Commodity Analyst @_Trader_Global

Add declining production rates, particularly across the Permian, and we won’t see any growth out of the US this year. Bullish for crude prices, whilst also playing into the hands of OPEC+ #opec #oott #permian #XOM #CVX #shale

Giovanni Staunovo🛢 @staunovo

3 years ago

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Commodity Analyst @_Trader_Global

3 years ago

Should actually read “OPEC+ and the Biden Administration” - the latter will begin refilling their SPR at $72 - which is why we won’t see $60’s #oott #oil #oilandgas

Giovanni Staunovo🛢 @staunovo

3 years ago

Should actually read “OPEC+ and the Biden Administration” - the latter will begin refilling their SPR at $72 - which is why we won’t see $60’s #oott #oil #oilandgas

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Commodity Analyst @_Trader_Global

3 years ago

#SU earnings will be interesting. Processing capacity should return to max soon, too, following weather related outages in Dec

Bullish Trend @trend_bullish

3 years ago

#SU earnings will be interesting. Processing capacity should return to max soon, too, following weather related outages in Dec

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Commodity Analyst @_Trader_Global

3 years ago

Just the beginning, especially once Chinese mobility closes in on pre-pandemic levels after the Lunar New Year and domestic crude demand starts rising again - marginal drop in demand seen in January #oil #oott hellenicshippingnews.com/oil-product-st…

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Commodity Analyst @_Trader_Global

3 years ago

WTI at $75. Downside is limited - DOE is a buyer at $72, China about to return & Russian products ban set to keep product markets supported, incentivizing high run rates globally. Tell me again we are going lower. $100 incoming, the question is when, not if #oott

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Commodity Analyst @_Trader_Global

3 years ago

Product margins set to rise strongly in second half of February once 1) ban on Russian products kicks in, leaving European markets extremely tight & 2) high US planned maintenance keeps US product exports to Europe low, making matters worse for Europe #oott #productmargins

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Commodity Analyst @_Trader_Global

3 years ago

1.8 Mbd of refining capacity offline in the USGC but no mention of any crude supply outages besides those in North Dakota. Wouldn’t be surprised to see some being announced in the coming days #OOTT

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Commodity Analyst @_Trader_Global

3 years ago

Lower Bakken output (amid bad weather) should lead to lower US exports & a stronger draw in domestic crude inventories #api #eia #oott #crude #oilandgas

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Commodity Analyst @_Trader_Global

3 years ago

Crude markets likely have bottomed - Lower Russian crude flows as well as China reopening should continue to support crude markets in the short term #oott #crude more upside ahead