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The CL Crude-analysis Thread
Started:December 17th, 2014 (02:33 PM) by tturner86 Views / Replies:125,679 / 1,754
Last Reply:December 4th, 2016 (01:02 AM) Attachments:450

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The CL Crude-analysis Thread

Old December 7th, 2015, 06:46 PM   #1411 (permalink)
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myrrdin View Post
(Tentative) Schedule of tomorrows OPEC meeting:

Friday, 4 December 2015

10.00 hrs. Opening Session of the 168th Meeting of the Conference
Attendance: All OPEC Heads of Delegation and Delegates

12.00 hrs. Closed Session of the 168th Meeting of the Conference
Attendance: OPEC Heads of Delegation and the Secretary General

16.00 hrs. Press Conference by the President of the OPEC Conference
and the OPEC Secretary General

Time is CET (Central European Time). Press Conference will be at 9.00 am Chicago Time.

Best regards, Myrrdin

OPEC Unshackled From Quota Could Add Millions of Barrels - Bloomberg Business

Oil slumped to a six-year low after OPEC effectively abandoned its formal production target.

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Old December 8th, 2015, 04:22 AM   #1412 (permalink)
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I wonder if the US would allow the Saudis to buy up US shale fields like they let the Chinese recently? Would be an interesting tactic.

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Old December 9th, 2015, 12:02 PM   #1413 (permalink)
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Can anyone advise on the pros and cons of trading Brent on ICE vs CL at NYMEX?

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Old December 9th, 2015, 12:33 PM   #1414 (permalink)
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Brent is the world Benchmark. It's the old IPE contract now traded on ICE. (Just FYI the ICE matching engine is in Chicago not London). It is financially settled against an index.

WTI used to be the world Benchmark, but as US production has changed it has become a land locked crude. It's technically a "Light Sweet Crude" contract and is traded on NYMEX/CME. It is physically delievered at Cushing OK.

Hence the fundamentals that drive each are very different.

From a trading perspective, both have similar volumes and liquidity.

You may want to take a look at this thread
https://futures.io/commodities-futures-trading/9601-does-anyone-here-trade-brent-crude.html

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Old December 9th, 2015, 01:21 PM   #1415 (permalink)
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Futures Edge on FIO
While drilling rigs and well completions are down, producing wells in ND keep making new all time highs.

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https://pbs.twimg.com/media/CVzJ4MpWsAA546s.png:large

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Old December 9th, 2015, 01:31 PM   #1416 (permalink)
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ND production is down.

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Old December 13th, 2015, 12:19 PM   #1417 (permalink)
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Floating Storage piece...Oil Traders Aren’t Dancing the Crude ‘Contango’ This Time Around
Spot rates for the vessels have subsequently soared to fresh seven-year highs, making it even less viable to horde than it was.

Of course the question I ask myself, is why isn't the contango steeper? Is it just that earlier in the year the market expected the drop in prices to be a short sharp drop, while now we expect it to last a lot longer?

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Old December 13th, 2015, 06:09 PM   #1418 (permalink)
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SMCJB View Post
Floating Storage piece...Oil Traders Aren’t Dancing the Crude ‘Contango’ This Time Around
Spot rates for the vessels have subsequently soared to fresh seven-year highs, making it even less viable to horde than it was.

Of course the question I ask myself, is why isn't the contango steeper? Is it just that earlier in the year the market expected the drop in prices to be a short sharp drop, while now we expect it to last a lot longer?

Yes

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Old December 14th, 2015, 02:18 PM   #1419 (permalink)
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klemenlogar View Post
Hey guys I am new to this thread.

I am active crude oil trader and i would like to share some trades and analysis in here. Is there anyone in here that is active crude oil trader?

Best Regards

Hey
I trade Brent & WTI daily, am also involved in physical delivery due to my location.

Am interested in chatting with energy traders like yourself.

Mike

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Old December 14th, 2015, 02:25 PM   #1420 (permalink)
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I think you'll find it's more analysis than specific trades but if you have some idea's you'd like to discuss post away.
I personally trade quite a lot of Crude, but all spreads & butterflys. There are other's here who do trade crude outrights and I think quite a few who trade crude options. There's also a lot of people that watch this thread to keep themselves informed on crude fundamentals as it can have significant effect on other things they trade.

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