Med Crude-Urals steady, swaps weaker on expected export jump Middle East Crude-Qatari oil slumps into wide discount Commodities traders'...
Singapore cracking margins peak to two-year highs on firm HSFO, naphtha Falling crude and tanker demand for bunkers (HSFO) has lifted fuel oil...
Thanks bone, I appreciate that.
UPDATE 6-Oil prices steady below $49 as forecasters see more falls Iraq plans to boost southern oil exports to record high in Feb - trade
Podcast: Floating storage opportunities emerge amid widening ICE Brent contango
North Dakota monthly crude production hits new high in Nov; rig count falls
Pareto raises VLCC view
From Fearnleys Weekly:
Benchmark for North Dakota sweet crude slips below $30/barrel
I think Hall has lost his edge.
Traders take supertankers for likely crude storage of up to 45 mil barrels 3.5% of the global VLCC fleet now off the market.
A swap is like any other asset. The trader has profit or loss potential. The broker makes a commission. The market maker makes the spread.
bone, how much emphasis do you give to fundamentals if you were to enter, say, an old/new crop spread of some kind?
Good choice. I am concentrated in the May as well because the Feb options expire before their earnings call.
I am adding more stock and calls. Bought some Jans expecting a retrace tomorrow.
I've never seen Novo this busy. Russia sure is pumping. Med Crude-Urals steady as Med exports disrupted [IMG]
Iraq's oil competition expands with Saudi Arabia
Current vessel prices rising [IMG] 5- and 10-year VLCC and Suezmax weekly prices on the run-up [img]
Singapore gasoline contango spread sinks to 6-year low, boosts storage incentive [IMG]
To compliment the above: VLCCs used for storing crude could soon make their reappearance
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