In de olie of uit de olie #2

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Op maandag 20 april 2020 19:31 schreef wolfrolf het volgende:

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Wat zeg je nu dan? vanaf juni stijgt de olieprijs weer explosief ofzo?

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Op maandag 20 april 2020 19:20 schreef Digi2 het volgende:

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Daar zit nu juist een groot probleem. Koude olievelden stilleggen in Rusland is desastreus. Met het weer operatief krijgen van dergelijke olievelden gaan enorme kosten gepaard. In die zin is Rusland het meest kwetsbaar.

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Op woensdag 18 maart 2020 22:10 schreef Oud_student het volgende:

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Ik wacht nog tot ik geld toe krijg
Ik kan me de discussies nog herinneren over "peak oil" meer dan $200 per vat, waar zijn deze deskundigen gebleven?
Ik heb altijd gezegd dat de olieprijs onvoorspelbaar is, in de dagelijkse handel zie ik wel trends, maar die duren meestal een paar dagen. Echt een fundamentele voorspelling over een jaar is onmogelijk.

Het lijkt er nu op dat de olieproducenten gedwongen gaan worden om productiebeperkingen in te voeren, want deze lage prijzen zijn voor de meeste (alle?) olieproducerende landen niet vol te houden. Ik meen al een lichte trendbreuk te zien (ik heb er iig op gespeculeerd)

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Op maandag 20 april 2020 19:45 schreef michaelmoore het volgende:

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Dan moet ie opslag kopen
tankers en tanks

Maduro die krijgt nu helemaal geen ene cent meer binnen

twitter:

business twitterde op maandag 20-04-2020 om 19:51:32 BREAKING: Oil drops below $1 a barrel https://t.co/eKd7HuZjow https://t.co/bk0uPFlupN reageer retweet

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CNBCnow twitterde op maandag 20-04-2020 om 19:58:11 BREAKING: Crude oil's May contract plunges as low as just $0.01 per barrel https://t.co/HlsH3slbGO https://t.co/gnRJGEpmcz reageer retweet

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Op maandag 20 april 2020 19:50 schreef Oud_student het volgende:

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Maduro kan dan bankbiljetten drukken van -1000.000

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CNBCnow twitterde op maandag 20-04-2020 om 20:09:52 BREAKING: Crude oil price on May contract goes negative for the first time https://t.co/HlsH3slbGO https://t.co/394UjlZ0vg reageer retweet

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W7VOA twitterde op maandag 20-04-2020 om 20:16:36 Update: #WTI crude May futures now trading -$7.31/bbl. reageer retweet

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Op maandag 20 april 2020 20:21 schreef Scorpie het volgende:

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Gratis olie !

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Op maandag 20 april 2020 20:07 schreef cherrycoke het volgende:

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1 triljoen zimbabwe dollars

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CNBCnow twitterde op maandag 20-04-2020 om 20:25:27 BREAKING: Crude oil prices on the May contract plummet below negative $10 per barrel; crude oil is down more than 160% percent on the day https://t.co/HlsH3slbGO https://t.co/c4jS8s856K reageer retweet

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This oil price crash isn’t as bad as it seems — here’s why

By one measure, U.S. oil fell more than 100% to a negative value on Monday — something it’s never done before. But the picture in the oil market might not be as bleak as this eye-popping decline would suggest.

Futures contracts are tied to a specific delivery date. Toward the end of a contract’s expiration date, the price typically converges with the physical price of oil as the final buyers of these contracts are entities like refineries or airlines that are going to take actual physical delivery of the oil.

Futures contracts ultimately are contracts for psychical delivery of the underlying commodity or security. While some people in the market speculate on the contracts, others are buying and selling because they have use for the commodity itself. Near the contract’s expiration, traders just start buying the next month’s futures contract. Those who stay in the position to the final day are typically buying the physical commodity, such as a refiner.

The contract that fell more than 100% on Monday is for May delivery, and it expires on Tuesday. With the coronavirus pandemic leading to unprecedented demand loss, and with storage tanks quickly filling up, there is no demand for this oil contract expiring Tuesday.

That’s why it turned negative, meaning producers would pay to get this oil off their hands because there is no one that needs that oil this week with the country shutdown.

Futures contracts trade by the month. The contract for June delivery traded 16% lower at $21.04 per barrel.

So when traders and buyers wake up Tuesday, oil will be back above $20.

The U.S. Oil Fund, which tracks the price of various futures on oil, fell just 10%.

Trading volume was also relatively thin in the May contract. According to data from the CME Group, volume stood at roughly 126,400. By comparison volume for the June contract was nearly 800,000.

Again Capital’s John Kilduff attributed the plunge in the May contract to the fact that “the physical oil market conditions are a disaster, with growing concerns about finding available storage.”

Longer-term, he said the picture looks brighter.

“The higher priced, longer-dated futures contracts are indicative that of the market expecting some level of clearing in the cash market over the course of the next several months,” he told CNBC. “Given the rapid decline in the U.S. oil rig count and the expected cutback by OPEC+ members that is a reasonable assumption.”

That said, he noted that as the subsequent contracts reach expiration, they could engage in their own “death march down towards the super-low cash prices.”

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Op maandag 20 april 2020 20:27 schreef dellipder het volgende:

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Op maandag 20 april 2020 20:29 schreef Multatilu het volgende:

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Grappig, ik was exact dit artikel aan het lezen om te ernst van de zaak te begrijpen. Meest treffende zinnetje is denk ik wel dat de prijs morgen weer op 20 dollar staat.

Voor liefhebbers van Noorse zalm, even de Noorse Kroon in de gaten houden. Die is ook sterk aan de Olieprijs gekoppeld. Kun je lekker goedkoop zalm inkopen.