@Tejanobrown Agree - you good old hands in dirt true guy! Because of you and nugget capital I did not take long other than calls so could add today! I hope at this level you little bit bullish on oil ?:)
@JuneGoh_Sparta What does it mean? USA export will drop or price should go lower? And what is on second chart, I’m sorry in advance for silly questions…
@morgan_downey@grok Looks like China is burning a lot of products rather then crude - do you see it as a sign that global consumption was overstated for last many years so China could pile the hidden product spr?
@ChrisK22115858@najam_ali Me 2 - they have 50 weeks left in spr storages so I think for next 3-4 month we are safe for sure - the rest is wishful thinking
@tleilax___@The_RySci What inferences can we make - there are a ton of dark products storages everywhere in Asia? Does it mean that old consumption data was overestimated by at least 1 mbd for last many years?
@Tejanobrown Haha that’s good one! Can not imaging how things will be bad in Texas after SoH is open - looks like world overproduced 10mbd of oil for last 10 years fair price must be around 25$ :)
@CRUDEOIL231 What do you think about China product storage - it must be huge if they can decrease import with such small spr draws - can we conclude that global demand was overstated by 1 mbd for the last 3 y?