NG going bonkers today
Posted: Wed Nov 23, 2022 9:08 am
Freeport is stated as starting mid December, possible cold shot 11-15 days out
Crazy insane vol. Dec up 11 %
Crude down hard on lower inventories..makes no sense..market is saying glut
EU is watering down Russia sanctions, my surprised face
Plan was to ban oil on 12/5
Now its ban oil unless price is right.
https://www.reuters.com/business/energy ... 022-11-23/
Funny stat:
If the G7 price cap on Russian oil is ultimately set at $65-$70 a barrel (as the leaks suggest), one has to wonder how G7 member Canada is coping.
The benchmark Western Canadian Select crude sells currently for ~$51 a barrel. Maybe Trudeau is in more trouble than Putin
Crazy insane vol. Dec up 11 %
Crude down hard on lower inventories..makes no sense..market is saying glut
EU is watering down Russia sanctions, my surprised face
Plan was to ban oil on 12/5
Now its ban oil unless price is right.
https://www.reuters.com/business/energy ... 022-11-23/
Funny stat:
If the G7 price cap on Russian oil is ultimately set at $65-$70 a barrel (as the leaks suggest), one has to wonder how G7 member Canada is coping.
The benchmark Western Canadian Select crude sells currently for ~$51 a barrel. Maybe Trudeau is in more trouble than Putin