5% - 10% profit per day trading
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Russia's gas monopoly Gazprom, which had sharply limited supplies through Ukraine on Tuesday, has stopped all gas shipments through the country as of 7:44 a.m. (0544 GMT), said Valentyn Zemlyansky, spokesman for Ukraine's Naftogaz.
http://finance.yahoo.com/news/Russia-stops-all-gas-supply-apf-13987646.html
1)
Russia stopped all gas shipments to Ukraine on Jan. 1 after both countries failed to agree on prices and transit fees for next year.
Over the past week, Russia accused Ukraine of siphoning off tens of millions of cubic meters of gas meant for Europe from its transit pipelines.
Ukraine admitted diverting some transit gas, saying it had the right to use the fuel to run its pumping system. Gazprom then started dramatically reducing supplies to European consumers this week.
The crisis erupted after Russia and Ukraine failed to agree on a gas price for 2009 and on payment of $600 million Gazprom says it is due from Naftogaz.
2) In 2008, Russia charged Ukraine about half what it charged its European customers for gas. The subsidy is a legacy of the Soviet era, when both countries were part of the U.S.S.R.
Gazprom has long sought to charge Ukraine European-level prices. Ukraine says that if it pays more for gas, Russia should pay more for shipping gas through Ukraine
3) Russia has expressed frustration with the absence of negotiations, and said it is ready to resume talks anytime.
Ukraine may be in the stronger negotiating position.
The country had about 16 billion cubic meters of gas in its vast underground storage system Tuesday.
With Ukraine consumers using about 200 million cubic meters a day, and Ukraine producing some of its own gas, the country should not see shortages until early April, the government says.
Gazprom meanwhile is losing substantial income during a peak season for gas consumption. On a typical winter day, experts say, Gazprom would be pumping about 350 million cubic meters of gas to Europe. It also will soon see an excess of gas in its system that it will have to deal with.
http://finance.yahoo.com/news/Russia-stops-all-gas-supply-apf-13987646.html
1)
Russia stopped all gas shipments to Ukraine on Jan. 1 after both countries failed to agree on prices and transit fees for next year.
Over the past week, Russia accused Ukraine of siphoning off tens of millions of cubic meters of gas meant for Europe from its transit pipelines.
Ukraine admitted diverting some transit gas, saying it had the right to use the fuel to run its pumping system. Gazprom then started dramatically reducing supplies to European consumers this week.
The crisis erupted after Russia and Ukraine failed to agree on a gas price for 2009 and on payment of $600 million Gazprom says it is due from Naftogaz.
2) In 2008, Russia charged Ukraine about half what it charged its European customers for gas. The subsidy is a legacy of the Soviet era, when both countries were part of the U.S.S.R.
Gazprom has long sought to charge Ukraine European-level prices. Ukraine says that if it pays more for gas, Russia should pay more for shipping gas through Ukraine
3) Russia has expressed frustration with the absence of negotiations, and said it is ready to resume talks anytime.
Ukraine may be in the stronger negotiating position.
The country had about 16 billion cubic meters of gas in its vast underground storage system Tuesday.
With Ukraine consumers using about 200 million cubic meters a day, and Ukraine producing some of its own gas, the country should not see shortages until early April, the government says.
Gazprom meanwhile is losing substantial income during a peak season for gas consumption. On a typical winter day, experts say, Gazprom would be pumping about 350 million cubic meters of gas to Europe. It also will soon see an excess of gas in its system that it will have to deal with.
good morning guys
quick question to the more experienced traders amongst you, if the anticipated forecast for the crude oil inventories for today wednesday 7th january is 0.7m
how much greater would it have to be then this for there to be a considerable price shock? i mean obviously 1.2m is quite large but can someone point me in the right direction
thanks again
quick question to the more experienced traders amongst you, if the anticipated forecast for the crude oil inventories for today wednesday 7th january is 0.7m
how much greater would it have to be then this for there to be a considerable price shock? i mean obviously 1.2m is quite large but can someone point me in the right direction
thanks again
http://economictimes.indiatimes.com...ute_limits_price_fall/articleshow/3947554.cms
crude oil stocks seen upto 900,000 barrells last week
crude oil stocks seen upto 900,000 barrells last week
1) Traders are seeking as many as 10 supertankers to store crude, according to Frontline Ltd., the largest owner of the vessels, suggesting demand for oil remains weak.
âThe fall in demand is still one of the factors that will keep prices down for a while,â said Gerrit Zambo, an oil trader at BayernLB in Munich. âThere is enough oil for traders to put it in storage and profit by selling it later. You can only do this if no one wants to buy this oil now.â
Oil for February delivery declined as much as 97 cents, or 2 percent, to $47.61 a barrel in electronic trading on the New York Mercantile Exchange. The contract traded at $47.81 at 10:02 a.m. London time.
2) Yesterday, crude reached a five-week high because of the conflict between Israel and Hamas, Russiaâs gas dispute with Ukraine, and signs that OPEC members are enacting supply cuts. It later fell as manufacturing data indicated the U.S. recession is deepening.
3) Iran, the Middle Eastâs second largest oil exporter, will trim exports to two refiners in Asia in February, officials from the companies said today, to conform with OPECâs Dec. 17 decision to curb supplies.
4) The U.S. Energy Department is scheduled to release its weekly report at 10:30 a.m. in Washington.
5) U.S. crude oil stockpiles probably increased 900,000 barrels in the week ended Jan. 2, from 318.7 million the week before, according to the median forecast of 10 analysts surveyed by Bloomberg News.
âThe fall in demand is still one of the factors that will keep prices down for a while,â said Gerrit Zambo, an oil trader at BayernLB in Munich. âThere is enough oil for traders to put it in storage and profit by selling it later. You can only do this if no one wants to buy this oil now.â
Oil for February delivery declined as much as 97 cents, or 2 percent, to $47.61 a barrel in electronic trading on the New York Mercantile Exchange. The contract traded at $47.81 at 10:02 a.m. London time.
2) Yesterday, crude reached a five-week high because of the conflict between Israel and Hamas, Russiaâs gas dispute with Ukraine, and signs that OPEC members are enacting supply cuts. It later fell as manufacturing data indicated the U.S. recession is deepening.
3) Iran, the Middle Eastâs second largest oil exporter, will trim exports to two refiners in Asia in February, officials from the companies said today, to conform with OPECâs Dec. 17 decision to curb supplies.
4) The U.S. Energy Department is scheduled to release its weekly report at 10:30 a.m. in Washington.
5) U.S. crude oil stockpiles probably increased 900,000 barrels in the week ended Jan. 2, from 318.7 million the week before, according to the median forecast of 10 analysts surveyed by Bloomberg News.
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U.S. crude oil stockpiles probably increased 900,000 barrels in the week ended Jan. 2, from 318.7 million the week before,
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a) so last week stokpile is 318.7 million , so increase of 1.2 million on top of it. If you see absolute terms the increase is not much .
b) in normal days ( no middle east conflict ) this number is moderately considerable , but these days it is not much
c) all the big traders get these numbers from the expensive research groups much ahead of us
d) again when this number is big shock then it is significent for example ' forecast is 1 million drop ' then actual report came as 1.5 million increase like scenarios .. But in our case today market is expecting 'increase about 1 million '
Quote from spanish89:
48.26 is an EXTREMELY key level.
That gives way because of the housing number and factory number, and theres nothing to hold oil up till 47.46 / 39.
When oil tests that line (you can see it on the chart i put), that will be a triple bottom touch.
1st touch at 47.86 sent oil from that line to over 50.
2nd touch at 48.06 i bought on it atand it took oil to 49.26+
3rd touch will be at .26 and if that holds we get even more boucne taht will be great for when teh big sell comes
It broke 48.26 overnight, but couldnt make it down to .46 and it bounced hard from 47.62 so shows tehres alot of buyers waiting there to keep buyng this all the way up till all the russia/ukraine stuff is over.
thank you very much mate for ur explanation
Aloha mate, there will be a big move even if it comes in bang on 0.7 lol
It isnt the oil number that acyually causes the move most times though.
Often its much more the refinery usage %, gasoline stockpiles, and distallates that will cause the move.
So even if oil comes in at +2million, but if reinery usage is 76% and gasoline is -3million, then oil will rise still.
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