Monthly Archives: June 2014

Brent Intraday fall

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June 30, 2014 · 4:42 pm

Brent basis spread:does it mean disconnection of paper with actual?

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June 30, 2014 · 4:36 pm

Iraq crisis & iraq crude

You can notice the tremendous change in trend of Iraqi crude since the start of the crisis. Around 5th of June started with the seizure of Samara and on the 13th the seizure of Kirkuk. The market early enough discounted the premium of supply shortages even expectations might not come actual.

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US Oil Exports to Europe

US commerce department this June licenced 2 companies PIONEER & EPP to export to Europe around August light (condensate) crude which used for ULSD & GO. Currently roughly the arbitrage, as seen in the diagrams below, stands around 7-10$/bbl. Is that an opportunity to subsidise Iraq disruptions? It depends, if signals a change in US export strategy early enough talking into account that US midterm elections are ahead.  Arbitrage historically had been at most up to 20$/bbl and most of time positive.

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Bloomberg Businessweek: The 23-Year-Olds Will Save America

Bloomberg Businessweek: The 23-Year-Olds Will Save America.
View Full Story: http://www.businessweek.com/articles/2014-06-26/younger-millennials-are-u-dot-s-dot-prosperitys-best-hope

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Oil Volatility started to increase back to March ’14 mostly discounting Iraq disruptions NOT yet materialised

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June 21, 2014 · 4:52 pm

History of Transportation Costs of H&LSFO from NWE to Med & within Med

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June 16, 2014 · 6:53 pm