Ben Nicholas

Oil trader for 35 years. #Lakers #Rams #Angeles #MountainBiker Life Happens. Embrace It. One Day You will Know the Truth.

[DC @__dc77]

last post on this for today ... resetting the whop this weekend due to changes in the org structure ... 945 will be back.

First 25 Reposts* 🎯 on this will be in free to spread the word 🕊️

➡️ 945 Model
➡️ Key Levels
➡️ 30s OR
➡️ Quarterly Pivots

I'll get these out asap.

*with 500 followers or more

[Ben Nicholas @bnikdude]

@gurgavin SNAP

[Giovanni Staunovo🛢 @staunovo]

#Canada: Cenovus shuts in oilsands production at Christina Lake operations due to wildfires. Cenovus says only essential personnel are at its Christina Lake oilsands operations where it has shut production due to the wildfires in northern Alberta.
The company says it began the work to shut in production at Christina Lake on May 29.

About 238,000 barrels per day of production have been impacted.

#oott

https://t.co/P40eR4RgJV

[Tom Kloza @TomKloza]

Good news for California motorists - - thanks to steady arrival of foreign gasoline cargoes, LA CARBOB is now worth only ~$2.20/gal. Bay Area perhaps 5-10cts/gal higher but these are numbers suggestive of much lower Golden State pump prices. Big drops on the street coming.

[Andrew Atwal @andrewatwal]

API inventories:
Crude: -4.49
Cushing: -.854
Gasoline: -1.97
Distillate: +2.24

#OOTT #OilAndGas #Gasoline #CrudeOil #GasPrices #OilPrices #API

[Giovanni Staunovo🛢 @staunovo]

Active Fire at Valero Benicia, California Refinery, Fire Department Reports
#oott

https://t.co/gcZP0U3QHb

[Tom Kloza @TomKloza]

Northern California is snake bit. Fire this morning at the Valero Benicia refinery - stay tuned.

[*Walter Bloomberg @DeItaone]

https://t.co/Klw5TEDcLS

[Andrew Atwal @andrewatwal]

API inventories:
Crude: +3.76
Cushing: +.674
Distillate -2.52
Gasoline -3.14

#OOTT #OilAndGas #Gasoline #GasPrices #CrudeOil #API

[Oil Bandit 🛢️ @OilCfd]

Blackout halted operations in most refineries in the peninsula.
Sources tell me jamon iberico supply is not compromised. Crisis averted!
https://t.co/6C6Zef84gz

[zerohedge @zerohedge]

Bessent: "China, in particular, is in need of a rebalancing. Recent data shows the Chinese economy tilting even further away from consumption toward manufacturing. China’s economic system, with growth driven by manufacturing exports, will continue to create even more serious imbalances with its trading partners if the status quo is allowed to continue. China’s current economic model is built on exporting its way out of its economic troubles. It’s an unsustainable model that is not only harming China but the entire world. China needs to change. The country knows it needs to change. Everyone knows it needs to change. And we want to help it change—because we need rebalancing too. China can start by moving its economy away from export overcapacity, and toward supporting its own consumers and domestic demand. Such a shift would help with the global rebalancing that the world desperately needs."

[*Walter Bloomberg @DeItaone]

🚨 *CHINA TARIFFS LIKELY COMING DOWN TO BETWEEN 50% AND 65%: WSJ

[zerohedge @zerohedge]

Crude -4.57MM
Gasoline: -2.18M
Distillate: -1.64MM
Cushing: -354K

[Ben Nicholas @bnikdude]

Brilliant Strategy

[zerohedge @zerohedge]

*MELONI ON EU TARIFF DEAL: I'M HERE TO HELP THAT

Rabobank: "the EU is worried she might strike a side deal for zero-tariffs on Italian goods that would split the EU and open the door for others to follow. If you were the US and didn’t like the EU, wouldn’t you do exactly that?"

[Ben Nicholas @bnikdude]

@Gugo907 he's definitely more aggressive

[Ben Nicholas @bnikdude]

#API Inv
#Crude +2.40
#Cushing -0.35
#Diesel -3.16
#Gasoline -3.01

#OOTT Nice product draws. see what EIA's have to say.

[Ben Nicholas @bnikdude]

#API Inv
#Crude: -1.057M
#Cushing: +0.636M
#Gasoline: +0.207M
#Distillates: -1.844M

#OOTT More about financials vs. One week old data.

[Ben Nicholas @bnikdude]

@jeff214206919 Not bullish

[*Walter Bloomberg @DeItaone]

*U.S. TO IMPOSE 10% ACROSS-THE-BOARD TARIFF ON ALL IMPORTS, PRESIDENT TRUMP SAYS --WSJ

[unusual_whales @unusual_whales]

JUST IN: Reported report leak from Sky News: Tariffs will be based by country and industry, with 3 bands of 10%, 15% and 20%