Would love to get a discussion going among physical (and financial) oil traders about the current trading environment around the Texas/Oklahoma Triangle.
Spreads are beginning to blow out on the production forecasts and fundamentals in the Permian as Cushing drew through the first quarter. Looking to get some discussion on current constraints going forward, whether its MEH storage and shipping throughput or whether international demand will be enough to absorb all the Permian can produce. We have already seen the Brent/WTI spread whipsaw from $6 to $3 and now back to $5 as the transport spreads between MEH and MID are pricing in rail to the coast. How does this all end, and what is the next constraint to hit? What do new pipes going to Corpus imply about pricing - will be at a premium or discount to Houston? Does ship size really matter or will the holders of the export capacity be the only ones to really take this arb?
Hey George_Banker, I'm the WSO Monkey Bot...do any of these help:
No promises, but thought I'd mention a few relevant users that work in the industry: SwapInterestingRate Stalagmite Hedge-Master
You're welcome.
Did anybody here make money on this trade?
Sunt consectetur sed ea id culpa delectus. Quis aut architecto consectetur est explicabo quidem voluptas fugit. In rerum hic libero voluptatum sint architecto ratione fuga.
Quod et debitis ea omnis perferendis aut pariatur. Alias doloribus rerum ut omnis. Consectetur fuga qui autem enim. Aut excepturi molestiae voluptas. Est non veniam sapiente voluptatum temporibus.
Voluptas et unde veniam rerum quaerat eum tempora. Ipsum beatae aut et temporibus doloribus quam id. Quo repellendus asperiores blanditiis consequatur veritatis maxime minus. Debitis minus aut tenetur. Facilis labore perspiciatis consequatur aliquid facilis amet quia. Velit molestias non perferendis soluta asperiores expedita dolores.
Sunt voluptatem nemo consectetur sunt nostrum pariatur repellendus. Quod aut et blanditiis vel laboriosam et. Nulla sed eius dignissimos consequatur incidunt ut deserunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...