Loading...

Follow Commodity Research Group on Feedspot

Continue with Google
Continue with Facebook
or

Valid

From the blog, Carpe Diem, here is a look at monthly oil production:

  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Bradley Olson and Rebecca Elliott, Wall Street Journal, have a nice piece today discussing break-even prices for US shale oil producers, here… 

  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

John Kemp, Reuters, shows us the extent of hedge fund selling in a chart, here…  The data is released on Friday as of the previous Tuesday…

  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

The EIA’s excellent Today in Energy series covers a timely topic today, here…  First the news

”Alberta Premier Rachel Notley announced Sunday the province will require producers with more than 10,000 barrels per day of output to cut production by about 8.7 per cent until there is enough shipping space on pipelines to improve prices, expected to take three months.”

And here is the EIA explaining the problem:

Planned maintenance at several large refineries in the Midwest has decreased the volume of crude oil processed in the region, which has resulted in lower prices of Western Canadian Select (WCS), a crude oil typically processed in the Midwest. WCS crude oil is typically priced lower than other crude oils because of differences in crude oil quality, but increasing production of WCS and pipeline capacity constraints in Western Canada have resulted in even lower prices of WCS compared with crude oil benchmarks such as Brent.”

  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Here is a hedge that does very well buying options… From the Wall Street Journal, here

“His firm, Element Capital Management, posted a gain of 26.8% through October, investors say, dwarfing the 1.86% loss suffered by the average hedge fund, according to data-tracker HFR. Element has posted average gains of nearly 21% since launching 13 years ago and hasn’t suffered a down year.

Mr. Talpins is a “macro” trader who uses options to try to capture the upside of—and limit potential losses from—strategies aimed at anticipating global economic shifts. Paying for stock and bond options can lead to losses in placid markets, but volatility over the past year has buoyed Element’s bullish wagers on U.S. stocks and the U.S. dollar. Mr. Talpin’s bearish bets on the U.S. interest rates and the euro also have paid off.”

  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

I highly recommend it…

http://www.econtalk.org/anat-admati-on-the-financial-crisis-of-2008/

“Anat Admati of Stanford’s Graduate School of Business talks with EconTalk host Russ Roberts about the financial crisis of 2008, the lessons she has learned, and how it has changed her view of economics, finance, and her career.”

  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Barry Ritholtz of The Big Picture offers up his suggested reading list here

  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

The chart from the Wall Street Journal’s The Daily Shot shows us capex and stock buybacks on the same chart… The link is here

  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Next week’s OPEC meeting should be an interesting one…  Here is the oil price chart with implied volatility from barchart.com:

Benoit Faucon in London and Summer Said, Wall Street Journal, have a nice piece, here, previewing next week’s OPEC meeting:

“Saudi Arabia should absorb much of the impact of output curbs because it flooded markets under U.S. pressure, the officials say. The Saudis “made this mess. They need to clean it up,” said a Middle Eastern oil official who will attend the meeting.”

Their chart of Saudi oil production helps explain the recent price collapse:

  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Here are some highlights from Reuters

”Blockchain, the platform behind cryptocurrency Bitcoin, is viewed by many as a solution to trade and settlement inefficiencies, as well as a way to improve transparency and reduce the risk of fraud.”

”Vakt digitizes and centralizes what was previously a mountain of a paperwork shared between all the parties involved in each deal. It will be linked to another platform launched earlier this year, Geneva-based komgo, which will provide financing including digital letters of credit.”

Read for later

Articles marked as Favorite are saved for later viewing.
close
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Separate tags by commas
To access this feature, please upgrade your account.
Start your free month
Free Preview