass.
Brent crude front-curve contango getting worse...
Sellers in the Brent complex are back, no bids for July. Barrels might end up in storage. WAF with a small overhang and helped by cheap freight. Arabs trading flat and slow. At this time there are 50 m barrels unsold for Jun from available programs.
Here's a better plot with data all the way back to 2009. You can see how Canadian crude has been moving further south over time, while total US imports of crude and in particular non-Cdn imports have been declining steadily.
Oil rises on China optimism, market shrugs off U.S. inventory build reut.rs/3Kd8pOu
Despite all the talk of increasing demand in Asia, Singapore light distillate inventories (including gasoline) are up again to levels well above the range during 2016-20.
The world must invest more in LNG supply to avoid a shortfall from the late-2020s, Shell says in its annual outlook 🚢⚠️ 🥊 Europe’s increased need for LNG (to replace Russian gas) will intensify competition with Asia for little new supply over the next few years
My in-depth analysis of @BP's stock price. @JavierBlas @Big_Orrin @staunovo #oott #bp #oilandgas #EnergyTransition
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