Tracy Shuchart (𝒞𝒽𝒾 )

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Tracy Shuchart (𝒞𝒽𝒾 )

Tracy Shuchart (𝒞𝒽𝒾 )

@chigrl

Senior Economist at NinjaTrader Live/NinjaTrader Group LLC. CEO/Founder Hilltower Resource Advisors LLC. @HilltowerRA Substack: Renegade Resources

Florida, USA Katılım Şubat 2009
983 Takip Edilen359.1K Takipçiler
TankerTrackers.com, Inc.
TankerTrackers.com, Inc.@TankerTrackers·
Kharg Island isn’t maxed out of storage space. If it were, they would grab the nearest available tankers and top them up. Instead, oil production has slipped to match the drop in tanker loadings. There are still plenty of tankers they can load.
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Tracy Shuchart (𝒞𝒽𝒾 )
Color me shocked.... "But as lawyers and advisers pore over the 90-page document, industry reaction suggests that turning agreements into operating contracts may take longer than expected" >> Venezuela Pitches Oil Contract to Kick Off Talks With Drillers Venezuela’s national oil company has begun circulating a long-awaited proposed contract to energy companies interested in working in the Latin American nation, a key step toward reviving its crude production. The document reviewed by Bloomberg lays out conditions for Petróleos de Venezuela SA, or PDVSA, to work with companies to restart oil wells, drill new ones and market production. The state-owned company began sharing the model contract late last week with oil executives, advisers and others in the industry. Oil companies that already have preliminary production agreements with PDVSA have been waiting for the framework for weeks as a starting point for negotiations. But as lawyers and advisers pore over the 90-page document, industry reaction suggests that turning agreements into operating contracts may take longer than expected. (Bloomberg)
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Tracy Shuchart (𝒞𝒽𝒾 )
Hormuz crisis threatens 20% of global copper production The Middle East conflict ­threatens 20 per cent of world copper ­production due to ­disrupted raw material flows and higher costs across a supply chain ranging from Africa through China to South America, a Chinese state-owned metal company’s research institute has warned. As leading hubs for hydro­metallurgical copper production, the Democratic Republic of Congo (DRC) and Chile were highly exposed to the supply shock, the China Minmetals Economic Research Institute said in a report. The report from the institute, part of China Minmetals – one of the world’s largest metal and mineral traders – said it ­anticipated a delayed impact. “Due to the industry characteristics of hydrometallurgical copper, its production can withstand short-term disruptions in sulphuric acid supply,” it said. “Therefore, the impact of this sulphuric acid shortage on global copper supply will have a clear structural and time-lag effect.” (SCMP)
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Tracy Shuchart (𝒞𝒽𝒾 )
OPEC+ monthly crude oil production fell to a new five-year low in April Eighteen of the 22 OPEC+ members participating in the group’s production cut deal recorded output below quota levels for the ninth consecutive month. (BNEF)
Tracy Shuchart (𝒞𝒽𝒾 ) tweet media
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Global Copper Scrap Supplies Set to Tighten as Japan Holds Back Global copper scrap supply risks tightening as Japan, which accounts for about 7% of exports, increasingly holds back premium material for domestic smelters. Low treatment and refining charges and concentrate shortages are accelerating Japan's shift toward recycled copper, yet major capacity additions of about 60% won't materialize until fiscal 2030. That leaves global markets short of high-quality Japanese scrap just as demand rises. (Bloomberg)
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