Member Info for EmeraldCarrots

Correction! I was discombobulated!
Nein! It's Epicaricacy here in the uk I think!

Nien! It's Epicaricacy here in the uk I think!

likely to be a limit to sell @ 30.1p or so. A large one. So a sell it triggered each time the sp gets to the level. Of course it could be the other way around, a limit to buy @ 30p, stopping the sp from going down. Who knows!!! I suppose a holder coud do both! LOL! Then we would be stuck. LOl!

I want where I work to buy me a laptop.
I need a modern smart phone for the Governments app.
Now, where might I get these from while the shops are closed?
Erm...........

two months ago. the lowest is has been in that time was just under $19 I believe. It is $27.30c as I type this.

as we have read. PMO's hedge of $64 per barrel for 37% of production is still there until July. With luck brent will be $35 by then. But who knows? The saudis probably have the best information, but do they care if Brent is below $35??
All IMHO.

Krakenoil:-
Carrot my guess is the market will be balanced around Christmas time.
I’m going to say Brent will be mid 30’s end of the month
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I'm thinking if PMO and all the other oil Co's (including BP!) are lucky the market may be at $35 by the end of this month. But lucky they will be IMHO. The massive oil stocks are going to slam the breaks on any big rise (big, i mean $50). The other unknown is whether the 10m plus all the other is enough. We need to be using MORE than is being produced. frankly who knows!! the oil price is deep in the brown stuff and I'd say there is almost no way it's going over $50 before xmass!!
Good luck.
All IMHO.

Opec plus reduced their supply by 10m barrels a day, starting last Friday. Many oil Companies in the World are reducing supply because they either can't sell the oil for more than it costs to get, or they simply can't find a buyer at all. I would love the oil consumption of the World to be more than the supply so we can start to use up the massive amount now being stored but until most of the World is back working normally and the airlines are back up and running I seriously doubt that is going to happen.
All IMHO.

for another 20 years. I think it's great!

You assume they have empty fuel tanks, but that is highly unlikely. My fuel tank is half full. Most people when they fill up fill it right up so there is more time before the next refill I believe. If you want fuel consumption to rocket then we need all the airlines operating as they were 3 months ago. That seems a long way off. I want everything back as it was, but it's obvious that we will not be even close to normal for I would say 18 months.

HUM HUM HUM. LOL!

with a third or so of the entire World still locked down did the market expect the oil to be consumed by? A giant alien space ship perhaps? I'm sure the oil cut that started ages ago, when was it, oh yes, last Friday - LOL will have a massive effect - LOL!
All IMHO.

spin and optimism. EIA report holds a lot more weight than the API one. EIA report today at 3:30 uk time.

Too high IMHO. The API report was MORE BAD NEWS, yet the price of brent has zoomed up to ... oh was $29, now down to $28.60. Does not compute. Market by all accounts is awash with oil, the API report confirmed stock levels still RISING. heaven knows how much oil is in storage now.
I rest my case!
All IMHO.

is daft. I smell a rat with the price.

Moneymaker 312:-
"prices look set to rise to me as build less than expected, EIA figures tomorrow will be decisive in determining direction for the short term".
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Accoring to oilprice.com the build was slightly more than extected, not less:-
https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Rally-Despite-Another-Inventory-Build.html
The spot price for brent is nearly $30 now. My opinion is this is crazy.
Munipulated by the big players for the time being maybe, but it won't hold IMHO.
All IMHO.

Correction:-
number for crude storage, distilates and gasoline!
This indicates that the stock levels, which are so high that by all acounts they are running out of space anywhere IN THE WORLD are REDUCING, as opposed to going up even further no doubt having people question if we will really run out of storage room IN THE ENTIRE WORLD.
What we have here are big positive numbers for crude (this is bad), distilates (this is bad) and cushing (one wonders if they are actually full, so maybe that is why it is only 2.68m..... LOL! Anywat this positive number is also bad. LOL! the only good number is the gasoline one, and that is small.
Ok I'm having a giggle here to an extent but really the API numbers have got to be seen as bad.
All IMHO.

number for crude storage, distilates and gasoline.
This indicates that the stock levels, which are so high that by all acounts they are running out of space anywhere IN THE WORLD. IN THE ENTIRE WORLD!
What we have here are big positive numbers for crude (this is bad), distilates (this is bad) and cushing (one wonders if they are actually full, so maybe that is why it is only 2.68m..... LOL! Anywat this positive number is also bad. LOL!
All IMHO.

Krakenoil.
Please keep trying to put a positive spin on the facts.
Alas the oil price IMHO will follow the facts IMHO.
Give it a few hours.
All IMHO.

So:-
So crude in staorage is up 8.5m barrels.
Distilates in storage is up 6m barrles.
Cushing storage is up 2.68m barrels.
- At least gasoline is down 2.23m barrels.
Facts are there.
All indicators are on the up still, except gasoline.
So overall we are going in the...... WRONG direction. LOL!
All IMHO.