Oil Market Journal

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[Oil Market Journal @omjonline]

Record ICE Gasoil Month 1 & 2 contracts traded this morning on volatility after Israel-Iran attacks overnight.

For access to live prices take a free trial of the OMJ today at https://t.co/h69vojJrSG

#oilprice #markets #OMJ #gasoil #FuturesTrading

[Oil Market Journal @omjonline]

OMJ are attending S&P Global Commodity Insights London Energy Forum. #energy #platts

[Oil Market Journal @omjonline]

The US Transportation Security Administration average daily air passenger numbers for the week ending 4/11 showed a 7.98% fall in #airtravel numbers from the previous week. OMJ clients can access #kero fundamentals at https://t.co/kQSNs5HAOd

[Oil Market Journal @omjonline]

#brentcrude is currently below support at $85/b. Global demand could be weakening with Chinese exports down 6.4% from last year. Last week Danish shipping giant Maersk reported revenue of $12 billion in Q3 2023 compared to $22.8 billion in Q3 2022, suggesting weaker global trade.

[Oil Market Journal @omjonline]

ICE Gasoil continues to trade in a $865/t. - $900/t. range. Follow the action at https://t.co/kQSNs5H2YF
#Oil #diesel #commodity

[Oil Market Journal @omjonline]

Biofuel prices continue to fall in NWE with lower demand. Ticket prices in Germany and the UK are also pressuring prices lower. Following the action at https://t.co/kQSNs5H2YF
#biofuels #RenewableEnergy #bio #REDIII #roadtransport

[Boeing Europe @BoeingEurope]

Ireland has the potential to develop a sustainable aviation fuel (SAF) industry worth €2.55 billion by 2050.

The finding comes from a study by @avolon_aero, Orix Aviation, @SKYNRG, @SFS_Ireland & Boeing, launched by @simoncoveney.

Read more: https://t.co/obVIVVuJyL

[Oil Market Journal @omjonline]

ICE Gasoil looks set to test $900/t. again today. ICE Brent Crude looks supported at $90/b. Follow the action on https://t.co/kQSNs5H2YF
#opec #oil #crude #brent

[Met Office @metoffice]

#StormBabet will bring strong winds to many areas of the UK over the coming days as well

[Oil Market Journal @omjonline]

Levels at Kaub has fallen to 73 centimeters today, which is the lowest since September 2022.
As a result, freight rates have increased from 26 CHF/t on 2nd October to 77 CHF/t today for gasoil, the highest since 27th September 2022. #oil #rhine

[Oil Market Journal @omjonline]

GBP/USD following September's inflation data. Gilt yields also moving higher. Follow forex action on https://t.co/HDgWwYcM90 #inflation #fx #forex

[Financial Times @FT]

UK inflation holds steady at 6.7% in September https://t.co/ahTvSoOQ6x

[Oil Market Journal @omjonline]

OMJ Spot Kerosene prices are now below $1,000/t, having rallied over the previous week. Demand is still steady in Europe while traders reported stock drawdowns last week.
#heatingoil #oil #crudeoil #aviation

[Oil Market Journal @omjonline]

Data from the Joint Organization Data Initiative showed that Saudi Arabia crude production slowed again in August. Production stood at 8,918,000 barrels per day, which was lower by 95,000 barrels per day from July. #OPEC #oil #crude #OilPrices

[Petrol Retailers Association @RMI_PRA]

"We are proud to announce our active participation in the upcoming Safer Business Action Week, scheduled for 16 – 22 October. This initiative aims to raise awareness and address critical issues surrounding business crime." said Gordon Balmer, Executive Director of the PRA. (1/7)

[Oil Market Journal @omjonline]

The Baker Hughes rig count increased last week by 4 rigs to 501. Despite the increase, this has been a poor year for shale rigs. The number of active rigs is now 17% below levels seen this time last year. Rigs have fallen nearly 19% year-to-date. #shale #oil #OPEC #CrudeOil

[Oil Market Journal @omjonline]

Natural gas prices surge following media reports that Finland - Estonia pipeline has been sabotaged. ICE Nat Gas M1 is up 12.89%. #gas #estonia #finland #energy

[Oil Market Journal @omjonline]

ICE Gasoil is testing $900/t today following last week's sharp sell-off. Markets are balancing economic slowdowns and higher interest rates against tighter European supply and geopolitical risk premiums. #oil #opec #energy

[Oil Market Journal @omjonline]

Water levels at the Kaub Bottleneck in the Rhine are now just below 100cms and as a result traders can only load part loads in ARA for delivery to lower Germany and Switzerland. The 7 day weather forecast for the region is generally dry signaling no near term relief.
#oil #energy