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May 27th, 2016, 12:24 PM
Cleveland, OH
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
Posts: 3,081 since Jul 2011
Thanks Given: 980
Thanks Received: 5,785
Interesting chart in this tweet
Global Oil Storage change by area since end 2013
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
May 27th, 2016, 12:56 PM
Houston TX
Legendary Market Wizard
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,057 since Dec 2013
Thanks Given: 4,409
Thanks Received: 10,225
Article on the glut of new crude oil tankers currently hitting the market.
For Tanker Owners, Shrinking Oil Glut Is Least of Their Worries
https://gcaptain.com/for-tanker-owners-shrinking-oil-glut-is-least-of-their-worries/
slightly off topic, if your reading the article above take a look at the 'scuttling on the Viz' video just to its right about two thirds of the way down.
May 27th, 2016, 01:07 PM
Cleveland, OH
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
Posts: 3,081 since Jul 2011
Thanks Given: 980
Thanks Received: 5,785
SMCJB
slightly off topic, if your reading the article above take a look at the 'scuttling on the Viz' video just to its right about two thirds of the way down.
Wow that was dangerous
Here is link to article with videos
https://gcaptain.com/incredible-look-at-how-two-guys-escaped-the-scuttling-of-the-vis/
June 1st, 2016, 07:13 PM
Houston TX
Legendary Market Wizard
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,057 since Dec 2013
Thanks Given: 4,409
Thanks Received: 10,225
This will probably be an interesting read for many here...
People in these forums are always asking how do institutions and proprietary trading firms trade. Well Vitol is an institution in the oil markets. As you read this, and they talk about different deals, try to imagine how someone like Vitol trades in the futures markets...
Inside Vitol: How the World's Largest Oil Trader Makes Billions
By Javier Blas, Andy Hoffman
Giant Oil Trader Vitol Makes Billions in Volatile Times - Bloomberg
Bloomberg
June 2nd, 2016, 07:26 AM
Prospect, KY. USA
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
Thanks Given: 309
Thanks Received: 617
@SMCJB - thank you
Some background/ general info on Vitol
Quoting
Though physical trading, logistics and distribution are at the core of the business, these are complemented by refining, shipping, terminals, exploration and production, power generation, mining and retail businesses. Vitol has almost 40 offices worldwide and its largest operations are in Geneva, Houston, London, and Singapore. With revenues of $270 billion in 2014, it is
the largest independent energy trader in the world , and would rank eighth on the Fortune Global 500 list.[5] Because Vitol does not publish its profits widely, much like most of its competitors in commodity trading, it is largely excluded from rankings. But the company does provide financial information to its lenders and some energy groups with which it trades.[6] The
company ships more than 270 million tonnes of crude oil per year and controls 200 supertankers and other vessels to move it around the world.
On average it handles more than 5 million barrels a day of oil and products - roughly equivalent to the daily consumption of Japan - the world's third largest oil consumer after the United States and China.[7][8]
https://en.wikipedia.org/wiki/Vitol
-William
June 2nd, 2016, 04:14 PM
London, United Kingdom
Experience: Intermediate
Platform: N/A
Broker: Bloomberg
Trading: Energies
Posts: 310 since Jul 2014
Thanks Given: 1,089
Thanks Received: 386
SMCJB
That was such a great read I bookmarked it so I can re-read it in the future. That was a well written piece and I admire the honesty of Vitol's Taylor.
June 2nd, 2016, 04:53 PM
Cleveland, OH
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
Posts: 3,081 since Jul 2011
Thanks Given: 980
Thanks Received: 5,785
Here's a link to my tableau online charts. There are energy charts from the weekly EIA report and also DCOT charts. You can ignore the dairy charts.
https://public.tableau.com/profile/ron.h8870
June 3rd, 2016, 10:33 AM
Houston TX
Legendary Market Wizard
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,057 since Dec 2013
Thanks Given: 4,409
Thanks Received: 10,225
SMCJB
This will probably be an interesting read for many here...
People in these forums are always asking how do institutions and proprietary trading firms trade. Well Vitol is an institution in the oil markets. As you read this, and they talk about different deals, try to imagine how someone like Vitol trades in the futures markets...
Inside Vitol: How the World's Largest Oil Trader Makes Billions
By Javier Blas, Andy Hoffman
Giant Oil Trader Vitol Makes Billions in Volatile Times - Bloomberg
Bloomberg
Wow for a company that very much avoids the spotlight, lots of Vitol in the news this week
Vitol: world's biggest energy trader emerges from the shadows
https://www.theguardian.com/business/2016/jun/01/vitol-world-biggest-energy-trader-emerges-shadows
June 3rd, 2016, 02:58 PM
Houston TX
Legendary Market Wizard
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,057 since Dec 2013
Thanks Given: 4,409
Thanks Received: 10,225
The Baker Hughes rig count report shows U.S. oil rig count increased by 9 in the latest week to 325.
Baker Hughes [AUTOLINK]Rig Count[/AUTOLINK], June 3 - Business Insider
June 7th, 2016, 10:24 AM
Prospect, KY. USA
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
Thanks Given: 309
Thanks Received: 617
John Kemp @JKempEnergy 7m7 minutes ago
OIL MARKET is back in balance
COLUMN-Oil market is back in balance: Kemp | Reuters
Side note H/T Viraj at TopstepTrader - start watching rig count , price of /CL etc ie 50, 51, 52 etc
-William
Last Updated on June 3, 2024