Discover and read the best of Twitter Threads about #oil

Most recents (24)

As #tech sold off in the last 2 weeks, there were still places that were resilient during this time period. Whether tech gets through the consolidation phase or breaks lower, time will tell.

Meanwhile few ideas on longs and shorts going forward. 1/
On the long side, equity exposure in #transports, #materials and int'l mkts like #Germany and #Korea worked well. Exposure in these areas continues to stay bullish.

Vols are showing upticks as well, so should stay careful.
$IYT $XLB $EWG $EWY

2a/
Commodities in bullish trend while #Gold and #Silver are consolidating for the time being: #Palladium, #Copper, #Coffee, #SoyBeans

$CPER, $PALL, $JO, $SOYB

2b/
Read 7 tweets
1/ #oott #eastmedgas #riskarb
Before I get started on this thread it’d be great if you would respond to this poll on the impact of the Elliott offer:
2/ The Elliott announcement is a big deal. Consensus is that is a done deal and the window on an activist play is closed. From day 1 I was out here saying that the offer was a low ball offer and if focus was #eastmedgas that would have just lifted that out of
3/ If offer was about US assets then offer makes perfect sense. Step 1: Pay in stock for the #eastmedgas assets, get the US for free (enterprise value). Step 2: flip the #eastmed gas assets to the highest bidder for cash and sit pretty with the US for free.
Read 13 tweets
US "extremely concerned by continued human rights violations" in wake of the election in #Belarus, says a senior administration official.
"Reports of opposition figures being kidnapped, forcibly expelled, or otherwise threatened are just a few of the many methods the Belarusian government is using in its attempts to deny freedom of speech," adds the official.
"The United States is working with our international partners to hold all of those committing these abuses responsible," concludes the official in a statement.
Read 11 tweets
A thread on #oil #product #tankers with excerpts from the latest Gibson weekly report:
hellenicshippingnews.com/wp-content/upl…

"Refinery rationalization is back on the agenda. With a prolonged weakness in refinery margins due to Covid-19 related demand destruction and an uncertain future..."
"...for hydrocarbon consumption, many refiners have decided to throw in the towel, choosing to either sell, close, or convert their refining assets. The impact is not just in Europe, but global. Aging capacity in the United States, Asia and Australia is also under threat."
"On a global basis, up to 2.6 million b/d of crude distillation capacity is at risk of full closure, or conversion to other purposes. But what does this mean for the tanker market?

In reality, it is unlikely to be a game-changer in the near term."
Read 5 tweets
#AparIndustries
#Apar Industries is one among the best established companies in India, operating in the diverse fields of #electrical and #metallurgical #engineering.
@Raunak_Bits @Sachsharma12 @srslysaurabh @Agarwal_Ishu @Random_Gyan @drprashantmish6
Raw materials:
Crude #oil & #Steel
There are 3 segments: #Conductors, Transformer and speciality #oils & Power/Telecom #Cable. The revenue breakup is in the screenshot attached
Domestic revenues decline 52% YoY with lockdown in April, lower scale of operations in May-June; #Exports up 11% YoY. Management focus is on improving revenue generation from high value products. Long time consolidation in financial parameters
Read 15 tweets
Let’s talk #Venezuela and it’s never ending super hyper #inflation for a second
Thread 👇
1/ According to the consumer price index elaborated by the National Assembly, monthly inflation in #Venezuela jumped to 55.1% m/m in July – thereby taking it back above the hyperinflation baseline of 50% (!)
2/ Under widely accepted definition of hyperinflation proposed by Cagan in seminal study (1956) an episode of this extreme economic phenomenon begins when threshold is 1st crossed but only ends when monthly increase in price level drops below 50% and stays there for at least 1yr
Read 11 tweets
@WhiteHouse @realDonaldTrump "If you want a vision of your life under Biden presidency think of the smoldering ruins in #Minneapolis the violent anarchy of #Portland the bloodstained sidewalks of #Chicago..imagine the mayhem coming to your town & every single town in America."-@POTUS
@WhiteHouse @realDonaldTrump @POTUS "#JoeBiden abandoned #Pennsylvania!"-@POTUS @realDonaldTrump #VoteRedOrBeDead
Read 19 tweets
#Venezuela #Caracas #economy #Collaps #Oil

Venezuela's economic situation worsened dramatically. The oil production of the Opec state is about to collapse. With that, the source of all the social benefits of the Maduro government are also drying up.
Because according to a current market analysis by the renowned consultancy @IHSMarkit, the country with the largest oil reserves in the world currently produces almost nothing. A decline of historic proportions.
With reserves of over 300 billion barrels, the country is sitting on a larger amount of black gold than even Saudi Arabia. A quarter of the proven global oil reserves are located under the territory of the Caribbean state.
Read 9 tweets
1b. See video below where Julian Assange from WikiLeaks discusses Seth Rich:

Remember, on August 8th 2016 Julian Assange pretty much admits Seth Rich was working with WikiLeaks in this interview on Dutch TV..👇🏼👀👇🏼
#Justice4Seth #Assange

@Luke4Tech
2. News: Mystery Masks from China Arrive At Florida Addresses — Unsolicited:

Residents in Virginia, Utah, and other states have also been receiving unsolicited seeds in the mail, prompting warnings from state agricultural agencies thegatewaypundit.com/2020/08/myster… #WARNING #China #Masks
3. Wealthy NYC Residents Flee Radical Mayor de Blasio’s Mismanaged City…

Homeless Use Their Discarded Furniture To Turn Manhattan District Into Skid Row [VIDEO] 100percentfedup.com/wealthy-nyc-re… #NewYork #DeBlasio #Homeless
Read 48 tweets
Plastic based #synthetic fabrics use 342 million barrels/ 5437 crore litres of #oil annually.

Some commonly used synthetic fabrics are #polyester, #nylon, #acrylic etc.

These #fabrics are made using fossil fuels and are #nonbiodegradable, hence they’re bad for our #environment.
Synthetic fabrics release #micro #plastics in the environment which can be #carcinogenic.
Let’s stay clear off them while future #shopping. But we don’t have to get rid of the ones we already own. We must take good care of our clothes, use what we already have till it wears out.
After the clothes wear off, we must either #upcycle or #recycle them.
Disposing our synthetic clothes in the bin means sending them off to the landfills & that just means a mountain of clothes for hundreds of years to come.

We believe #upcycling is the most #sustainablefashion.
Read 3 tweets
Truly fascinating story linking #tech & #geopolitics, and involving #Gulf. #Google sponsors new undersea fiber optic cable connecting #Europe & #Asia, specifically #Italy & #India, via the #ArabianPeninsula. Should cut costs by 50% & really increase efficiency. Few details 👇 1/
The cable will be split in 2. Blue goes from #Italy to #Jordan (Aqaba) via #Israel and is done w/Telecom Italia. Raman goes from #India to Aqaba via #Oman & #SaudiArabia and done w/Omantel. The split is due to Saudi opposition of direct link to Israel (normalization, much?). 2/
The Blue-Raman cable will be the first connecting #Europe & #Asia to bypass #Egypt. All other cables do and in fact Egypt charges massively for access while also being the "biggest single-point-of-failure in the entire world." 3/
Read 5 tweets
Reverse V-Shaped Recovery Boosts #Oil Price

#Oil in Transit
clipperdata.com/reverse-v-shap… (1/3 thread)
However ...
#Chinese Crude Floating Storage Surpasses 50 Million Barrels
clipperdata.com/chinese-crude-…
In addition, onshore storage is at an all time high.

So the question is, being that China is the buyer of last resort, with oil prices on the rise, and stocks bulging...will their appetite subside? This would put a serious crimp in demand. (3/3)
Read 3 tweets
Congratulations to my home #Norway on winning a seat at the #UN Security Council. With this seat come many opportunities to influence the global agenda for a better future. But with this also comes increased scrutiny of #Norway's untenable and unsustainable dependence on Oil
As a small open economy with an existential interest in maintaining #globalisation & a "rules based international order", #Norway and it's fellow #Nordics self-interest is strongly aligned with what is good for the world. The same also goes for #Ireland @NorwayUN @irishmissionun
#Ireland's & #Norway's ability 2 influence global agenda on economy & security will depend on them being perceived as benign actors acting in good faith beyond self-interest. #Norway will need to accelerate its move away from #Oil & #Gas #Ireland away from enabling #TaxAvoidance
Read 3 tweets
Daily Bookmarks to GAVNet 6/16/2020-2

greeneracresvaluenetwork.wordpress.com/2020/06/16/dai…

Capitalism's Case for Abolishing Billionaires - Evonomics

evonomics.com/capitalism-cas…

#billionaires #capitalism
Using Evolutionary Social Science to Deal with Pandemics - Evonomics

evonomics.com/responding-to-…

#social #coronavirus #evolutionary #complexity
Petroyuan’s stature grows on Shanghai exchange, helping world’s largest energy importer cut dependence on US dollars | South China Morning Post

scmp.com/business/china…

#petroyuan #oil #energy
Read 6 tweets
Thread on #OPEC and OPEC+ meetings today:
(Media: please feel free to quote)

1- What is the importance of this meeting? 1-

First, Deepening the production cuts from what was previously agreed upon for the month of July, which would accelerate the rebalancing of the markets
2- Second, the unprecedented focus on the commitment of all members & the establishment of a monthly monitoring system for the production of member states & the #oil market. This means that the possibility of a monthly renewal of the agreement exists if there is a need for it.
3- Third, establishing a new system used for the first time by OPEC: reduction of future production quota if countries violate their current quota. This system has been historically adopted by world commodity organizations such as the Tin, Bauxite a& Coffee organizations.
Read 11 tweets
Thread (1/9) Proud of our new report! So many messages distilled for you, by our team @EU_ScienceHub and from a polyphony of #EnergyScenarios. Let the deeper understanding of it mature now. Enjoy its taste !
ec.europa.eu/jrc/en/publica… #EUGreenDeal
(2/9) Scenarios achieving 50-56% CO2 reduction by 2030 see total #coal use reduce by 70%, #oil by 25-50% and #naturalgas by up to 25%. The use of total #biomass ranges from limited growth to an increase of up to 60%. All compared to 2017.
(3/9) The growth of #wind power generation varies between a factor of 1.5 and 3.5 and the growth of #solar power between 1.5 and 4.5. Between 2017 and 2030.
#Hydrogen and #CCUS emerges in some but not all scenarios.
Read 15 tweets

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