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kmi

kmi
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  • Stalled pipeline projects threaten Canada’s economic future, banker warns [View news story]
    Canada's oil production breaking records, and grew through 2014 and still is.
    Apr 9, 2015. 05:51 PM | 3 Likes Like |Link to Comment
  • Crude bounces following drubbing yesterday [View news story]
    USO alone holds some 56,000 contracts representing 56m barrels (1,000 barrels per contract), or most of the Cushing inventory. Fun fun.
    Apr 9, 2015. 02:09 PM | 1 Like Like |Link to Comment
  • Higher than expected inventory build sends natural gas futures in red [View news story]
    Nat gas because it is piped to demand actually reflects fundamentals far more clearly than any other commodity. More of the trades in /ng reflect market participants than in /cl and others. That's usually why traders have a tough time in it.

    On a different note, nat gas will continue soft until the pipelines to demand areas are fleshed out, which is a work in progress. The demand is out there it's just an issue of getting the supply there.
    Apr 9, 2015. 02:01 PM | 4 Likes Like |Link to Comment
  • Foreclosure victims returning to market [View news story]
    Once burned twice shy, the impact of this event is not at all clear yet.
    Apr 9, 2015. 01:59 PM | 1 Like Like |Link to Comment
  • Dimon: Next crisis could be shaping up in Treasury market [View news story]
    Treasury volatility and volume has picked up noticeably in the last 6 months, I've noticed it too.
    Apr 9, 2015. 01:51 PM | 3 Likes Like |Link to Comment
  • Oil back on the move after brief pause [View news story]
    Over here:

    http://bit.ly/1MblyAZ


    I see USO selling May '15 futures at $53.98 and buying June '15 futures at $55.23. So there's the spread you are effectively paying for. How precisely it impacts USO's price I have no idea.

    I think watching USO to inform trading you're best bet is to watch momentum and ride the train... USO's momentum is bullish right now even with all the fundamentals pointing bearish, but it carries enough weight - along with other oil linked ETFs - to push the market.

    Also watch when oil moves in direction of dollar....
    Apr 8, 2015. 07:53 AM | 1 Like Like |Link to Comment
  • Oil back on the move after brief pause [View news story]
    That's not quite accurate. There were exemptions for some amounts of oil shipped to those countries in the sanctions, which reduced the amounts of oil purchased by those countries from Iran significantly. And because of the way oil is transported they severely restricted the capacity of Iran to move oil around the world. Also, let's add S Korea in the countries buying oil from Iran, and point out that China and India are both centers of oil demand growth which has been decreasing.
    Apr 8, 2015. 07:27 AM | 1 Like Like |Link to Comment
  • Oil back on the move after brief pause [View news story]
    According to Platts as of March 30, one major ETF -- the US Oil Fund -- owned 57,956 NYMEX May crude contracts, compared with 7,151 front-month NYMEX crude contracts six months prior... totaling 12% of open interest in the NYMEX May crude contract. And that's just one fund.

    There's a ton of speculative momentum propelling oil right now.
    Apr 7, 2015. 05:51 PM | 1 Like Like |Link to Comment
  • ECB bond purchases hit €52.5B in first month [View news story]
    ...and Spain's yielding negative now...
    Apr 7, 2015. 01:58 PM | Likes Like |Link to Comment
  • Oil surges on signs of growing demand, tempered Iran view [View news story]
    Spec money has been floating oil for a while now, and it's lifting off now. Expect the air to come out a bit around contract expiration but the amount of bullish spec money out there can still do interesting things. This is pure spec movement, not supply-demand. The 'herd' as you say is long and has been doubling up at least since february.
    Apr 6, 2015. 08:41 PM | 1 Like Like |Link to Comment
  • Crude Oil: The Fundamental Bottom Is In [View article]
    The last time there was this much bullish commentary and interest in general in oil was 2008....
    Apr 6, 2015. 06:31 AM | 1 Like Like |Link to Comment
  • Crude Oil: The Fundamental Bottom Is In [View article]
    Oil up is pure speculative money.... not demand.....

    It's even in the SAlpha currents:

    "Speculators boosted their net-long position in crude by 21% during the seven days ended March 31, CFTC data show, the biggest percentage increase since March 2011. Short positions declined by the most in three months."
    Apr 6, 2015. 06:25 AM | Likes Like |Link to Comment
  • Opinions vary widely on meaning of Iran deal for crude oil prices [View news story]
    One of the reasons/places we import Brent is the NE where it is cheaper to procure than domestic crude from the Gulf which must then be shipped to the NE. The pipelines and ships to do so economically don't exist for various reasons (including the Jones Act).
    Apr 4, 2015. 11:46 AM | Likes Like |Link to Comment
  • Opinions vary widely on meaning of Iran deal for crude oil prices [View news story]
    There isn't agreement on the quantity of the oil, or the number of tankers but that there are tankers loaded with it is fact, as I said.

    Iran is not the EIA, and tracking Iranian oil production, sales and volume is not the same as tracking it in the USA. It's interesting how naive some of the comments are here. There are reports of tankers carrying Iranian crude mixing it in with other crudes to evade sanctions, turning off their ship transponders to avoid being tracked, all sorts of interesting things. So, really, if you are looking for exact numbers on Iranian oil.... good luck.
    Apr 3, 2015. 09:01 AM | 5 Likes Like |Link to Comment
  • Opinions vary widely on meaning of Iran deal for crude oil prices [View news story]
    Oooooooh boy. So let me try and elucidate some of this for you:

    For one, you can start by delving into what it takes for a tanker ship to even enter a port: the documentation associated with that, the insurance, the certificates. You can't simply load a tanker ship with crude oil and sail into a port anywhere. Sanctions affect the insurance companies that insure the ships and cargoes. There aren't many companies that can escape sanctions and have the size and risk tolerance to do that. And I'm just getting started here.

    Not only that but I also find it pretty interesting how intensely Americans today feel that any report on any media anywhere can be a bald faced lie. The tankers loaded with crude have been around for a while and are a well documented fact.
    Apr 2, 2015. 08:26 PM | 6 Likes Like |Link to Comment
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