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Who controls the oil in the US inventories? Who owns them? Who feeds off of them and when? Anyone have any info?

Does anyone know who owns the commercial crude inventories in the US. Is it owned by the refiners or the exchanges or another?

Does anyone know who owns the oil held in commercial reserves in the US, is it the refiners or producers or exchanges or another entity?

Hi All, I am trying to understand the dynamics behind US Crude and Refined Products Inventories. Is it literally just a matter of supply and demand, upstream through to pump, or are there other factors at play? Eg. Do refiners want to process more products when oil prices are low, as to...

Unless WTI prices rocket to $80 plus, I don't see why investors are still considering buying Shale corporate bonds? The decline rates are significant. https://shaleprofile.com/2019/01/07/permian-update-through-september-2018/

I believe that we will start to see some more rhetoric around production cuts from OPEC+. We may also see US production decline as the prices come down as companies close their more expensive wells. Short term bearish - Due to market sentiment. Medium term bullish - Based on OPEC+ and US Shale...

And.....he’s gone with the waivers. U.S. allows eight importers to keep buying Iran oil for now http://uk.reuters.com/article/uk-usa-iran-sanctions/u-s-allows-eight-importers-to-keep-buying-iran-oil-for-now-idUKKCN1N70LX

I do not know the sequence of events regarding Obama, Iran, Yemen etc but, from what I think of Trump (note i didn’t say “know of trump”), I doubt that he would care about Iran funding terrorist organisations. I believe that his anti terror rhetoric is merely a way to justify his actions...

Hi Turvey, I think you're right. No real direction at the moment. Looks like it has lost all of it's volatility.

Despite the conspiracy theories, he has been a vocal advocate for the state of Israel. I suppose what I am trying to understand is, 1. What, if any, are his objectives? Ego? Market share for competitors? Reduced Iranian influence in the region (driven by Israel’s pressure perhaps) 2. What are...

So, assuming that this is about his ego and there is no real underlying objective to the sanctions, it’s fair to assume that he will announce a “new” deal if the sanctions turn against him eg. If oil prices rise too much. Perhaps I should be reading The Art of the Deal in order to better...

I ran the data based on a 20 day average but I have just re run over a shorter period, 10 days, and the correlation has increased from 0.76 (20 day) to 0.86. What we have seen, over the last 10 days, is the price remain buoyant but with an average drop in transaction volume. If this trend...

That's why I am unsure that Iranian and US oil would find the same customers.

What the hell is happening to this thread. Isn't this what Facebook is for? Can we not stick to topic.

Seems as though I have too high an opinion of his motives. Narcissism it is.

Thanks Robert.

Historical price vs transaction volume data shows a clear correlation up until May of this year. Since then, there has been a disparity. Please see the charts below. So what is supporting the price of Bitcoin? Are we seeing evidence of a psychological barrier? Any thoughts?

I have assumed that, despite the rhetoric, Trump is trying to pinch Iranian oil market share for the US Shale Industry. There appear to be differences between the grades of Iranian crude and US Shale, the former being heavier which makes it unlikely that the buyers of one would want the other...

Thanks for the reply Robert. Do you know where data, like that, can be monitored? Also, does that mean that the opposite would also be true i.e. If floating storage levels are at a minimum, then the market is in backwardation?

Hi All, I'm trying to understand the use of oil tankers in the market and how they are used by various market participants, specifically when stockpiling. I understand that Platts, and similar organizations, track oil tankers and release data to indicate the trade flows but it's the offshore...