Discover and read the best of Twitter Threads about #oilprice

Most recents (13)

1. Are the U.S. and France headed for conflict over policy in the Mediterranean & Middle East?

Read the thread:
2. France has historically claimed primacy in the Mediteranean region. This has been true since Napoleon & grew stronger as France acquired colonies in North Africa and the Levant.

Turkey is now challenging France for primacy in the East Med.
3. The top prize for France since the Arab Spring uprisings has been Libya.

Italy had major Libyan oil deals under Qaddafi. To wrest control of Libya, France sided w Gen Haftar against the UN recognized governing coalition in Tripoli (GNC), which rules a small section of Libya.
Read 17 tweets
My take on the week that was, and what’s 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
#BeyondHeadlines: There are not-so-obvious global reasons why the #OilMarketCrash is NOT good for #India.

Heavy #QE/ currency pressure + Intense #geopolitical tension

= #India, importer & friend to all oil producers, in the crosshairs.

Thread on these impacts of #OilPrice 👇 Image
US #oilprice crashed negative for the 1st time in history. West Texas Intermediate (a US crude) traded as low as -$40.32 a barrel. So far the bulk of the losses are in US crude, -200 to -1000%! Global (Brent) crude has not gone down as much because global storage still exists.
#COVID19 #lockdown has sharply cut all travel & thus demand for oil. Excess supply of oil resulted in a shortage of #storage space, esp in North America. As they & slowly the rest of the world run out of storage, the demand for future oil contracts (futures) goes down sharply
Read 11 tweets
Global Currency Reset Thread

What’s the one thing that has to happen for the US to get off the Petro dollar?

Oil has to collapse.

💥Overnight oil collapsed.
Gold price is dropping because people are going to cash. The margin calls are astronomical now and clearing houses are preventing people from trading options. You can no longer short the USO ETF which is an oil futures contract.
The complete breakdown of the energy complex forces people to sell something. Crude going to negative forces people to sell June contracts to get out or if they stay in it the have to sell something (gold) to make margin calls. The June WTI is going to follow the May ⬇️
Read 5 tweets

Will Oil become Valueless

Social media Idiots 👇 went crazy the moment the news about Alberta oil going into negative hit the headlines. While this is one of the rare events when a theoretical concept has come true.

All crude oils are not same — there is West Texas Intermediate (WTI), Brent, Dubai CrudCrude at the end of the day is a physical commodity that is traded on exchanges or Over-The-Counter (OTC) but delivered at a physical location (Cushing in Oaklahoma is where WTI is delivered.
While Brent is delivered globally at various ports). Let us discuss the top 2 types of crude and what the recent market moves tell us about it. WTI — West Texas Intermediate is the crude that went negative on 20th April. In fact, it went below -$30 at a point today.
Read 12 tweets
Oil #Brent #crudeoil WTI vs Brent. Image
1. Most popular grades of oil quality are West Texas Intermediary (WTI) & Brent North Sea Crude (Brent) (sourced from US from Permian basin)
It’s a benchmark for North America
2. Brent is a blend from of 15 oil fields n other in the North Sea. It's 2/3rds of world production. Benchmark for Africa, Europe + Middle East
Read 21 tweets
A thread on -
What led to the fall?
How does it help India?
What is the Correlation between Brent and WTI?
The WTI crude is a particular quality of crude oil in the US that is traded in the markets like other stocks and commodities. Just like other commodities there are various expiry contracts like a May expiry, June expiry and so on for various future months.
The contract states that anyone who bought the contract and holds till the expiry needs to actually take the delivery of the crude at a place called Cushing in Oklahama which is basically the hub/ market for oil. Vice-verca for the seller of the contract.
Read 13 tweets
Je vois tout le monde s'exciter sur le prix du baril de pétrole. Alors
1⃣ce qui est à -37$ ce soir est le prix du baril US pour livraison en mai
2⃣ce même baril pour livraison en juin est à 22$
3⃣le baril de Brent pour livraison en juin, coté à Londres, est à 26€

Ce qui dévisse est donc le prix d'un contrat (ie d'un titre financier) qui sert d'indicateur, en temps normal, pour réguler une partie des marchés pétroliers.

Ce n'est donc pas le prix d'un baril physique. A très court terme, c'est une énorme différence.

Pourquoi ce contrat, cet actif financier, dévisse ?

Parce que de nombreux investisseurs disposant de ce type de contrat ne trouvent pas d'acheteur, alors que ce contrat expire mardi soir

Bref, c'est un krach : il n'y que des vendeurs. Et zéro acheteur. La bourse dévisse

Read 15 tweets
They just don't get it yet 😂😂😂#OilPrice @BenKTallmadge @CarrollQuigley1 @MadAddictSport @ScheyChris @MagaKarma1 @BabeReflex_8 @RevisitedRick #TrapDeluxe
+ #Receipts
+ Firewalls DOWN that protected the bad clowns at CIA, DOD & DNI as of two weeks ago 😂😂😂😂😂😂…
Read 26 tweets
I’m going to start an official “I did not have __________ on my 2020 bingo card from hell” thread.

First up is the apparent plot to assassinate a US ambassador because she had the courage to try to stop foreign interference in the 2020 election process. Image
OMG! Penguin overlords! 🥰

#2020BingoCard Image
Totally late to the death panel party for this particular WTF / JFC bingo card addition. I was teaching online all day in an attempt to practice social distancing and not infect / be infected by anyone.

But, you do you Boo.
#2020bingocard Image
Read 35 tweets
1/x In an effort to understand the #OilPriceWar I dug a bit. Here is what I found & another resource thread for any students that are not in school & would like to learn a bit on #markets. #ResourceThread

A. It. began with the #Corvid19 = ⬇️ demand.…
2/x The #Corvid19 -> ⬇️ Dem. to level this ⬇️prod.

B. V. much like the rhyme there was an old woman who swallowed a fly, shell, and a host of other holiday spin offs, the⬇️ demand, would have resulted in a price crash. See #oilprice metrics.…
3/x #Oilprice is complex, here is a site that show some price charts that may be of interest. Here you can create your own dashboard.…
Read 15 tweets
1/13 On oil & oil equity prices:

So why does oil and oil equities underperform the S&P and NASDAQ in 2019 by a wide margin? #OOTT #brent #WTI #oilprice
2/13 As shown by Crescat Capital, this is a growth/ETF/momentum market which left commodities at 50 year relative historical lows! @crescatkevin @TaviCosta
3/13 So how do oil prices format?

Short term, spot prices #trade around inventory levels.

However, it is hard for #Brent and oil equities to go up on declining inventories while demand/macro weakens (macro outlook uncertain). #OOTT #WTI @HFI_Research
Read 13 tweets
Russia's Rosatom announced today it will build nuclear power plant in Sudan - a month after Putin met Sudan's President Omar al-Bashir - who is wanted by the International Criminal Court/ICC for genocide and war crimes…
Russia's Rosatom has been on a roll signing deals to build nuclear reactors around the world, like this $23.1 billion deal to build 4 reactors in Egypt…
Rosatom aims to start building Turkish nuclear plant in early 2018
Read 13 tweets

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