Discover and read the best of Twitter Threads about #crude

Most recents (24)

#Oil #ropa #crude #ban #USA #export
Dlaczego rozważany przez Biały Dom ban eksportowy na ropie jest pomysłem niezwykle dziwnym?

Zakaz eksportu nie uwzględnia złożonej sieci globalnego rynku ropy naftowej. Nie każdy kraj produkuje ropę naftową lub produkty rafinowane takiej
jakości, jaką sam konsumuje. Amerykański sektor rafineryjny jest najbardziej zaawansowany na świecie, co pozwala mu przetwarzać tanią ciężką ropę naftową z Ameryki Środkowej i Kanady w wysokogatunkową benzynę. Zdolność Ameryki do sprowadzania taniej ropy naftowej i eksportu
wysokowartościowych produktów rafinowanych przyczynia się do nadwyżki handlowej US. Rafinerie są tak skonfigurowane, aby przetwarzać ropę naftową określonego gatunku - lekką, słodką lub ciężką, kwaśną, albo coś pomiędzy - aby zmaksymalizować jej wydajność. O tym, czy podaż
Read 6 tweets
Crude sitting on Daily PT2

#CL_F #Crude #OOTT #WTI
Volatility on first leg down 31;
Volatility on retest 27
Tail 1
Read 7 tweets
Just in | #Inflation in India's wholesale prices hit a 4 month high of 14.55% in March, from 13.11% in February, driven by accelerating price rise across all categories of goods, with fuel and power as well as primary articles driving most of the gains., reports @tragicosmicomic
While the wholesale food prices index inched up marginally from 8.47% in February to 8.71% in March, manufactured products inflation moved up from 9.84% to 10.71%. However, the month-on-month change in the index for manufactured goods was sharper at 2.31%.
Fuel and power inflation surged to 34.52% in March, compared to 31.5% in February, while inflation in primary articles accelerated from 13.39% to 15.54%.
Read 5 tweets
#Asian #shares climb, oil drops ahead of Russia-Ukraine peace talks | 20 min ago
- #Trading has remained choppy as investors try to gauge what’s next for inflation and the global economy as the repercussions of Russia-Ukraine conflict continue to play out.…
Russian #Crude Continues To Flow Despite Harsh Sanctions | Mar 28
- Buyers in #China and #India have found ways to circumvent Western sanctions
- Russia continues to make a large profit per barrel, even with a $30 per barrel discount on its crude… #oilprice
Read 15 tweets
#EIA #oil data: #crude -1.9 mln bbls; at 411.6 mln; -13% v 5-yr avg for period
#gasoline -1.4 mln bbls; +1% v 5-yr avg
#distillate -5.2 mln bbls; -18% v 5-yr avg
#propane -1.6 bbls; -21% v 5-yr avg
Total commercial stocks -8.1 mln bbls
#OOTT #OPEC #diesel #shipping #energy
#EIA #oil #data: U.S. #crude oil #refinery inputs averaged 15.4 mln bpd week to March 4, 2022, -21,000 bpd vs previous week; #refineries operated at 89.3% capacity; #gasoline output rose to 9.6 mln bpd, #distillate output fell to 4.6 mln bpd.
#OOTT #diesel #energy #refining
#EIA: #oil data: U.S. crude oil imports averaged 6.3 mln bpd last week, +0.6 million bpd vs previous week; last 4 weeks #crude oil imports averaged 6.2 mln bpd, +10.1% vs year-ago period
#OOTT #OPEC #diesel #shipping #inventory #energy #data #exports #crudeoil #tankers #imports
Read 4 tweets
Quick thread on 2022, Ukraine and India
Q: Why does it feel like everything's falling apart since Ukraine ?
A: Things were already pretty bruised. Ukraine has ripped the band-aid off 1/n

Link to my story :…
#UkraineRussianWar #India @thewire_in
Inflation is now a full-blown problem. Estimates indicate that EVEN if the central government were to cut fuel taxes average CPI inflation for FY’23 could shoot past the RBI’s plimsol line of 6.0%. #inflation #Crude #India #UkraineRussianWar
Growth is now also in question. ICRA sees “large downside risks” to its 8% GDP target. Nomura says there’s downside risks to their GDP growth outlook (7% for 2022), HDFC’s GDP growth forecast might see a further downward revision to 7.3-7.5%.
#India #CrudeOil #Growth #Ukraine️
Read 6 tweets
A short thread on Crude again. Aside from the jokes about filling your tanks now (really solves nothing), the problem with crude is not that retail prices will rise at $115. That is happening worldwide. 1/n
#Crude #PriceHike #inflation
The problem is that
1. Election tactics will squeeze a very large increase into a very short window causing stress to people
2. What have we done with policy? Last time crude was $100, then RBI head Raghuram Rajan suggested deregulating diesel - nothing done . 2/n
3. Despite all our chest thumping, domestic oil production has been DECLINING.India’s crude oil production fell by 5.2 % and natural gas production by 8.1 % in FY21 . Ageing wells, not enough tech upgrade, no change in policies like cess.
#Crude #PriceHike #inflation
Read 5 tweets
Precision in market timing & proper position sizing is a 90% determinant for the success of my leveraged trades!

There’s simply no other ways around this 🚀

#SnP500 #VIX
#NQ1 A highly probable roadmap for the coming weeks; but if this looks too obvious to you, my word of caution is that it'll be 20x the opposite in real-time especially when dealing with your open leveraged positions in the lower time-frames...

#PositionSizing Image
#NQ1 roadmap updated; #NotThereYet
#Nasdaq100 #QQQ Image
Read 44 tweets
Alright, this one’s for all of the price chasers out there that are wondering what’s been happening with the Energy industry.

Here’s the story.

Let’s start in 2014.

After rising over 10% in the first half of the year, oversupply caused petroleum prices to slip in July. With growing production from both the Permian and abroad, the crude index continued to fall, down 51% by January 2015.…
In the years that followed, many people’s attention turned to climate change. The idea of peak oil consumption & society becoming carbon neutral caught on fast.

While spot prices went sideways, the rotation out of energy companies continued.
Read 14 tweets
#OOTT | #EIA weekly data
#Crude stocks +3.290M
#Gasoline stocks -1.488M
#Distillate stocks +2.160M
#Cushing stocks -0.916M
#OOTT | #EIA: US East Coast crude oil imports rise 40%.
Read 6 tweets
A thread: What is China’s energy import/export makeup? Have they historically been net importers? Starting in 2000s, as the economy grows, China becomes less energy dependent. 1/5
Coal dominates as the 2/3 source of energy supply in China. 2/5
The most dramatic domestic production/import mix change over time for China crude. 3/5
Read 7 tweets
#China Jan -Sept. imports rise 22.6% y/y and Jan.-Sept. exports +22.7% y/y in yuan terms.
#trade #import #export #economy 🇨🇳
China's General Customs' Jan-Sept Import Data: (YoY)
#crude oil imports fall 6.8% y/y to 387 mln tonnes;
#natgas imports rise 22. 2% y/y to 89.85 mln tonnes;
#ironore imports fall 3% y/y to 842 mln tonnes;
#copper imports 4.02 mln tonnes, down 19.5% y/y.
#OOTT #trade #import🇨🇳 🇺🇸
In the first three quarters of this year, #China's #exports reached 15.55 trillion yuan, up 22.7% y/y and #imports reached 12.78 trillion yuan, up 22.6% y/y.

Foreign trade imports and exports have achieved positive year-on-year growth for five consecutive quarters.
Read 4 tweets
#OOTT | #EIA weekly data
#Crude stocks -4.089M
#Gasoline stocks -2.253M
#Distillate stocks -3.088M
#Cushing stocks -1.268M
#OOTT | #EIA: US crude inventory falls by most in west coast.
#OOTT | #EIA: US strategic petroleum reserve steady at 621.3 mln.
Read 6 tweets
#Crude down 5% in the last few days. Crude prices have been correcting over the last few days by around 5% from its recent high of $75.4 on Wednesday. This comes on the back of press reports quoting #OPEC+ sources that the #UAE had reached a compromise. UAE's baseline...(1/4)
...output is expected to be increased to 3.65mbpd from the current 3.17mmbpd. This is broadly in line with recent market expectations. This eases the markets' read of a tight supply situation and helps soften the demand-supply balance, especially given the...(2/4)
...expectation of a demand pickup in H2 of 2021. Further on the Iranian wildcard we had written about in an earlier tweet, Iran is not expected to return to the negotiating table with the #US until it forms a new government, that is expected to take office...(3/4)
Read 4 tweets
Does the #US10Y yield puzzle affect India? An earlier tweet covered the various angles to the US10Y yield puzzle. The perceived softness around #USgrowth appears to stand-out as a prominent reason. During the same time last week, we saw a sharp rise in the Indian 10Y...(1/12)
...yield to 6.18%. This appears to have been on the back of the #RBI's surprising (disappointing for traders/underwriters) choice of picking relatively illiquid papers for its new tranche of G-SAP 2.0. The announcement of a new 10Y benchmark paper auctioned on...(2/12)
...Friday, with a higher traded yield was another reason. Are the US and Indian bond markets related in anyway? The answer is an obvious yes. Given that the US is a key global driver, the #Fed's policy rates naturally push monetary policy of emerging markets and...(3/12)
Read 12 tweets
Thread on Intermarket Relationship 1999-2021

Historical Correlation between #US30 #DowJones, #US100 #Nasdaq, #Gold #XAUUSD, #Brent #Crude, #copper #US10Y

1. US 30 / US 100 vs US 10Y

US30 / US100 was at ~2 multiple in 2000 and it is now at same level in 2021

Above chart shows that sole factor responsible for this anomaly is US 10Y rates
Rates were kept for real economy to recover, generation of jobs etc. however it has clearly backfired.
US Tech definitely does not deserve this kind of valuation

The multiple of 2 in 2000 went to 9 in 2001 represents the US tech bubble burst.
In todays terms if 2 were to go to 9, Dow would be at 25000 and Nasdaq ~2700 or any such other level. It may not hit 9 since tech has much larger role to play today vs 2000,
Read 18 tweets
#API crude oil storage data will be released 5 minutes later. #OOTT
#Crude +7.356M VS Est.-1.850M
#Cushing +0.732M
#Gasoline -9.933M VS Est.-2.125M
#Distillate -9.053M VS Est.-2.900M
The stock of #gasoline and #distillate are facing the biggest weekly drop in the last 5 years, the #API data implied
#OOTT #OIL $CL_F #EIA ImageImage
Read 4 tweets
An FSO off the coast of #Venezuela is taking on water and threatening to sink. the FSO Nabarima has about 1.3 million barrels of #crude #oil on board. She in "very poor condition," and has about nine feet of water in her lower decks.
#marinenews #shipping… Image
Venezuela's state-run PDVSA and Eni are looking at options to safely offload crude from a floating storage facility on Venezuela's eastern coast after a sea water leak affecting its engine room that could not be fixed.…
However, anti-government oil workers like Eudis Girot, head of the Unitary Federation of Petroleum Workers of Venezuela, has launched a campaign seeking to get President Nicolás Maduro to pay attention.…

#Venezuela #Nabarima #FSO #Trinidad #GulfofParia
Read 4 tweets
German GDP down 10% in June qtr

France down 14%

Singapore minus 41%

#USGDP minus 32.9%,as per advance estimates

#COVID has inflicted universal damage--fall in India will be relatively lower&cushioned by good agri growth

Even when March qtr GDP grew 3.1%,#AgriGrowth was 5.9%
Besides Farm sector,thx to Banking clean-up,by @narendramodi govt, #Banks are doing well too

#SBI reported 81% jump in net profit at Rs 4189Cr

Yes,there was one time gain of 1540Cr--But even without this,profit grew by 15%& #NII by 19%

#GrossNPAs fell from 6.15% to 5.44% QoQ💪
#NetNPAs of #SBI fell from 2.23%,to 1.88%,in June2020 qtr

Improvement in #AssetQuality of SBI is good news&this,despite providing for #COVID19India related losses

SBI made Covid related provisions worth 1836Cr inJune qtr

Total provisions against Covid related losses are 3008Cr
Read 13 tweets
Daily Bookmarks to GAVNet 6/12/2020-2…

What Doctors on the Front Lines Wish They’d Known a Month Ago - The New York Times…

#CommonSense #Covid19 #Doctors #coronavirus
Don’t Lose the Thread. The Economy Is Experiencing an Epic Collapse of Demand. - The New York Times…

#collapse #epic #demand #economy
Defund (and redesign) everything. - Deep Code - Medium…

#defund #institutions #redesign
Read 12 tweets
Thread on

(a) why May WTI #Crude traded negative last night?
(b) what's retail piling longs on Oil ETFs
(c) The way forward.
It costs Dollars to store Oil. But currently there is lack of demand (Virus scare, Airlines down, cities lockdown, Borders sealed etc).

So the oil extracted from the fields need to be stored up. But there is a limit to storage.
That space is filling up fast in the past month. Little options left to store.

Now, WTI Crude (CL) is a deliverable contract which means you need to take delivery if holding a position on expiry (which is today, 21 April at NYMEX in US)

Delivery point is Cushing, Oklahoma
Read 16 tweets
#WTI #CrudeOil futures for May,expiring tomorrow,tanked 57%,to $7.98 per barrel

June contract,expiring on 19thMay, traded@ $26.62/barrel

July futures,traded@ $28/barrel

And all this,despite #OPEC's decision to cut supply by 9.7 million barrels a day,wef 1st May2020

Normally,spread between #Spot &one month forward contract,is 40-50 cents

This time,spread is $10-12,implying weakness in #crudeoil,will continue

Global demand for #Oil in April 2020,was lower by 29 million barrels per day,Vs April 2019

#COVIDー19&global #lockdown, playing out
Indian #Crude basket is a derived basket of #crudeoil comprising #sourcrude(Dubai&Oman)&sweet crude(Brent)

Indian basket,aligned to #Brent crude,has fallen too,but not as much as #WTI crude

April 2020 #Brent@$20.92 per barrel March $32.01
Feb $55.70
Jan 2020@ $63.83

Read 16 tweets
One day spike in #Crude is highest in the History. Higher than 1979 Iran oil crisis and 1991 Iraq war. #CrudeOil #SaudiAramco #DroneAttacks Image
I don’t usually trade #commodities, but today I took a contrary bet, thought the over night crude attack news would bring in more people to buy the crude, which would push the price to open gap up and there would be few users who might be holding over night short position.
so they might cover the shorts if crude goes up further, and exactly the same happened, after gap up, moved little further and hit stop loss of overnight short holders..
Read 4 tweets
1/Here is why you [the market] and the @IEA have got it wrong on #IMO2020.
This is what a 'little disruption' may entail....
@IEA 2/ #IMO2020 crunch time for #oil product balances coming in Dec/Jan not Apr20 (as per IEA). No @IMOHQ derogations/no delays. Market is telling us so as prompt HSFO cracks collapse.
@IEA @IMOHQ 3/ #IMO2020 compliance is being way underestimated by @IEA. Not worth the risk for shippers. Problem with the 0.5% VLSFO alternative is that it will be available, but not compatible. Not worth the risk. Shippers will go for Marine Gasoil (MGO) in size until comfortable.
Read 7 tweets

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