Nasios

@StratosphereBot I am onboard Thank you

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@staunovo The question is why iron ore didnt?

Copper slumped by the most in five months after President Donald Trump threatened a “massive increase” of tariffs on Chinese goods, in comments that sparked turmoil across financial markets. Prices slid more than 4% below $10,400 a ton on the London Metal Exchange, wiping out gains that lifted prices towards a record high on Thursday. bloomberg.com/news/articles/…

@Big_Orrin what abt the cost of paying demurrage should not be negligible at the current levels

@UrbanKaoboy @BurggrabenH why not sell Brent futures to keep it simple?

@BurggrabenH Gonna take the under on that one! I’ll be looking for Short Opportunity #13 in the next couple weeks in $XOP again.

OPEC demand revision. No idea how they still get to 2.1mbpd growth… „This slight revision reflects actual data” for the first and second quarters, “as well as softening expectations for China’s oil demand growth in 2024,” OPEC’s Vienna-based secretariat said. Even with the reduction, the organization still sees oil consumption expanding this year by a “healthy” 2.1 million barrels a day, to average 104.3 million a day. @UrbanKaoboy

@chigrl Has the add day of feb taken into account?

🇨🇳China Jan-Feb crude imports rise on strong holiday travel demand China's imports of crude oil rose 5.1% in the first two months of 2024 from a year earlier, data showed on Thursday, as refiners ramped up purchases to meet fuel sales during the Lunar New Year holiday. Imports during January and February amounted to 88.31 million metric tons, or about 10.74 million barrels per day (bpd), according to the General Administration of Customs. That compared to 10.4 million bpd in the corresponding period last year. (Reuters)

@BurggrabenH any good source on the cost of production in Brazil and in general? Supply is one thing but cost of marginal barrel is also important. Especially when the lowest cost production remains restricted

There is a very good chance Brazil will achieve the 5mbpd crude oil production target by 2028 (exit rate Dec 2023 at 3.9mbpd ex natgas), the more I study it... Insane line-up: - most prolific fields are still young, i.e. best yet to come; - Buzios expansion of 1.4mbpd from current 640kbpd output to 2mbpd by 2027 - let that sink in...!!!!; - Campos legacy declines won't matter for future field mix; - outstanding development pipeline; etc. 2Ps are poorly documents by Petrobras; hence Burggraben estimates (OOIP & RF) but I'd rather be roughly right than precisely wrong while Buzios alone may well contain a lot more reserves. PS: below field numbers based on Kpler data and BGH FPSO/tieback allocation may differ from the most professional ANP field reporting. @Geology_James @OilXs @PauloMacro @ANPgovbr

@Big_Orrin what abt cutting ref runs?

@EcoSenseNow You are wrong

OK, we need to double electricity supply, and do it with wind and solar which at best works 1/3 of the time. The only time the back-up batteries can be recharged is when the wind and solar are working. Therefore we must produce 6 times as much electricity. Tell me I’m wrong.

@anasalhajji @30KFTView No specific data just the fact that natgas should be either LNG or CNG to be stored and compared to crude there are no easy/cheap solutions as caverns seems to be an explanation.

@NasiosV @30KFTView Please provide some details.

Serious questions and would appreciate your technical feedback Good idea? Why? Bad Idea? Why? Will not work? Why Japan to Propose Global Natural Gas Reserve to Avoid Shortages energyconnects.com/news/gas-lng/2…

@anasalhajji @30KFTView Gas is not stored efficiently for long term and large storage facilities are not available and even if they are built will be very expensive.

@30KFTView They are not.. They import large amount of LNG from a dozen countries

@ExplainThisGod @TimRamboReal @charliebilello Even more interesting to incorporate into the equation fiscal deficits Should be totally diff picture

@TimRamboReal @charliebilello "Do not be anxious about anything, but in every situation, by prayer and petition, with thanksgiving, present your requests to God." - Philippians 4:6

The Fed Funds Rate is now over 2% higher than the US inflation rate. The last time monetary policy was this tight with a Fed Funds Rate above 0% was back in August 2007.

@Big_Orrin Boj is the big ?

@INArteCarloDoss 🇬🇷🙃

Lunch

@INArteCarloDoss now that Yellen is going there, the question is if China will give to relieve some pressure. then we might see a broad risk on at least in the short/medium term

The fuckery in China Construction is real and will continue weighting on the economy

@Big_Orrin Thank you for your reply! Saudis/Russian less supply makes sense . But if they were using hsfo for energy should't we also see natgas and coal much higher? Perchem demand also make sense seeing manufacturing at so low levels but again we have all stock markets only up

@Big_Orrin Big_Orrin seems huge strength on Sing380. Is it still naptha weakness the reason or you see something else might be developing?

@ektrit can you explain?

@ektrit Very interesting perspective! Appreciate yrs

Poverty= Income to just have enough food and pay for rent and public transport.

@ektrit how do you define poverty Kris? can you explain further the argument pls?

#krisonomics postulates: Rising minimum wage = rising of poverty Minimum wage adjusted here to redistribute real goods and services from middle class to the poor.