Morridin
1.8K posts
Things you say just before the market shoves a giant spiky dildo right up your arse
Councils have called on the NSW government to hit pause on approvals of new data centres until it sets rules to guarantee their power and water usage will not harm local communities and the construction of new housing ebx.sh/zVWsuD
"I think that Hyperliquid will eat commodities trading. It's cool to watch oil perps trade on weekends, [but] that's literally 1% of what's possible for just one commodity." @jvb_xyz @1000xPod
Guess what’s making a strong comeback? COAL! Asian utilities are turning to coal as US/Israel–Iran conflict disrupts LNG supply, with South Korea, Japan, Taiwan and India facing losses of contracted volumes and limited ability to replace them at current spot prices. @Kpler #OOTT
Crude Market Flash: Unsanctioned Iranian barrels likely heads intra-China, payment is the constraint - Chinese independent refineries (aka teapots) are buyers of cheap, sanctioned barrels that included Venezuela, Russia and Iran crude and fuel oil. - Since January, access to Venezuelan feedstock have been cut off, leaving the teapots only Russian and Iranian options - With the 30 days sanctions waiver on Iranian oil, it is likely that teapots will face higher competition against Chinese state-owned refiners to purchase the oil - The volume of oil-on-water noted as 140 mb by the US includes crude in transit, so probably more like ~60 mb of actual floating storage gets cleared, which would have anyway gone into China eventually - Indian refineries could come into the fray given proximity to the floating barrels - South Korea has been scarred by payment issues faced during the sanctions waiver of 2019 and unlikely to participate - Bottom line, it has a net zero impact to supply into the markets if the barrels end up into China which has a product export ban By @JuneGoh_Sparta, Senior Oil Market Analyst. For deeper market intelligence, daily commentaries, and expert insight, access Sparta Knowledge with a free 30-day trial: signup.sparta.app #oott #gasoline
Superb work by Dave Leitch
Has anyone ever gotten really wealthy trading their own account without experiencing some brutal drawdowns?
