Discover and read the best of Twitter Threads about #oil

Most recents (24)

What’s driving the gas price surge? 1/

@PatAlvarezB chalks it up to these factors: Natural gas prices in Europe may remain elevated heading into the winter amid a tightening supply scenario and below-average storage levels, subdued LNG and pipeline imports.

#ONGT #Gas #LNG Image
2/ The run-up in CO2 prices are also a factor: As CO2 prices increase, electric generators are incentivized to operate cleaner burning #gas plants at the expense of coal, which helps to drive gas demand higher and consequently may provide structural support for higher gas prices. Image
3/ Will the run-up in #gas prices be transitory or enduring? What about #oil? Is the rise in #carbon prices structural?

Read our analysis on @TheTerminal by visiting BI<GO> #OOTT #ONGT #EUETS #carbon #energytransition #wind #solar #renewables

Read 3 tweets
#Global #ETF (thread): 26 Aug 2021

- 2020 worst perf #sectors making still leading in 2021 $IXG $IXC

- This is helping #oil producing countries with #SaudiArabia & #UAE in top5 #Country ETF YTD performers in USD $KSA $UAE

- #SouthAfrica $EZA still in top30 YTD performers

#EmergingMarkets #ETF seriously lagging #DevelopedMarkets ETF, mostly due to disinvestment from #China.

#SouthAfrica might need a lot of catch up, but $EZA YTD performance in USD (+8.2%) is still ahead of $EEM (-0.95%)

#Global #Value #stocks enjoyed short-term recovery to the end of April, but since then, $IWVL #ETF really struggled against #Quality & #Momentum. Over 1yr period it is however still the best-performing #factor, very much in its recovery phase.
Read 13 tweets
What happens when the #GOLD / #SILVER ratio (GSR) hits weekly RSI overbought (happened Friday)?

Well the results may surprise you. In PM bull markets it is extremely likely that silver rises WITH gold to close the disparity.

🧵 1/

Here is a report on what has happened since 2002 when the weekly RSI reading of the gold/silver ratio reaches overbought. The RSI merely has to touch inside overbought, above 70, at the high of the weekly candle of this ratio. It does not have to close above overbought.

I show what happens 2, 4, 8, 16, 20, 26, 52 weeks after this occurrence to both RSI and the silver price. The percent changes of silver are the values that silver has changed in percent from the date of the first RSI overbought strike listed.

Read 7 tweets
1/Only criminal mind can revive the memory of a tragedy for a GREAT NATION who profoundly traumatized by the invasion of West #Terrorists.
It’s expected @mfa_russia to appropriately punish the ignorant @RusEmbIran not to dance to West agents’ tune/cia mi6& learn moral principles ImageImageImageImage
2/History is full of #HumanRights violation by PSYCHOTIC barbaric leaders
Psychological tests& #Psychotherapy must be considered as an essential& mandatory rule for leadership, otherwise they must know the consequences of going through the..
#India #Bengal
3/prehistoric obsolete policy would be FATAL!
Even MENTAL RETARD persons are fully aware of the geopolitical changes in the region! #IRAN
The #MiddleEast irresponsible leaders/West-puppets, are the source of their Nations’ misery.
Read 6 tweets
As the U.S evacuate its staff from Afghanistan, and as the usual gibberish is being spewed by Faux News and it's warmonger allies, let's remember that it was the Cheney-Bush administration that invaded Afghanistan. #Afghanistan #BushCheney #bushgang
Let's also remember that it was Cheney-Bush and their administration that made up the claim of weapons of mass destruction so that they could invade Iraq. If there were any really dangerous weapons in Iraq, they would have been weapons the U.S sold Iraq to fight Iran. #bush #oil
Let's also remember that it was President Obama who captured Osama Bin Laden, in Pakistan, a country that we had given a great deal of aid, in weapons and access for imports to the U.S. #oilwars #BushCheney #imperialism
Read 4 tweets
Thread on the Infrastructure Bill & Biden's asking OPEC to increase production
1- It is possible that the statement regarding OPEC is a routine one, which previous administrations had repeated multiple times.
2- But the timing makes us link it to the infrastructure bill.
2- Economically, the infrastructure bill is inflationary. It increases the demand for almost everything, including petroleum products. Hence, it is logical to expect prices of these products to increase.
With inflation, the money dedicated to infrastructure will get less done!
3- Politically, the last thing the Biden Administration wants is to give Republicans a platform to attack the infrastructure bill by focusing on inflation, and fuel prices in particular. Therefore, the objective is to fight inflation on all levels, including higher fuel prices
Read 11 tweets
1-3 It is a historic moment when the pro-climate change Biden Administration:
1- blocks oil pipelines in the US, ban drilling on n federal land, then asks OPEC to increase production so US dependence on foreign oil imports increases!
2-3 asking OPEC to increase oil production so gasoline price can decline, so people drive more, and produce more CO2 emissions!
3-3 asking OPEC to increase oil production, which needs more investment, a day after UN chief, who is also pro-climate change, called for immediate end to investment in oil and gas.
Read 4 tweets
Amir-Hossein Zamaninia, deputy minister of petroleum for international and commercial affairs, and #Iran’s governor at #OPEC, has announced his retirement after 37 years of public service./1 #OOTT @OPECSecretariat #oil Image
In a letter yesterday addressed to his colleagues at the ministry, Zamaninia, a professional diplomat, informed of his decision, which will take effect in 20 days.
Zamaninia, who began his diplomatic service at the permanent mission of Iran at the United Nations in mid-1980s,../2
…has also served in such prestigious capacities as director-general at the foreign ministry, ambassador to Malaysia, deputy for international affairs at the Center for Strategic Research (associated with the Assembly for Expediency), and…/3
Read 5 tweets
1- Heavy regulations of oil & gas in favor of green energy will only result in greenwashing oil & gas. So many ways to legally greenwash any fossil fuel.

All of this lead to one result: Carbon neutrality will be the mother of all ENRONS: an unprecedented accounting fraud
2- So, what I can do to make my oil or LNG green? There are so many ways... including enriching Elon Musk and Tesla stockholders! Why? Because some corrupt politicians created laws that make it work that way. Anyway, Auto companies are now paying $Tesla to greenwash their cars!
3- People are going to go crazy when they realize what companies can claim in their carbon neutrality accounting systems! Hey, my stores have had skylights since they were built 40 years ago. I have been green all along but I just learned about it!
Read 13 tweets
#Stainlessteel futures open 2% lower in Shanghai, #Hotrolledcoil futures down 1.36%, following the weak performance yesterday after @business 's exclusive report.

The most active #silver and #tin futures contracts are down 1.3%.
#China #futures #Commodities Image
#China's #coke futures and coking coal futures in Dalian increase by 1.5% and 1.6% irrespectively.
#cokingcoal #futures #Commodities ImageImage
The main contract of manganese silicon futures in Zhengzhou extends gains to about 4% at morning close.
#China #futures #commodities #Silicon Image
Read 4 tweets
Effect of #emobility on #oil #consumption, what does statistics tell us? Comparison between #BEV pioneer #Norway (🇳🇴) vs. #biofuel addicted #Finland (🇫🇮).

🇳🇴 #BEV + #PHEV share of the passenger cars
- 2016: 3,66% + 1,29% = 5%
- 2020: 12,06% + 5,11% = 17%
Delta +8 %-units.
🇫🇮 #BEV + #PHEV share of the passenger cars 2020 is 0,35% + 1,66% = 2%.

Total amount of registered passenger cars 2020 is 2,748 million. Cumulative #BEV is doubling every year. Assumed: No effect on fuel consumption yet. 2/x
🇳🇴total sales of petroleum products was 8181 million litres (2020). That has decreased 11% from 2016.

2020 sales of road traffic fuel (petrol & diesel) has decreased 10% from 2016, from 5262 to 4716 million litres. 3/x…
Read 7 tweets
Thread on OPEC+, Saudi Arabia, & the UAE

1- OPEC+ production cut agreement is still on.
2- Countries that cheat on their quota are in violation of the agreement. They have to compensate. If you are a producer, what would you do if you know your quota will increase in the future?
3- Any delay in increasing oil production means extending the OPEC+ deal. A delay of one month without changing the planned 400 kbd increase means the deal has to be extended another month. If no deal this summer, the deal might be extended to 2023.
4- If they, after a few delays, choose to end the deal at the end of 2022 anyway, then they have to increase the amount above the currently planned 400 kbd.
In a sense, the production cut agreement will end when OPEC+ returns 5.8 mb/d to the market.

Read 11 tweets
Thread on global oil production: Shale & Sanctions

1. The results are in. Only a few got it right! It is Canada. The US doubled its production by 2019, then production declined in 2020. This explains why the majority went for the US.
see chart in next tweet #Oil #OOTT
2. The chart below is a production index of the top 12 producing countries. It shows that the highest increases came from Canada, the US, and Iraq.

Anything below 100 is a decrease. In the case of Venezuela, production in 2020 is only about 17% of what it was in 2000. #OOTT
3. Here are changes in the production of crude & condensates between 2010 and 2020:
The US added 5.83 mb/d. Virtual tie between Iraq & Canada at around 1.62 mb/d, followed by Gulf states: Saudi Arabia, UAE, & Kuwait.

Now, look at the decline. Venezuela leads by 2.2 mb/d
Read 14 tweets
Trying out a blog post as a Twitter thread. Areas covered: #NASDAQ $AMZN $SMH $NVDA $AMAT $AMD $MU $BB $CLNE $GME $CLOV $BABA $JD $DIDI $MJ $TLRY #silver $GDX $GDXJ $SIL $SILJ #oil #natgas #uranium $USO $UNG $DXY $EEM $XLF #Bitcoin
Bullishness price action in stocks prevailed once again last week and bearish sentiment grew stronger. It’s hard to separate the bearish narrative from price action, but necessary in this environment to be objective.
There is plenty to be cautious about. Markets are 12 years into a bull run and each week that passes is likely to be more volatile than the last. This isn’t a typical market and should be treated as such.
Read 22 tweets
OMG! 🔥
This is one of the times where I deeply hate to be correct & spot on. I tweeted about this last year.. reality bite..

#Oil #OOTT

University of Calgary suspends admission for oil and gas engineering program… via @CTVCalgary
Read 6 tweets
4 Fires (related to #Oil) that happened in last few days across the WORLD.
Deets of oil tanker which caught fire last night
~14 crew members evacuated
~ Ship ws carrying 30 containers,few of which hd flammable material.
~Ship ws OUTSIDE main line
2/3 Fire 2️⃣Then there ws fire in GULF of MEXICO, due to a ruptured pipeline. (Pic 1) Fire 3️⃣Almost on the same day there was fire in the CASOIAN sea (pic 2). Image
3/3 Fire 4️⃣ a huge blast took place in Romania, petromedia refinery jst a day after the fire in Gulf of Mexico. 👇 Yes it’s getting HOT! Oil prices will soon hit the roof.
Read 6 tweets
Some 160 million Americans will be fully vaccinated by the end of this week, according to @PressSec. Image
Executive order to be issued by @POTUS giving American farmers more leverage in dealing with big ag processors and equipment manufacturers, announces @PressSec.
#KSA deputy defense minister is meeting with administration officials today, including @JakeSullivan46, confirms @PressSec.
Read 16 tweets
🔥Thread on why #OPEC+ meeting was delayed. Please feel free to quote.

1- The baseline for the calculation of the adjustments agreement of April 2020 was the oil production of October 2018. It has been used in all adjustments since then, including today's proposal
#OOTT #oil
2- Today's proposal consists of two parts:

a- Increase production by 2 mb/d between August & December in 400 kbd monthly installments.

b- Extend the production cut agreement from April 2022 to December 2022.

The objective is to bring order, stability & clarity to the market
3- The above are based on OPEC+ agreement to use October 2018 production as a base. All OPEC+ members appear to agree on it except the UAE

Some oil industry leaders in the UAE believe the UAE made a mistake by agreeing to a bad deal that used October 2018 as a base.
#OPEC #Oil
Read 11 tweets
The Senate Committee on Energy and Natural Resources held a hearing on infrastructure this week:…

Lots of discussion about water use and wildfire management, but also commentary on nuclear power and critical minerals that may be of interest to investors. Image
In his opening remarks, Chairman @Sen_JoeManchin talked about supporting our “zero emission #nuclear fleet” and rebuilding our domestic supply chains by responsibly mining #criticalminerals
Ranking member @SenJohnBarrasso also opened with a mention of the “necessity of advanced nuclear”

It is notable that the two most senior members, Democrat and Republican, are both strongly supportive of #nuclear power.
Read 21 tweets
Thread.. Friday night rant
1- Political comments about 4 oil producers: #Iran, #Iraq, #Libya & #Yemen:

End of crises in these countries requires dismantling all militias. That leads to another chaos as unemployment, poverty & crimes rise, while #Europe is flooded with refugees.
2- This explains the push by Europeans to integrate the militias into the army, despite their war crimes against humanity. Also, they do not want to pay to rescue these countries from being failed states. So militias are serving local and foreign interests at once
3- Now add Venezuela into the mix! Who has interest in dismantling the militias? Biden? No.
Without jobs, what will young men and women do? 🤔
It is an old political trick by politicians: if you do not keep them busy, they will be busy with you!
Read 15 tweets
PhD thesis examination of Liangliang Lu has started. Exciting! I'll try live tweeting first time. Let's see how it goes. :) @MerikotkaCentre @AaltoENG
By the means modelling, the thesis contributes to advancing the #riskmanagement of #oil spills in
ice conditions, focusing on #pollution #preparedness and response.
First the system that generates the risk (Accident -> Collision & oil outflow -> oil drifting -> response and recovery) is developed. It is then used to identify critical factors related to (a) the accident aspects and (b) the response aspect.
Read 19 tweets

ReconAfrica, a Canadian company exploring for oil and gas in Namibia…
Reconnaissance Energy Africa Ltd.


Read 6 tweets
"Partners need to ACT LIKE PARTNERS"

{ Germany + France + Italy + Spain + Netherlands }

#TrumpWasRIGHT -->

The #DemocratCorruptionNetworks are Deeply Connected into European Banking Families

#Biden has been a "Trusted" DC Swamp Creature for DECADES

President Trump was seen as a THREAT to the CORRUPTION NETWORKS and had to be REMOVED -->


The #EuropeanManagementForum Networks are Fundamentally ANTI-American

They see the US as a Power that must be CONTROLLED from the Inside thru #LiberalMedia, Banking, and #DemocratCorruptionNetworks (with RINOs - see #McCain)

Read 8 tweets
.#MAGA[ts], this is how you get played.

@EliseStefanik (and @kayleighmcenany, of course) apparently thinks that #leadership is complaining and #lying and shrieking and NOT about proposing solutions.

But then, she's a #Republican. #Governing is NOT what the @GOP does.
.#MAGA[ts], so what's ACTUALLY going on.

@POTUS @JoeBiden spend some time with @FLOTUS because it was her birthday.

No one has a right to begrudge them that. If you have a problem with it, sit and spin. Not everything is about you nor is it always your business.
.#MAGA[ts], the deal with #gasprices, as has been explained, many times, is that we are seeing a seasonal rise in prices that were, for a time, aggravated by the recent #ColonialPipeline hack that resulted in the closing of the pipeline.
Read 21 tweets

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