Giovanni Staunovoš¢
@staunovo
Commodity Analyst. #OOTT#
Views are my own. Tweets/Posts intended for information only. Retweets/Reposts ā endorsements.
448 Following 125.9K Followers
EIA's projection for US SPR crude inventories in million barrels (orange line is the projection)
release of 12.7mb in November
release of 20.9mb in December
release of 7.0mb in January
SPR inventories would stay at low of 241.5 million barrels until 2H27 when the refill of the SPR is projected to restart
#oott#
Show more
OECD emergency stock releases by regions in million barrels - delivered and not delivered by regions (IEA) #oott#
#China# has burned through much of a petrochemicals glut built up by years of overproduction as the US-Iran war chokes oil flows, setting the stage for higher prices for an array of industrial materials.
The squeeze is most acute in the so-called aromatics chain and the downstream products made from these chemicals, according to JPMorgan Chase & Co. and commodities data provider ICIS. That includes rubber for car tires and electrical insulation, resins, and plastic bottles, as well as various paints and coatings. #oott#
Show more
#Kuwait#: producing well over 2mbpd, KPC is exporting crude at prewar levels, making lot of progress in talks on pipelines - KPC CEO
The Department of Energy, Strategic Petroleum Reserve Project Management Office (SPRPMO), located
at 900 Commerce Road East, New Orleans, Louisiana, is soliciting an exchange of up to 17,000,000 barrels
of crude oil.
#oott#
Show more
From operator reports, the Marine Minerals Administration estimates that approximately 25.08% of the current oil production (511,619 barrels) and 16.37% of the current natural gas production in the Gulf of America has been shut in. The production percentages are calculated using information submitted by offshore operators in daily reports. Shut-in production information included in these reports is based on the amount of oil and gas the operator expected to produce that day. The shut-in production figures therefore are estimates, which the Marine Minerals Administration compares to historical production reports to ensure the estimates follow a logical pattern.
BSEE
h/t @clacey_carl
Show more
Shell expects to report strong results from energy trading in the third quarter as the Iran conflict continues to drive big swings in prices #oott#
China added more gold to reserves last month, pushing a buying streak close to the two-year mark as prices weaken toward $4,000 an ounce.
Holdings of bullion at the Peopleās Bank of China expanded by 740,000 ounces in September, marking the 23rd month of accumulation, according to data on Wednesday. The central bank ā among the biggest gold buyers in the world ā has stepped up purchases in recent months after prices fell.
Show more
Equinor says trading profit will top guidance in third quarter #oott#
#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#
Show more
CME Group Suspends Plans to Launch 24/7 10-Barrel Crude Oil Contract #oott#
US SPR crude inventories fell by ~0.8mb w/w to a multi year low of 283.8mb last week #oott#
Sour down ~0.8mb to 186.9mb
Sweet down unchanged at 96.8mb
Iran hit 19 violating ships in Hormuz in past two nights - Fars #oott#
Trumpās vision of Alaska as LNG superpower confronts an $80bn test
Alaska LNG and Polar LNG face a series of financing, logistical and legal hurdles to tap massive gasfields
Seven-Day Graphical Tropical Weather Outlook - Atlantic #oott#
Crew of vessel attacked in Hormuz strait evacuated, UKMTO says
Number of commercial flights tracked by Flightradar24, per day #OOTT#
According to Eurocontrol 7-day average is at +3.6% versus 2019 levels (red line); previous week +4.2% #oott#
New report of attack on Strait of Hormuz shipping fans fears of threats to oil supplies
