Contango is back

[iflyjetzzz]

Does anyone know what numbers traders look at to determine China Oil Import data? Are there release times when we can expect /CL to move in response?

I don't know where you'd find the definitive data. There's a blurb in here; maybe email the author. If you get a response, please post where we can track the information. Link: http://www.reuters.com/article/2015/01/13/us-markets-oil-idUSKBN0KM0BT20150113

 

[ogarbitrage]

Singapore gasoline contango spread sinks to 6-year low, boosts storage incentive

 

[ogarbitrage]

Iraq's oil competition expands with Saudi Arabia

 

[ogarbitrage]

I've never seen Novo this busy. Russia sure is pumping.

Med Crude-Urals steady as Med exports disrupted

Russia's Black sea port of Novorossiisk has suspended exports of oil and oil products due to stormy weather since Jan. 9 and loadings were not expected to resume before Tuesday, according to port and industry sources.

 

[ogarbitrage]

Benchmark for North Dakota sweet crude slips below $30/barrel

 

[ogarbitrage]

North Dakota monthly crude production hits new high in Nov; rig count falls

 

[ogarbitrage]

Podcast: Floating storage opportunities emerge amid widening ICE Brent contango

 

[ogarbitrage]

UPDATE 6-Oil prices steady below $49 as forecasters see more falls

Bank of America Merrill Lynch (BOAML) cut its crude oil forecasts on Thursday saying Brent could go as low as $31 by the end of the first quarter of 2015.

"Stocks all over the world are building at a very fast rate," BOAML analysts said in a note to clients, saying very high inventories would make any sharp recovery in prices much less likely.

Iraq plans to boost southern oil exports to record high in Feb - trade

Iraq plans to boost monthly crude oil exports from its southern ports to a record high level in February, trade sources said on Thursday.

Iraq's State Oil Marketing Organization (SOMO) has allocated 3.3 million barrels per day (bpd) of Basra crude to be shipped out in February, up from 2.7 million bpd in January, they said, citing a preliminary loading programme.

 

[bone]

You have the most intelligent, constructive posts. Especially since you're so strong with oil/distillate fundamentals I am always learning something useful and you're my number one follow.

 

[ogarbitrage]

Thanks bone, I appreciate that.