Discover and read the best of Twitter Threads about #OIL
Most recents (24)
Future of Russian Oil: 5 Key Trends
#Russia's oil industry transitions from chaos to relative stability in 2023, with India emerging as the largest seaborne buyer. Let's explore the industry's outlook for the next 2-3 years, from refinery upgrades to a shadow tanker fleet.👇
#Russia's oil industry transitions from chaos to relative stability in 2023, with India emerging as the largest seaborne buyer. Let's explore the industry's outlook for the next 2-3 years, from refinery upgrades to a shadow tanker fleet.👇
Russia's refinery upgrades increase gasoline production
Despite overall throughputs not reaching pre-sanction levels, there's a hidden growth story. Jan-April 2023 saw record-high monthly #gasoline production. Dec 2022-Feb 2023 saw the highest-ever production rate of 124 kt/day.
Despite overall throughputs not reaching pre-sanction levels, there's a hidden growth story. Jan-April 2023 saw record-high monthly #gasoline production. Dec 2022-Feb 2023 saw the highest-ever production rate of 124 kt/day.
Operational setbacks for refinery upgrades
Nizhny Novgorod refinery faces setbacks due to fire. Moscow, Yaroslavl, Novoshakhtinsk refineries to halt fuel #oil output by 2025-2026, reducing production by 150 kbd. 🇷🇺-🇺🇦 conflict hinders Kirishi refinery's modernization.
Nizhny Novgorod refinery faces setbacks due to fire. Moscow, Yaroslavl, Novoshakhtinsk refineries to halt fuel #oil output by 2025-2026, reducing production by 150 kbd. 🇷🇺-🇺🇦 conflict hinders Kirishi refinery's modernization.
1/38. Today is the eighth day of the #BonnClimateConference (#SB58) and it saw the closing plenary of the Technical Dialogue of the #GST, discussions on the #SantiagoNetwork, the continuation of the #NCQG’s 6th Technical Expert Dialogue and the first stocktaking plenary. 🧵
2/38. Today also saw a focus on #HumanRights with a number of side events and an action drawing attention to the key message that “there can be no #ClimateJustice without #HumanRights”.
3/38. Joining "No #ClimateJustice without #CivicSpace and #HumanRights: zooming in on the @UNFCCC process"* with @ciel_tweets, @amnesty and @350, we heard important messages on the need for safe #CivicSpace under the @UNFCCC so that we can make our #LossAndDamage demands heard!
🚩US gets 1m BARRELS less of #OIL as PELOSI & JILL BIDEN
are in MiddleEast
Both have kids w/ENERGY
#Burisma/#Viscoil
FirstLady JillBiden
NancyPelosi spotted at extravagant celebration newlyweds
CrownPrinceHussein of Jordan +Rajwa Al Saif's marriage
conservativejournalreview.com/jill-biden-and…
are in MiddleEast
Both have kids w/ENERGY
#Burisma/#Viscoil
FirstLady JillBiden
NancyPelosi spotted at extravagant celebration newlyweds
CrownPrinceHussein of Jordan +Rajwa Al Saif's marriage
conservativejournalreview.com/jill-biden-and…
🚩 #KeystoneXLpipeline would have covered 1,947 kilometres from Hardisty, Alberta, to Steele City, Nebraska
capacity to carry
💥830,000 barrels per day💥 of crude from western Canadian oil fields to Gulf Coast refineries in the U.S.
alberta.ca/keystone-xl-pi….
capacity to carry
💥830,000 barrels per day💥 of crude from western Canadian oil fields to Gulf Coast refineries in the U.S.
alberta.ca/keystone-xl-pi….
🚩 #BIDEN STOPPED in 2021
#OIL IN ANWR has been an ongoing political controversy in USA since 1977
2017 #Republicans attempted to allow drilling in #ANWR
50 times finally being successful w/passage of
#TaxCutsandJobsAct of 2017
en.m.wikipedia.org/wiki/Arctic_Re….
#OIL IN ANWR has been an ongoing political controversy in USA since 1977
2017 #Republicans attempted to allow drilling in #ANWR
50 times finally being successful w/passage of
#TaxCutsandJobsAct of 2017
en.m.wikipedia.org/wiki/Arctic_Re….
#1
@ericnuttall was on @marketcall.
- Huge divergence between narrative vs reality for #Oil
- Inventories tells you health of oil is strong
- China/India with record demand
- Refiners see strong oil demand
- Airlines are close to record summer demand
@ericnuttall was on @marketcall.
- Huge divergence between narrative vs reality for #Oil
- Inventories tells you health of oil is strong
- China/India with record demand
- Refiners see strong oil demand
- Airlines are close to record summer demand
#2
- Weeks from seeing the voluntary cut from OPEC
- Fear of recession is clouding us
- Should experience sharpest drawdown in history this summer
- Even with a recession, expects to end year with a 5-10% low in inventory
- The jolt needed will be those draws starting few weeks
- Weeks from seeing the voluntary cut from OPEC
- Fear of recession is clouding us
- Should experience sharpest drawdown in history this summer
- Even with a recession, expects to end year with a 5-10% low in inventory
- The jolt needed will be those draws starting few weeks
#3
- As bearish today as back in April 2020
$dvn. in $nrgi, yielding 12% at $80, 16% at $100, for income not growth.
- US names are better geared for income
- US peers are trading at a material premium to 🇨🇦
- Only thing we want to own is Cdn Heavy Oil names
- $nnrg is 92% 🇨🇦
- As bearish today as back in April 2020
$dvn. in $nrgi, yielding 12% at $80, 16% at $100, for income not growth.
- US names are better geared for income
- US peers are trading at a material premium to 🇨🇦
- Only thing we want to own is Cdn Heavy Oil names
- $nnrg is 92% 🇨🇦
#uranium is consumed each year, while #gold is stored in more &more bars,coins & jewellery since centuries.
=Gold stockpile has been growing since centuries,while the uranium stockpile has been decreasing since early 2018 and reached critical low levels now
(1/8)
#commodities
=Gold stockpile has been growing since centuries,while the uranium stockpile has been decreasing since early 2018 and reached critical low levels now
(1/8)
#commodities
#gold is for protection against value loss of fiat money.
So are all hard assets in LT, with that difference that other hard assets have a use / are consumed in society, while gold not really.
#oil, #uranium…need replacement bc they are consumed,gold not.
(2/8)
#commodities
So are all hard assets in LT, with that difference that other hard assets have a use / are consumed in society, while gold not really.
#oil, #uranium…need replacement bc they are consumed,gold not.
(2/8)
#commodities
Think about it.
#oil, #uranium are used to create energy for💡,heating,transport,industry,… & when it has been used, you need to replace it with new oil & uranium (also see comment about difference between oil & uranium)
#gold on the other hand…(next post)
(3/8)
#commodities
#oil, #uranium are used to create energy for💡,heating,transport,industry,… & when it has been used, you need to replace it with new oil & uranium (also see comment about difference between oil & uranium)
#gold on the other hand…(next post)
(3/8)
#commodities
Russia has come forward and acknowledged the existence of significant challenges concerning its oil and gas revenues, which have reached their lowest point in several years.
During a public video conference with President Vladimir Putin, Finance Minister Anton Siluanov openly acknowledged these issues. 1/6
He attributed the decline of energy revenues by over 50 percent in the first quarter of this year to "all these discounts," effectively highlighting the impact of various factors affecting the revenue stream. 2/6
⚠️💀While the #Amazon urgently needs to be considered as a #FossilFuel Free Zone, the Peruvian government 🇵🇪 is giving #oil a new boost by promoting internationally a series of reserves that are home to 435 #indigenous communities.
ojo-publico.com/4416/nuevas-ar…
ojo-publico.com/4416/nuevas-ar…
🛢️Without consulting local populations, @Perupetrosa promoted 31 areas with potential for hydrocarbon exploration and exploitation to international investors meeting in Texas.
perupetro.com.pe/wps/portal/cor…
perupetro.com.pe/wps/portal/cor…
👀An investigation from @Ojo_Publico reveals that of the 31 areas, 25 are located in the #Amazon and overlap with 435 indigenous communities in Loreto, Ucayali and Madre de Dios, and two reserves for indigenous peoples in voluntary isolation #PIACI
ojo-publico.com/4416/nuevas-ar…
ojo-publico.com/4416/nuevas-ar…
1/n This #thread will argue that a unique set of historical contingencies has obscured a looming problem for the #oil mkt, one which has been *delayed* by unprecedented events & interventions but not negated. We believe that in 6-8 wks the mkt will be subject to extreme turmoil
/2 RECENCY BIAS: one can hardly read an article on oil w/out being told of crude’s supposed ‘weakness’ since last June’s highs, often accompanied by de rigueur chart crimes showing month-after-month of lower prices. These charts, of course, cherry-pick a ST price spike to make
/3 the case that Demand has somehow collapsed. This is nonsense & ignores the extraordinary SPR maneuvers that were employed in the wake of Russia’s invasion. Simply put, if ~600k b/d are dumped from the SPR, oil prices should drop, & they did. Extra SUPPLY. 222mm bbbls. Historic
🇨🇴 Colombia's leadership for a world free of fossil fuels and for a just energy transition is important at the national, regional and global levels. The recent commitment of the Ministry of the Environment is an important signal for the region and the world.
Follow the thread 🧵:
Follow the thread 🧵:
At the Forum of Ministers of the Environment of Latin America and the Caribbean, the Minister of Environment and Sustainable Development of Colombia, @susanamuhamad, defended that there should be limits to the exploitation of #oil and #gas 👇
@susanamuhamad said that "to reduce emissions on the scale we need and to have a just energy transition, it is necessary to stop the proliferation of fossil fuels, especially oil and gas exploration in climate pillars such as the Arctic and the Amazon."
Over 100 #Wildfires Burn Across #Trudeau-#UNfriendly Province, #Alberta | May 7
- A reminder that an #election approaches in this province, and that Danielle #Smith, the relatively new premier, has been a major #critic of the Trudeau government.
thelibertybeacon.com/over-100-wildf…
- A reminder that an #election approaches in this province, and that Danielle #Smith, the relatively new premier, has been a major #critic of the Trudeau government.
thelibertybeacon.com/over-100-wildf…
cc: @ BushelsPerAcre
I know, it’s just pure coincidence the province with 1.7 trillion barrels of #oil, with a premier who said they would get rid of the #carbontax, who said no to the fed #gun grab and who said no to the Fed interfering with resource devt
I know, it’s just pure coincidence the province with 1.7 trillion barrels of #oil, with a premier who said they would get rid of the #carbontax, who said no to the fed #gun grab and who said no to the Fed interfering with resource devt
Since the recent event with arguably the largest echo was the #FOMC decision, it's called - what else- "The Pause That Refreshes"
1/n
#FRB
#FederalReserve
1/n
#FRB
#FederalReserve
The first thing to notice is that goods prices have broadly stabilised and volumes are fairly flat - in other words, #NGDP has ceased its torrid pace of increase. Service prices are still elevated but #payroll cost increase is slowing.
2/n
2/n
The #ISM #PMI showed an uptick but is still below 50 which implies that revenue growth is NOT about to accelerate again. Again, slower #inflation & flatline volume = an end to the boom, but not yet a bust.
3/n
3/n
Gap Trading is one of the most difficult setup to trade, but the most rewarding.
Here is a Free Technical Analysis course (Gap Trading)
Attaching 20+ earning filled tweets 🧵👇
Here is a Free Technical Analysis course (Gap Trading)
Attaching 20+ earning filled tweets 🧵👇
#Oil this is probably 8/9th chart where i explain how earnings day play an important role. Never ignore them.
I am attaching some more examples and will keep adding.
Like and retweet this tweet so that you will be up to date with all earnings related price action.
I am attaching some more examples and will keep adding.
Like and retweet this tweet so that you will be up to date with all earnings related price action.
#Oil poised for weekly dip as #recession fears, rates cloud outlook | Apr 28
- #US economic growth slowed more than expected in the first quarter, although jobless claims fell in the week ending April 22, data showed.
financialpost.com/pmn/business-p…
- #US economic growth slowed more than expected in the first quarter, although jobless claims fell in the week ending April 22, data showed.
financialpost.com/pmn/business-p…
#Stock market today: #Asia shares gain, tracking Wall St #rally | Apr 28
- Shares advanced in Asia on Friday after Wall Street rallied to its best day since January.
courant.com/2023/04/28/sto…
- Shares advanced in Asia on Friday after Wall Street rallied to its best day since January.
courant.com/2023/04/28/sto…
#BOJ keeps #rate ultra-#low as it still cools #inflation | Oct 28
- The Bank of Japan stood by its ultra-low interest rates, pushing back against market speculation it would adjust policy as it continues to predict inflation will fall below 2% next year.
biz.crast.net/boj-keeps-rate…
- The Bank of Japan stood by its ultra-low interest rates, pushing back against market speculation it would adjust policy as it continues to predict inflation will fall below 2% next year.
biz.crast.net/boj-keeps-rate…
Hand Over $1 Billion Of Russian ‘Blood Money,’ Ukraine Tells Shell
Oil and gas giant Shell must donate more than $1 billion in unexpected profits from the potential sale of its assets in Russia to help rebuild Ukraine, according to a top Kyiv official.
#Thread
#Ukraine #Russia… twitter.com/i/web/status/1…
Oil and gas giant Shell must donate more than $1 billion in unexpected profits from the potential sale of its assets in Russia to help rebuild Ukraine, according to a top Kyiv official.
#Thread
#Ukraine #Russia… twitter.com/i/web/status/1…
1. In a letter to CEO Wael Sawan, dated April 18 and seen by POLITICO, Ukrainian President Volodymyr Zelenskyy's economic adviser Oleg Ustenko called on Shell to share with Ukraine any profits from a potential Russian buyout of the British firm's stake in a Siberian fossil fuel… twitter.com/i/web/status/1…
"People should invest money with Josh at Bison because they're out-performing the benchmark and the oil industry is starved of capital." Amazing endorsement @hkuppy, thank you!!! twitter.com/i/web/status/1…
I wasn't expecting to hear that! I like listening to @hkuppy interviews, and @KYRRadio does great interviews. I'd probably have shared this anyway. Made my day!
open.spotify.com/episode/36TFbz…
open.spotify.com/episode/36TFbz…
It gets even better! He discusses @joyenergyinc - he says it is available at a discount to PDP & has a superior acquisition model with great leadership by @AlexVergeJOY. And the power business is sneakily creating substantial value. I own $joy.to no recommendation #oil #com
Today and tomorrow, @G7 #Energy ministers meet in #Japan – a country, often considered a “laggard” on #energytransition. What is 🇯🇵’s energy system like and why is it so reluctant to step up #decarbonisation of its economy? A 🧵 1/19
env.go.jp/en/earth/g7/20…
env.go.jp/en/earth/g7/20…
The “usual” arguments by the 🇯🇵 government when confronted with lack of both action and ambition on #energytransition:
1. #Japan is resource-poor
2. Japan’s geography limits #renewables build-out
3. Technologies & Innovation will solve the transition
How true are they? 2/19
1. #Japan is resource-poor
2. Japan’s geography limits #renewables build-out
3. Technologies & Innovation will solve the transition
How true are they? 2/19
Japan is indeed poor in some resources, most notably #fossilfuels. Fossil fuel based, its energy system is 88% dependent on #oil, #LNG and #coal imports. It has one of the least self-sufficient energy systems, dependent on #oil & gas from #MiddleEast & #coal from #Australia. 3/19
#WeeklyRecap: Markets Remain Unstable Amidst Encouraging and Concerning Economic Data
victoryinvest.substack.com/p/markets-rema…
Here are the key topics discussed in our latest market commentary #Thread 🧵 #Fed #Recession #inflation
victoryinvest.substack.com/p/markets-rema…
Here are the key topics discussed in our latest market commentary #Thread 🧵 #Fed #Recession #inflation
Mixed data created uncertainty for investors. Inflation may be moderating, but retail sales contraction raises concerns for a potential recession. The Fed may pause its rate hike cycle, which could positively impact the stock market. #Investing #Economy #MarketVolatility
📈 Major benchmarks defy recession concerns, posting weekly gains. DJI up 1.34%, SPX up 1.42%, NDX up 1.18%. #stockmarket #investing
#MintPrimer | Demand for refined #petroleum products hit a record in FY23, led by transportation fuel.
The Petroleum Planning & Analysis Cell (PPAC) said consumption reached 222.30 million tonnes in the last fiscal.
Mint explains this spike: livemint.com/industry/energ…
The Petroleum Planning & Analysis Cell (PPAC) said consumption reached 222.30 million tonnes in the last fiscal.
Mint explains this spike: livemint.com/industry/energ…
#MintPrimer | The 222.30 million tonnes of petroleum products consumed in FY23 was 10.2% higher than the year before. The previous record for consumption came in FY20 at 214.13 million tonnes.
Read here: livemint.com/industry/energ…
Read here: livemint.com/industry/energ…
#MintPrimer | The increase in consumption of #petrol, #diesel & jet fuel during FY23 came on the back of growth in industrial activity & travel.
These activities recovered after slowing down in the previous two fiscals because of the pandemic.
Read here: livemint.com/industry/energ…
These activities recovered after slowing down in the previous two fiscals because of the pandemic.
Read here: livemint.com/industry/energ…
It's impossible to retweet this too many times.
- The #RoadOfDeath And a #DarkPlace | Apr 8
@POTUS @vonderleyen @ZelenskyyUa
- The #RoadOfDeath And a #DarkPlace | Apr 8
@POTUS @vonderleyen @ZelenskyyUa
@POTUS @vonderleyen @ZelenskyyUa #Rand Co | Jan 25
- 'The key objective described in the doc is to #divide #EU by placing #UsefulIdiots in political positions in order to stop #Russian #energy supplies from reaching the continent'
- The entire #EU #economy will #collapse
- 'The key objective described in the doc is to #divide #EU by placing #UsefulIdiots in political positions in order to stop #Russian #energy supplies from reaching the continent'
- The entire #EU #economy will #collapse
I recently spent two weeks in #Zambia, mainly in Lusaka, meeting clients, conducting research, speaking to government officials. Here are some of my key takeaways 🧵🇿🇲
DEBT - this issue came up everywhere, and with good reason. Not only is it driving macroeconomic instability, but the government is nowhere near concluding a deal. And why? Because its largest creditor, #China, isn't happy with the terms laid out by the G20.
It's NB to note Chinese debt is both bilateral (i.e. issued by govt) and private (e.g., held by companies/individuals). Govts generally don't mind debt repayments being deferred, but private creditors are different - they usually want their money back sooner, even at a loss.
🇨🇳 #RosemontSenecaBohai= #CCP CO-MINGLED
BankAccount
w/Bidens
🚩 #FollowTheMoney expose how COMPROMISED
+FBI verified
#HunterBidenLaptop
+Witness
#Bobulinski's claims of CEFC+China ties
+UkraineEnergy
#Burisma $83,333.33 pmts
in co-mingled
Bank Statement⬇️
documentcloud.org/documents/6003…
BankAccount
w/Bidens
🚩 #FollowTheMoney expose how COMPROMISED
+FBI verified
#HunterBidenLaptop
+Witness
#Bobulinski's claims of CEFC+China ties
+UkraineEnergy
#Burisma $83,333.33 pmts
in co-mingled
Bank Statement⬇️
documentcloud.org/documents/6003…
WHY Benefit #CCP 🇨🇳not 🇺🇸 ?
#HunterBiden sold US owned #COBALT Mine in Congo to #CCPChina
¬BIDEN puts 20 YEAR BAN on
🇺🇸MN AZ AK SD
Mining of US RenewableEnergy MINERALS
¬US passed #ChipsAct #Infrastructure rely ON MINED Materials
ipatriot.com/biden-bans-min…
conservativeinstitute.org/conservative-n…
#HunterBiden sold US owned #COBALT Mine in Congo to #CCPChina
¬BIDEN puts 20 YEAR BAN on
🇺🇸MN AZ AK SD
Mining of US RenewableEnergy MINERALS
¬US passed #ChipsAct #Infrastructure rely ON MINED Materials
ipatriot.com/biden-bans-min…
conservativeinstitute.org/conservative-n…
🚩UnConstitional #ESJ #ESG
Uses SocialJustice
Credit+Race+#Equity
INFRINGE:#BillOfRights
#InalienableRights
🚩#ExecutiveOrder14067
#SocialScore DigitalID:
+LIMITS EV #GeoFence
+BANS Bank loan
House/Car/GUNS
👋NO #2ndAm
+Reports #CarbonFootprint
GPS DATA to IRS
Pay #PerMileTax
Uses SocialJustice
Credit+Race+#Equity
INFRINGE:#BillOfRights
#InalienableRights
🚩#ExecutiveOrder14067
#SocialScore DigitalID:
+LIMITS EV #GeoFence
+BANS Bank loan
House/Car/GUNS
👋NO #2ndAm
+Reports #CarbonFootprint
GPS DATA to IRS
Pay #PerMileTax
A new era of global polarization...
From BRICS' new currency plans to trade in the Chinese Yuan... let’s take a look at recent events that have significantly propelled this trend.
A 🧵👇 (1/10)
From BRICS' new currency plans to trade in the Chinese Yuan... let’s take a look at recent events that have significantly propelled this trend.
A 🧵👇 (1/10)
2/10: The biggest recent catalyst are the sanctions imposed on Russia...
Sanctions have forced Moscow to look for other ways to get paid for their #oil, LNG, wheat, etc. This has led to more international trade using the Russian ruble, the Chinese yuan, and other currencies.
Sanctions have forced Moscow to look for other ways to get paid for their #oil, LNG, wheat, etc. This has led to more international trade using the Russian ruble, the Chinese yuan, and other currencies.
3/10: Russian parliamentarian Alexander Babakov, recently revealed that the BRICS countries are working on the development of a new form of currency.
The nations involved will pitch ideas related to the objective during its upcoming summit in South Africa in August.
The nations involved will pitch ideas related to the objective during its upcoming summit in South Africa in August.
🧵 Gulf Marine Services #GMS.L - A deleverage story in a rapidly improving offshore market
Below a short analysis made with @Magnus12316
#rigs #shiptwit #oil #oott #offshore
1/n
Below a short analysis made with @Magnus12316
#rigs #shiptwit #oil #oott #offshore
1/n
THE FLEET
#GMS.L has a fleet of 13 advanced self-propelled, self-elevating support vessels, mainly in the AG (and one vessel in the North Sea).
These are accommodation units for workers servicing offshore oil fields.
2/n
#GMS.L has a fleet of 13 advanced self-propelled, self-elevating support vessels, mainly in the AG (and one vessel in the North Sea).
These are accommodation units for workers servicing offshore oil fields.
2/n
Unless fields are "closed" permanently, they need to be serviced.
The dayrate is the basic income of the vessels, then there are add-ons (VSAT, catering, etc)
GMS has 6x K-Class (Small), 3x S-CLass (medium) and 4x E-CLass (large).
3/n
The dayrate is the basic income of the vessels, then there are add-ons (VSAT, catering, etc)
GMS has 6x K-Class (Small), 3x S-CLass (medium) and 4x E-CLass (large).
3/n
In today’s #MoneyShow #MarketMinute:
#Equities are adding to Friday’s gains in the early going today, while Treasuries, #gold, and silver are selling off. The dollar is flattish while #oil is slightly higher.
On the news front...
#Equities are adding to Friday’s gains in the early going today, while Treasuries, #gold, and silver are selling off. The dollar is flattish while #oil is slightly higher.
On the news front...
The banking sector is catching a reprieve here, and that’s leading to “Risk On” trading across all asset classes. First Citizens Bancshares / $FCNCB is buying $119 billion of #deposits and $72 billion of #loans from failed Silicon Valley Bank.
Meanwhile, the Chairman of Saudi National Bank Ammar Al Khudairy resigned for “personal reasons.” He helped trigger the plunge in shares of Credit Suisse Group AG $CS several days ago.
