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VIDEO: US Coast Guard says it’s keeping an eye on 27 oil tankers anchored off the coast of Southern California. Another great example of floating storage build-up as demand for oil and refined products plunge |
#OOTT#Contango video via@USCGLosAngelespic.twitter.com/B7pjWIsdnpShow this thread -
We spoke a few hours ago
@steveinnes123 now it's come true - never in my lifetime would I have imagined negative#US oil prices. Negative WTI spot today has the land-based producers paying up to USD37 for buyers to take product off their hands#contango compounded by#nostoragepic.twitter.com/yLw6hZXXB2Show this thread -
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Are Pacific spot #LNG freight rates stabilising?! With July at nearly $10,000/day premium to June will the current#contango along the forward curve persist or will USGC cargo cancellations and an ever weakening cargo market force rates down? https://app.sparkcommodities.com/signup/ pic.twitter.com/LHOpC22KK0
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Jet fuel demand destruction causing
#oiltrader's to store oil on floating storage. Here is what we think will happen. https://curve-series.com/articles/jet-demand-destruction-weak-diffs-and-roll-down …#jetfuel#OPEC#tanker#Freight#FFAA#Oilprices#contango -
Remember
#CONTANGO ?? is coming back god damned#OOTT#oilpic.twitter.com/DNTD2lWEqS
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Concerns with
#contango? Here are some key factors to consider when evaluating commodity#ETFs. https://bit.ly/360IP94 pic.twitter.com/yttDEwhaca
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Isn’t that the best update’s notes for an app ever?
#OOTT#contango pic.twitter.com/w3wDuNK25r
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TL;DR--> LR2 & Suezmax rates are up. The rest are flat or slightly down. All still super high. VLCC $55K LR2 $160K Suez $42K LR1 $104K Afra $27K MR $27K-$28K Pana $36K
$STNG$ASC$DSSI$HAFNIA$INSW$EURN$TNK$FRO$DHT$TK$TNP#tankers#oott#oil#contango pic.twitter.com/KIs219Ds1y
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Since
#OIL price has dropped more than 50%, investors are trying to achieve 2015-2016 rally as the number of barrels "held" by the largest 15 oil#ETF are at their all time high The problem with the$UCO and the$USO is the high#contango which is killing your return pic.twitter.com/Ln6KBoWFE6
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#Tankers Gap up and fade once again. Looks like it's gonna close flat right at previous resistance again.#Contango on 6 month Brent still -12, Fixtures still strong. pic.twitter.com/IGYIO8b0nz
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Read our Morning Briefing analysis for April 20, by Vrasidas Neofytou.
#WTI prices collapsed 25% to its lowest level since 1999.#Brent dropped 5% to $27.#WTI "#Contango" May-June contract Crude oil sensitive currencies moved lower against greenback https://www.exclusivecapital.com/morning-briefing-wti-oil-price-collapsed-below-15-for-first-time-in-21-years/ …
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product tankers still killing it...
VLCC $57K LR2 $155K
Suez $40K LR1 $113K
Afra $27K MR $28K-$29K
Pana $36K