Discover and read the best of Twitter Threads about #OilMarketCrash
Most recents (3)
#BeyondHeadlines: There are not-so-obvious global reasons why the #OilMarketCrash is NOT good for #India.
Heavy #QE/ currency pressure + Intense #geopolitical tension
= #India, importer & friend to all oil producers, in the crosshairs.
Thread on these impacts of #OilPrice đ
Heavy #QE/ currency pressure + Intense #geopolitical tension
= #India, importer & friend to all oil producers, in the crosshairs.
Thread on these impacts of #OilPrice đ
US #oilprice crashed negative for the 1st time in history. West Texas Intermediate (a US crude) traded as low as -$40.32 a barrel. So far the bulk of the losses are in US crude, -200 to -1000%! Global (Brent) crude has not gone down as much because global storage still exists.
Danmark og 1950er-syndromet: PÄ en dag, hvor #USA #OilMarketCrash er faldet til <0 USD(!), er det tid til at fortÊlle om, da Danmark blev afhÊngig af billige og rigelige forsyninger af rÄolie i Ärtierne efter #WW2. #dkenergi #dkhist #dkgreen #dkklima #dkpol #envhist #envhum 1/16
Det har @MogensRudiger og jeg skrevet om i det nye bogkapitel: "1950s Syndrome and Danish Energy Consumption and Production": Download: bit.ly/2RQDBHm #dkvid #dkgreen #dkforsk #energyplanning #dkhist 2/16
Begrebet â1950er-syndrometâ er fra schweiziske historiker, Christian Pfister @unibern som samlebetegnelse for den periode fra WW2-afslutning til 1973, hvor kombi af dyr faglĂŠrt arb.kraft og billige fossile brĂŠndsler faciliterede en radikal omlĂŠgning af de vestlige samfund. 3/16
1. Most popular grades of oil quality are West Texas Intermediary (WTI) & Brent North Sea Crude (Brent) (sourced from US from Permian basin)
Itâs a benchmark for North America
Itâs a benchmark for North America
2. Brent is a blend from of 15 oil fields n other in the North Sea. It's 2/3rds of world production. Benchmark for Africa, Europe + Middle East
