Discover and read the best of Twitter Threads about #crudeoil

Most recents (13)

#WelspunCorp- Soon out of the Woods

#CMP - 60
#MarketCap - 1,565 cr
#Industry - Pipes & Plates
Biggest #COVID19 casualty

Post Jan2020, the #crudeoil prices collapsed 60-70%. The company has major dependence on global oil & gas players for its order book.
However, we feel Welspun CorpÔÇÖs strong cash & investment position in the #balancesheet and very low #longtermdebt will help the company withstand the current turmoil and bounce back stronger.
Read 25 tweets
My take on the week that was, and whatÔÇÖs next. #OOTT #EFT #shale #OilPrice #crudeoil #OPEC

When oil became waste: a week of turmoil for crude, and more pain to come
So a bit more on this. A lot right now rests on what happens next, both in terms of various economic regions trying to recover a bit and find ways to do a bit more business - and whether that's possible. #OOTT #OPEC
After all it's not often you see a nation like Azerbaijan tell a BP-led consortium that yes, you have to stop producing. Usually the big oil companies are exempt from this sort of thing. #OOTT #OPEC

Not anymore. @dmitryZ_reuters
Read 38 tweets
getting too many questions on oil, so a few quick observations:

First, the move in the active front month contract is totally extreme, but not reflected in the rest of the curve. Fourth contract is well above the March 17 low.
Second: Oil linked equities actually traded higher on the day on Monday; a fairly remarkable divergence from the active future price, but suggesting that equity traders are really not changing their medium term views much based on the collapse in prices today
Thinking about the macro implications. I think it is important to think about which countries will be 'priced out' and will countries will continue to produce at <30$/barrel, and even <$20/barrel. (oil prices will not stay negative for that long, but could stay <$30 for long).
Read 7 tweets
Oil #Brent #crudeoil WTI vs Brent. Image
1. Most popular grades of oil quality are West Texas Intermediary (WTI) & Brent North Sea Crude (Brent) (sourced from US from Permian basin)
ItÔÇÖs a benchmark for North America
2. Brent is a blend from of 15 oil fields n other in the North Sea. It's 2/3rds of world production. Benchmark for Africa, Europe + Middle East
Read 21 tweets
#WTI petrol├╝n May─▒s vadeli kontrat─▒ (-)23$'a kadar d├╝┼čt├╝.Tabii b├Âyle ├žarp─▒c─▒ bir fiyat olunca konuyla alakas─▒ olan olmayan herkes ayakland─▒.

Petrol stoklar─▒n─▒ saklamak i├žin yer kalmad─▒─č─▒ndan kimse fiziki teslimat istemiyor, yar─▒n da kontrat─▒n son g├╝n├╝. O nedenle herkes shortlad─▒
Bloomberg Int. haberine g├Âre Teksasl─▒ ├╝reticiler al─▒c─▒lara ├Âdeme yapmaya bile haz─▒r.

─░leriki vadelere bakacak olursak normal fiyatlamalar var fakat tabii ki May─▒s vadeli kontratta ├žok ki┼či batm─▒┼čt─▒r.

#Brent petrol ise %6.5 ekside; 25.5$
1 varil yakla┼č─▒k 159 litredir. Haziran vade 22$'dan hesap edersek; 159 litre 152 TL yani petrol├╝n litresi 1 lira bile de─čil.

├ço─ču markette 500 ml su 1.5 liraya sat─▒l─▒yor.

Peki fiyat niye bu kadar ucuz kald─▒ ve ne zaman d├╝zelecek?

En ├Ânemli neden tabii ki talep eksikli─či.
Read 8 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

#COVIDŃâ╝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
I prepared a few notes for the guys @SquawkBoxEurope

Happy to share them here with you:-

Even before #coronvairus struck, there were signs taht the bloom was off the rose:-
Exposures were high going in and - in some cases - have only gone up amid the turmoil:-
Read 10 tweets
#SPFx SharePoint Framework, let you build productive experiences and apps that are responsive and mobile-ready from day one. @SharePoint and @366PiTech #FridayFeeling for us is a training day at the office around building a modern experience using modern SPFx. (1/n)
@SharePoint @AbhijeetDGupta @366pi @SkyPiCast @bhartisushant @acuvator If you are looking to read "How To" - here' something to get you started.ÔÇŽ This is where @AbhijeetDGupta has mentioned of building a form. Sharing more on our #FridayFeeling @SharePoint starting now #SPFx #Development #code @bhartisushant @acuvator
@SharePoint @AbhijeetDGupta @366pi @SkyPiCast @bhartisushant @acuvator Set up your SharePoint Framework development environmentÔÇŽ
Things are just warming up here at #aberdeen on #FridayMorning (3/n) @acuvator @bhartisushant @AbhijeetDGupta
Read 12 tweets
Thread - R/T. Use @threadreaderapp

Still think #BigOil is the answer? Consider this:

Before 1886, people travelled via horse and buggy.

#auto #car #oil #fossilfuels #cdnpoli #elxn43 #technology #RenewableEnergy #CleanEnergy #ClimateChange #ClimateEmergency
In 1858, the refining of #CrudeOil crude oil allowed for larger-scale processing & helped spur the #gas gas engine automobile (this is the first - 1886).

#auto #car #oil #fossilfuels #cdnpoli #elxn43 #technology #RenewableEnergy #CleanEnergy #ClimateChange #ClimateEmergency
The Model T, produced by @Ford, was the first mass produced vehicle, but not the first auto.

Innovation led to bigger, enclosed cars.

#auto #car #oil #fossilfuels #cdnpoli #elxn43 #technology #RenewableEnergy #CleanEnergy #ClimateChange #ClimateEmergency
Read 15 tweets
... sometimes solving one problem begets another. #Igbo culture most laudably seems to be pushed by those in diaspora, as seen on the social media. However, 90% of what is shown is mainly #masquerading and #dances. Very beautiful. Moreover, there is need to emphasis other aspects
Like marriage, farming, food, poetry, arts & crafts, industry, commerce, architecture etc. There has been a great awakening; most nostalgia and sometimes, a relapse because one can't compete with global trends. Idolatry is on the increase pitched unto 'say' Omenala, our #culture.
African Traditional #Religion (ATR) especially as practiced by ndi Igbo was just a tip of the iceberg about their culture. It was the culture of a typical Igbo person not to go hungry, as such manliness, was measured by the number of yam tubers one had in his barn and other #farm
Read 14 tweets
Petrol├╝n bitmesi ve haz─▒rl─▒ks─▒z yakalanan ├╝lke T├╝rkiye...

#Turkey #Crudeoil #petrol #benzin #ekonomi #T├╝rkiye
G├╝n├╝m├╝zde h─▒zla ilerleyen teknoloji ve artan d├╝nya n├╝fusu, enerjiye olan ihtiyac─▒ artt─▒rmaktad─▒r. ┼×imdiye kadar d├╝nya siyasetine y├Ân veren ve sava┼člara sebep olan enerji sorunu gelecekte yine d├╝nya siyasetinin ┼čekillenmesine neden olacakt─▒r.
D├╝nyada en yayg─▒n olarak t├╝ketilen enerji kayna─č─▒ fosil yak─▒tlard─▒r. G├╝nde ortalama 98 milyon varil petrol t├╝ketilmektedir. H─▒zla artan n├╝fus nedeniyle d├╝nyadaki petrol rezervlerinin 45 y─▒l sonra do─čalgaz rezervlerinin ise 50-80 y─▒l i├žerisinde tamamen bitece─či ├Âng├Âr├╝l├╝yor.
Read 60 tweets
The ghosts of 2008 are back. We had #Lehman. Today we have #ILFS and #RupeeAt75. The bulls have given up. #Sensex is down 4500 points in 25 sessions. As shared by @Prashanth_Krish over 50% of stocks traded on NSE are down 50% or more. FridayÔÇÖs fall would have made it more brute.
Most of serious investors are fully invested. With the kind of sell-off witnessed in #Bajaj twins, #HDFC twins, #Reliance, #Kotak, quality midcaps/largecaps, no one is spared. Even Portfolios of respected investors like Rakesh J, @porinju, @VijayKedia1, SP Tulsian are down!!
In 2017 everyone made easy money. 2018 made you realise how difficult it is for traders and investors to make money in #stocks. I wish @adhia03 realises the gravity of his mistake by imposing #LTCG by referring stock markets as easy money making medium. #Nifty #Sensex
Read 27 tweets
#crudeoil! Rare for this kind of move to take place without a headline or data release, as was the case.
Extremely wild week in oil. No public news behind today's -200 tick straight down move. #OOTT
Here comes the hindsight narrative:ÔÇŽ. Sounds legit. Though the probability of Saudis unilaterally agreeing to add another 1mmb/d is close to zero.
Read 3 tweets

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