Contango is back

ogarbitrage,

Thanks for your comments and source links! Very Interesting.. I've been following this.

nth

 

Russia's Urals oil exports seen surging in early January

Russia adds two Urals cargoes to preliminary loading plan for early Jan- traders

Mother Russia needs revenue.

 

Platts: China's oil conundrums: Rising crude demand and falling product imports

China turns net exporter of products as they quadruple their SPR.

 

interesting!

 

Boone Pickens talks about previous times when US cut rig count.

http://www.cnbc.com/id/102291371

 

I wouldn't put much faith into Boone's predictions, personally. He's "talking his book" as they say.

 

Getting pretty steep:

 

Thnx for posting that. What are you hearing about Andrew Hall? Did he puke out all of his 2018, 19 20 stuff? I suspect he might be a size buyer at these levels on the long end of the curve.

 

A reversal is quite a wait. If we get significant bear rally like Sep, I will resume selling. Underlying is too scary for me, the Saudis might cry uncle. Your thoughts on the Middle East Producers?

 

I haven't heard anything since the Dec 10 Bloomberg article, but I imagine he has cut some of his length. If I hear anything different, I'll post.