Hydrocarbons barbarian. You are here for Oil & Tanker analytics #OOTT
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Joined November 2019
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I want the head of the one who was bidding up Dated last week
Star Oil Trader Who Made Wrong-Way Bet to Leave Vitol
Yaoyao Liu was widely followed in the oil trading world, but made a rare misstep at the start of the Iran war
#oott wsj.com/business/energy-oil/…
Another "refiner" reselling MEG cargoes....
Pertamina bought 950k bbl of Murban from Mitsui via tender for early December arrival at Balikpapan.
Could a temporal reprieve on sanctions affect the global freight market? some segments more than other… looking at you TD25
ADNOC Trading bought the Omai term crude supply from Indian Oil Corporation for January-December 2027 at a premium of Osp + 39 cents/bbl to the grade’s official selling price. IOC had offered around 2.8 million bbl of Oman crude from Mina Al Fahal.
guys...
#India back to solid oil demand growth, highest demand level for the month of September
India: oil consumption rose by 3.4% y/y to 19.259 million metric tons in September
August revised down from 18.606mt to 18.545mt
y/y changes
diesel +5.6% to 7,164mt
gasoline +8.0% to 3.669mt
LPG -9.0% to 2.544mt
pet coke +5.2% to 1.573mt
aviation turbine +0.9% to 0.727mt
naphtha -31.0% to 0.697mt
bitumen +17.2% to 0.594mt
PPAC
#OOTT
Is the Russian origin molecules ban still in place? Turkey could help
A second source, based in a European capital, said that the US has asked the EU to release 120 million barrels of diesel in the next six months.
Europe has become increasingly dependent on US fuel after banning Russian imports over Russia's invasion of Ukraine and after the US-Israeli war against Iran disrupted supplies from the Middle East.
#oott
Today is cheaper to put 160 barrels in a 40ft container and ship it to China than to hire a VLCC in a $ per barrel basis.
This explains why Orlen went into panic since Friday (and so did Dated Brent).
REUTERS- Saudi Arabia has informed its European customers that some late-September crude oil cargoes will be cancelled.
2, Vitol fixed this one and a "prosperity" for end Sep. That has "teapot" written all over it. Now there's nothing available pointing to NWE within the Dated window... good luck
