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I added to my March call position today and put on some catastrophe hedges yesterday. Bought more Feb puts in crude yesterday as well.

Oil prices will stabilise at current levels - Mercuria What is everyone doing out there?

RBOB is the price in NY Harbor; there are hundreds of various rack prices across the nation that trade +/- NY RBOB. Each are subject to local supply/demand fundamentals and refinery economics.

Huge build in crude today. U.S. oil stockpiles rise more than expected - EIA

Gunvor Sees No Return to $100 Oil Once Price Plunge Is Reversed Gunvor: no rebound to $100 oil, contango to deepen

VLCCs charge forward with levels not seen since 2010

I think those rates are accurate. They have come off the highs this week, but still in the mid/high 70s/d for VLCCs and 50/d for Suez. Primorsk is due to slow in Feb on account of maintenance; large tonnage list in WAF put a ceiling on rates and less demand for WAF/West routes as the WTI/Brent...

GARP Webcast: Falling Oil and Its Impact

Speechless.

Yes, DRW is very active in OTC NG options. Top 1 and 2 are probably DRW and CTC.

I echo reading Pilipovic. Her works are among the standards in the sector.

Did a quick analysis of Frontline's debt and asset values this afternoon. I have their debt around $950m while their fleet value is conservatively valued at $1.8 billion. With 100 million shares outstanding, their breakup value alone is over $8/share.

The supply issue won't work itself out until the end of 2H15. Storage around the world is at record levels for both crude and products. Banks and physical traders will be on the sell side until Q315 at the earliest.

Two more deliveries into Saldanha, both sitting deep in the water:

Med Crude-Urals firms in Mediterranean on lower early Feb exports Urals is strong in the Med while lights are coming off slightly.

Sustainable tanker rally predicted

Asian oil market contango boosts demand for crude, gasoline storage

VLCC fixtures get off to a flying start in 2015

OPEC Monthly Oil Market Report - January, 2015 Great info on world commodities and economies.

The fall in Brent is stimulating US demand for WAF cargoes priced against Brent. There is such a glut off Lagos/Lome that it has become economical to buy Qua Iboe or Bonny Light instead of WTI. The new trade is also tightening VLCC and Suez tonnage on the market. The TD5 route should remain...