Kreg retweetledi
@nobenchmark @abaxx_exchange NPA contract now 52% of JKM volume and a major LNG producer saying Henry Hub is not relevant to their LNG pricing.
Definitely a big deal.
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Kreg
241 posts
Kreg retweetledi
Seven year overnight success.
Abaxx Exchange volumes really taking off (maker and taker), even with connectivity still in early innings. …but commodity industry knows we got our markets right and these early volumes are proving it.
At full RPC we’d be at ~$25mm annualized today already (were about ~$1mm annualized last quarter end).
Based on 1mm contracts a day medium term target, we’d be running a 300-400% CAGR for 3-4 years off this first stage (that’s the operating leverage an institutional exchange-clearinghouse has).
Commodities futures (and data) are the best business in the entire financial service stack, and we’ve put together the best commodities team on the planet just as the world needs our business most …this is just the beginning of the flywheel.
$ABXX #29ers #Gold #LNG #Lithium
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Kreg retweetledi
We built Abaxx Exchange ahead of a global gas/LNG crisis
We built 🆔++ ahead of an internet identity crisis
#worldbuildersorbust #29ers $abxx
Marc Andreessen 🇺🇸@pmarca
It’s time for Proof Of Human.
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Kreg retweetledi
Singapore Trading Hours Still Have An Hour And A Half Left. ALREADY 3x RECORDS
1. LNG GOM RECORD - 2095 Lots and Counting
2. LNG NPA RECORD - 2006 Lots and Counting
3. DAILY REVENUE RECORD: $78,585 USD and Counting
@abaxx_exchange @abaxx_tech @JoshCrumb @JoeRaia5 @DavidVGreely @wuthel
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Kreg retweetledi
US winter #wheat drought is becoming harder to ignore.
March remains dry. Rain is increasingly needed.
Kansas may see some moisture, but largely outside key production zones.
In February, US dryness was widely cited as the driver of strength. Our view was different - geopolitics, not weather.
At the time, dryness wasn’t critical. That balance is now shifting.
This risk is rising on our radar → sizov.report/?utm_source=tw…
#oatt #awgx
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Kreg retweetledi
Congress reading about their role in government
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⬇️Stockpiling will continue after Strait is opened. Global petroleum reserves will not only be refilled but expanded.
Like COVID impact: just in time to just in case.
Anton Likhodedov@ALikhodedov
STRATEGIC STOCKPILING "When the world feels insecure, it hoards. The 1979 Iranian Revolution proved the pattern. The physical shortfall was 1.5–2 million b/d net of Saudi offsets, roughly 4–5% of global supply. But precautionary hoarding doubled the effective demand impact to 3–4 million b/d at the peak of the panic(Kilian, 2009). Prices rose from $13/bbl in mid-1979 to $34/bbl by mid-1980, a response wildly disproportionate to the physical loss. Zhou (2020), building on Kilian and Murphy (2014), estimates that precautionary storage demand raised the real price of oil by at least 20% between May and December 1979 —after Iranian production had already recovered. Applying a short-run demand elasticity of −0.1 to the 63 million b/d market of 1979 implies roughly 1–1.5 million b/d of hoarding demand. Scaled to today’s 103 million b/d market, acomparable response would be 2–3 million b/d. One could argue the response should be larger still: in The New Joule Order, geopolitical anxiety around crude flows is structurally higher, and the United States is no longer as incentivised to defend the global oil trade as it once was." (c) Jeff Currie & James Gutman. PS Getting ready to hear more on how oil is going back to 60 very soon.
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Kreg retweetledi
I’m asked frequently about whether governments are intervening in futures markets already, and I have no idea nor have I seen any evidence.
But, if they are and if Hormuz remains shut, it’ll only work for a bit longer before physical markets rip your face off
𝐏𝐢𝐧𝐞𝐜𝐨𝐧𝐞 𝐌𝐚𝐜𝐫𝐨@pineconemacro
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Kreg retweetledi
Hard to believe it but @abaxx_exchange is +20,000 contracts and the day is not over. 3 hours to go. Also have another first, the Lithium Carbonate Contract out of Singapore has Volume!
22,006 Contracts at the time of this screen shot.
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Kreg retweetledi
Kreg retweetledi
Abaxx Exchange reached a new weekly trading volume record in the week ending March 20, with activity driven by record gold and LNG volumes.
Total Q1 volume reached 149,779 contracts, a 55% increase over the 96,456 contracts reported in Q4'25.
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Kreg retweetledi
United Airlines bracing for $175/barrel and minimum $100/bbl through 2027 #OOTT
Prime@nucleusprime
#BREAKING 🇺🇸United Airlines CEO just told employees the quiet part out loud: Oil hitting $175/barrel. Not back to $100 until end of 2027. That’s not a crisis projection. That’s a 2-year business plan built around permanent energy disruption. SAS already cancelled 1,000 flights. More European carriers following. Now America’s second-largest airline is planning for $175 oil as the baseline. Airlines run on 2-3% margins. Fuel is 20-25% of costs. The Iran war doesn’t end when the bombs stop. United Airlines just told its employees it lasts until at least 2028.
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Kreg retweetledi
More evidence of Asian counties performing a LNG-to-coal fuel switch: Thailand has reactivated two coal-fired units that had been mothballed.
The switch is important to put a lid on global LNG (and European gas) prices.
bangkokpost.com/business/gener…
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Kreg retweetledi
GLOBAL LNG supply set to tighten as last tankers from the Gulf unload: ft.com/content/64c5a6…
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Kreg retweetledi
Latest Thoughts On The Oil And Natural Gas Market Amidst The Prolonged Iran Conflict
hfir.com/p/latest-thoug…
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Kreg retweetledi
For most of Qatar's Asian buyers, replacing lost oil-indexed LNG in the spot market is *very* expensive...
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