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The CL Crude-analysis Thread
Started:December 17th, 2014 (02:33 PM) by tturner86 Views / Replies:125,184 / 1,753
Last Reply:9 Hours Ago (02:57 PM) Attachments:450

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The CL Crude-analysis Thread

Old April 20th, 2016, 05:40 PM   #1591 (permalink)
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Aufidius View Post
Leading up to the Doha talks oil goes up
Doha talks fall through, no agreement is reached to cutback output, oil goes up
Kuwait oil workers stop strike , increasing oil supply, oil goes up
Oil Inventory numbers come out today, inventory is up, oil goes up


i think i'm pretty close to identifying a pattern here....

hi Aufidius - today the headline was 2080K vs. Exp. 2750K. Distillate also seemed to be much lower than the expected.

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Old April 20th, 2016, 05:42 PM   #1592 (permalink)
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hi Aufidius - today the headline was 2080K vs. Exp. 2750K. Distillate also seemed to be much lower than the expected.

Forgot to add the pic for reference.

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Old April 20th, 2016, 07:21 PM   #1593 (permalink)
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CLN6P 25 quoted at 0.03 to buy currently on BB. IV quoted at 60.976 with a delta of -0.5471.

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Old April 20th, 2016, 10:11 PM   #1594 (permalink)
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hi Aufidius - today the headline was 2080K vs. Exp. 2750K. Distillate also seemed to be much lower than the expected.

When is the last time you saw a move like this on a smaller than expected inventory increase?

My point is that we seems to have a bias to the upside. almost all news is being taken as positive for oil at this point. I'm curious to see what happens if someone actually cuts production, although i doubt it will happen.

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Old April 21st, 2016, 04:49 AM   #1595 (permalink)
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When is the last time you saw a move like this on a smaller than expected inventory increase?

My point is that we seems to have a bias to the upside. almost all news is being taken as positive for oil at this point. I'm curious to see what happens if someone actually cuts production, although i doubt it will happen.

Understood about your point. I was merely trying to understand why you said 'inventories are up' and whether I was missing something.

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Old April 21st, 2016, 10:50 AM   #1596 (permalink)
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Will this have any bearing on price of oil ?


Quoting 
Total machine sales were down 13% worldwide, and 14% lower in the Asia/Pacific segment that includes China.

Sales in the resources industries segment, primarily responsible for equipment used in mining and quarries, were down 25% globally.

And in construction industries, sales were down 9%. But there was a 7% increase in the Asia/Pacific region, which was the only stat that was up on a 3-month basis.

Caterpillar 3-month rolling sales fall - Business Insider

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Old April 22nd, 2016, 05:48 AM   #1597 (permalink)
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Follow up on the below from SEP 2 2015


Quoting 
A US tanker carrying Louisiana-produced liquefied natural gas (LNG) is en route to Portugal, which will be the first US gas export to the European market, US media reported.

Read more: Ship With First US LNG Cargo on Way to Europe

-William


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Interesting article on LNG and a new export facility in Louisiana

A little lengthy (?) to peruse but certainly worth a scan


America?s Most Unlikely Energy Project Is Rising From a Louisiana Bayou - Bloomberg Business

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Old April 25th, 2016, 01:21 PM   #1598 (permalink)
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Getting crowded?

"HEDGE FUNDS have record net long position of 656 million bbl in Brent + WTI, passing prev. peak of 621m in Jun 2014" - John Kemp

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Old May 2nd, 2016, 12:54 PM   #1599 (permalink)
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"HEDGE FUNDS have record net long position of 656 million bbl in Brent + WTI, passing prev. peak of 621m in Jun 2014" - John Kemp

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Love to that as a scatter plot vs price.

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Old May 5th, 2016, 09:56 AM   #1600 (permalink)
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Quoting 
The world’s largest energy companies are sidelining big ideas that they touted just a couple of years ago as the future of the industry.

From Australia to the U.S. Gulf Coast, the casualties include ultra-deep-water drilling projects, huge boats that serve as floating liquefied natural gas factories and technology that could drastically reduce emissions from burning fossil fuels. Royal Dutch Shell PLC, Chevron Corp. and Australia’s Woodside Petroleum Ltd. are among the big companies to pull back or delay ambitious projects.

Shell hammered home the message on Wednesday after reporting first-quarter profits that were down 83% from the same period a year before. The Anglo-Dutch oil giant said it would cut its capital spending budget another 10%, to $30 billion this year.

“To be brutally honest, any large new greenfield investment whether floating LNG, deepwater or elsewhere is under very strict critical review for cost levels and return simply because of where the industry is,” Shell Chief Financial Officer Simon Henry said in a conference call.

As of March, the oil industry has deferred or canceled $270 billion in projects since crude prices began crashing nearly two years ago, according to estimates from Norway-based consultancy Rystad Energy. The bulk of those spending cuts have involved high-tech projects once seen as crucial to sustaining global energy supplies.

Oil Price Drop Vanquishes Cutting-Edge Projects - WSJ

More at the link. If WSJ prompts you to subscribe copy and paste below into Firefox Google search and the article should come up

" Oil Price Drop Vanquishes Cutting-Edge Projects "

-William

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