@MichaelAArouet France will push an agenda to harmonize pensions in Europe to plunder pension funds in other EU member states like the Netherlands.
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TraderTaco
4.7K posts
TraderTaco
@TraderTaco
Race-rower, mechanical engineer, trader, prepper, wood-chopper, likes to fly at his Ducati Monster.
Stroke Seat Katılım Ağustos 2019
519 Takip Edilen200 Takipçiler
This is a wild chart. It makes me laugh every time I see it.
And it’s not only the absurdity of the level of French pensions, the French also retire years earlier than other Europeans.
It has worked as long as the markets absorbed more French debt, it won’t last forever. Enjoy.
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@robinmonotti When Italy was hit by Covid the European stocks markets crashed.
Today, Italy is hit by fuel shortages and the oil price will go parabolic. 🚀
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BP BEGINS AIR FUEL RATIONING IN ITALY
Priority will be given to flights for health purposes, carrying government officials, and flights of over 3 hours duration.
The masses will face drastically reduced short haul flights in the airports of Bologna, Milano Linate, Venice & Treviso.
Agenzia ANSA@Agenzia_Ansa
Prime restrizioni sul rifornimento di carburante per i voli negli aeroporti di Bologna, Milano Linate, Venezia e Treviso. Air Bp Italia ha emesso un Notam che prevede distribuzione contingentata fino al 9 aprile: priorità ai voli sanitari, di Stato e alle tratte oltre le tre ore, mentre per gli altri potrebbero verificarsi disagi e rimodulazioni operative. #ANSA ansa.it/sito/notizie/e…
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@C_Barraud We will quickly find out which OPEC members were overstating their production capacity to get higher qouta.
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🛢 *OPEC+ AGREES IN PRINCIPLE TO RAISE QUOTA 206K B/D: DELEGATES - BBG
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Crucial chart of physical crude oil price marking the Era of Scarcity. Oil futures prices will catch up with physical in the next 1-2 weeks.
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@EelcoHoecke @RTLnieuws Toen ik stemde was de “meerderheid” van 0% voor een autoloze zondag. 😂
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Bent u voor een autoloze zondag en nog langzamer rijden op de SNELweg zoals @rtlnieuws beweert?
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TraderTaco retweetledi
Let the fuel bidding war begin.
Vortexa data shows six diesel tankers from the US Gulf Coast en route to Europe who diverted toward the South Atlantic on 2 April. Destination unclear: SA, Asia or both.
Alexander Stahel 🌻@BurggrabenH
Diesel in Europe is now US$205/bbl. Like jet, it needs to demand destruct, just less violently. Ceteris paribus, roughly 3–6% of EU27+UK consumption has to go into May or June. Exact timing depends on flows. The difference vs jet is buffers. Inventories, refinery flexibility, and SPRs may absorb part of the shock. That slows the adjustment, it does not remove it. Keep in mind, the EU27+UK import roughly 1mbpd of diesel out of 4.5mbpd consumption. Europe is structurally short diesel and long gasoline, a legacy of 25 years of dieselisation. Time will tell. If you need a new car this month, perhaps go for petrol, not diesel 😆
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@leonhillen Als mensen met vermogen emigreren gaat het percentage socialisten in NL omhoog en dat levert de huidige regeringscoalitie relatief meer stemmen op.
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@AndreasSteno You are applying a forward looking stock market model to a commodity like oil… This is not like the airliners and cruise company stocks at the end of Covid. We need oil every day and if it arrives next month it’s to late.
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Markets typically bottom, when the rate of change improves
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@Nostre_damus The market is only just starting to realize how hard the oil (and oil products) deficit will hit the world this month. The current move in oil prices is just the beginning of a parabolic rise up.
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@mercoglianos Hi Sal, big ban of your work. I find your message confusing and had to read it several times to understand. You mean the vessel took in diesel as bunker fuel? “Loading” initially gave me the impression it filled up tanks for transport.
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One of the most interesting pieces of information I had we relayed to me was that one of the ships stuck in the Persian Gulf loaded with diesel fuel vice Very Low Sulphur Fuel Oil (VLSFO).
The reason?
Diesel was substantially cheaper because of the amount of diesel stuck in the Persian Gulf.
Jack Prandelli@jackprandelli
🚨Middle East fuel exports just collapsed after Hormuz disruption: • Diesel ↓ sharply • Jet fuel ↓ • LPG / Naphtha ↓ • Gasoline ↓ From 7 mb/d → 2.5 mb/d in weeks. No diesel → no trucks No jet fuel → no flights No products → no real economy Oil is the headline. Refined fuels are the system. Subscribe to my newsletter, link in my bio
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@SheDrills @CRUDEOIL231 Imminent reopening of the Strait won’t keep prompt oil prices down. If you need oil mid April, the barrels won’t arrive in time.
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@TraderTaco @CRUDEOIL231 The complacency is the expectation that the Strait reopening is imminent.
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@AndreasKinnegi1 Al die abmtenaren stemmen op partijen die een grote overheid in stand willen houden dus de kans op een kleinere overheid is helaas klein.
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Dit zijn alleen nog maar de rijksambtenaren. Het kan zo niet doorgaan. Een kleine ambtenarij is olie, een grote is zand in de machinerie van de samenleving.
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@ChaquittiEddi @themarketear Summer is the injection season. A lot of natural gas will be required to fill up the storages for winter Q4-26 and Q1-27.
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@themarketear there will be less but it is summer soon. not that much gas is needed in the next months
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The final two LNG Qatari cargos will arrive in Europe by April 13th. After that, physical tightness in European gas markets will begin to intensify. No fresh Qatari cargos likely on the way for at least 2-3 months.
zerohedge.com/the-market-ear…
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@YourAnonNews 800 euro’s ($920) to fill up a pleasure boat. Expensive weekend to cruise down the river.
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@Rory_Johnston @mercoglianos Dated Brent is not very liquid and if there’s no spot available for the Platts dates, large traders can bid it up aggressively in the window.
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Dated Brent (physical spot) price
Truly insane chart, uncharted territory fr
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