Tag Archives: Crude Oil

COTD: U.S. Shale Breakeven Oil Prices

Posted on July 17, 2017 by macromon

(COTD = Chart of the Day)                   Source:  World Bank-Global Monthly

Posted in Crude Oil, Uncategorized | Tagged , , | Leave a comment

Crude Oil Gets C- On Today’s Test

Posted on July 12, 2017 by macromon

We were looking for better price action in crude oil after this morning’s EIA release, which did confirm last night’s  API monster draws in inventories and showed that Cushing inventories at their lowest levels since Nov 2015.   But U.S. … Continue reading →

Posted in Crude Oil, Uncategorized | Tagged | Leave a comment

Crude Faces Key Test Today

Posted on July 12, 2017 by macromon

After a monster draw on inventories in the API data released last night,  crude oil faces a key test on the EIA inventory release today.   If EIA confirms API and the oil price can’t hold its gains,  trouble in … Continue reading →

Posted in Crude Oil, Uncategorized | Tagged , , , | Leave a comment

COTD: Petroleum Products Made From A Barrel Of Crude

Posted on July 11, 2017 by macromon

On average, U.S. refineries produce, from a 42-gallon barrel of crude oil, about 20 to 19 gallons of motor gasoline, 12 gallons of distillate fuel distillate fuel, most of which is sold as diesel fuel, and 4 gallons of jet … Continue reading →

Posted in Crude Oil, Uncategorized | Tagged , | Leave a comment

QOTD: The Robots Are Coming, Err, Here

Posted on July 10, 2017 by macromon

Robots Are Taking Over Oil Rigs – Bloomberg  –Automation means wells need only five workers, down from 20 …Rigs have gotten so much more efficient that the shale industry can use about half as many as it did at the … Continue reading →

Posted in Automation, Crude Oil, Uncategorized | Tagged , , | Leave a comment

Why Crude Oil Trades So Poorly

Posted on July 8, 2017 by macromon

Crude oil is the new widow maker.  It trades heavier than a wet dawg in a New York thunderstorm.    Rallies have no legs and it seems the only bid these days are the shorts scrambling for cover. Note the recent … Continue reading →

Posted in Crude Oil, Uncategorized | Tagged , , , | 17 Comments

The Rack Trade

Posted on June 27, 2017 by macromon

Ever have a pairs (spread) trade where both sides were moving against you?  Ouch!  Been there, don’t want to do that.   Well, this is what we call the rack trade  (Kudos to Doug Skrypek for coining the term).   You … Continue reading →

Posted in Bonds, Crude Oil, Uncategorized | Tagged , , , , | 6 Comments

We Call B.S. On The ‘Bots Again!

Posted on June 16, 2017 by macromon

Before hitting the hay we need to call a big B.S. on the bastard ‘bots from Rip (Off) City.    They screwed us again yesterday (June 14) in crude oil futures. First, before we get into the trade,  a little … Continue reading →

Posted in Crude Oil, Uncategorized | Tagged , , | 23 Comments

COTD: Oil Supply Breakeven Prices

Posted on April 20, 2017 by macromon

Hot from the latest International Monetary Fund’s, World Economic Outlook.   Looks like not many of the projects out there making money at $50 bbl. (COTD = Chart of the Day)

Posted in Crude Oil, Uncategorized | Tagged , | 2 Comments

Trafigura on oil outlook – FT

Posted on March 28, 2017 by macromon

The FT’s Neil Hume speaks to Jeremy Weir, chief executive of Trafigura – one of the world’s biggest oil traders – about the outlook for the market and the price of oil. ► Subscribe to the Financial Times on YouTube: … Continue reading →

Posted in Crude Oil | Tagged , , | Leave a comment