Patrick Boyle

[Patrick Boyle @patrickB0YLE]

@GasBuddyGuy didn't think so. thanks

[Patrick Boyle @patrickB0YLE]

@ALikhodedov @VKMacro Thoughts on the product spreads? RBOB Jul/Aug looks incredibly cheap given the pace we are drawing stocks and seasonal demand increase from now through Aug

[Patrick Boyle @patrickB0YLE]

@staunovo I can't grasp Iran agreeing to free passage in Hormuz after 2 months of them reiterating 'Hormuz will never go back to it's previous status'. Maybe they don't charge but would have to imagine they are still coordinating traffic flow.

[Patrick Boyle @patrickB0YLE]

@CRUDEOIL231 How do we even have an agreement when Iran is adamant about Hormuz sovereignty and will be charging fees

https://t.co/6s6mOhNuXI

[Iran's Today @Iran]

Iran’s Foreign Minister Araghchi:

Fees will be charged for services in the Strait of Hormuz, and these services will no longer be free.

This important matter has been confirmed: payment of fees is required.

[Patrick Boyle @patrickB0YLE]

@HFI_Research Wait, you don't want to be max short this?!

I think the RBOB gas stocks have been overlooked the past 2 weeks while we have shown modest builds in finished gas but large draws still happening in RBOB; which is the deliverable to NYMEX.

[Patrick Boyle @patrickB0YLE]

@GrainsGorilla Convergence doesn't happen bc ADM would rather LARP as hedge fund traders betting when 'ChINa iZ cOmInG' than do their jobs.

[Patrick Boyle @patrickB0YLE]

@marklevinshow He won't release the terms bc he is embarrassed at the deal he is forced to accept. No one wants this. Should have never stopped bombing.

[Patrick Boyle @patrickB0YLE]

@lng_the @ira_joseph @ColumbiaUEnergy How much pressure does this put on EU injection? Combined with above average summer temps coming to Asia next week

[Patrick Boyle @patrickB0YLE]

Beyond the headline gas/distillate builds we still drew on RBOB gasoline stocks and modestly built diesel stocks. Historically over the next 4 weeks of data summer demand ramps up 3-5%. With refinery utilization at 95% and record low product stocks the only way to slow the draw is price; which isn't even close to demand destruction.

[Patrick Boyle @patrickB0YLE]

@GasBuddyGuy Any thoughts on where implied gas demand ends up for this week? Are we 9,800 or better?

[Patrick Boyle @patrickB0YLE]

@CRUDEOIL231 Get a Zojirushi rice cooker, buy ground beef and turkey to start the week, and find 2-3 good sauces. Gotta stay away from the goyslop.

[Patrick Boyle @patrickB0YLE]

@HFI_Research "Officials say most terms are settled, but final authorization from top leadership on both sides is still pending, with Trump reportedly taking a few days to decide."

The fine print here is incredible!

[Patrick Boyle @patrickB0YLE]

@FirstSquawk Right, but we are days away from signing a deal on points no one agrees on. Got it!

[Patrick Boyle @patrickB0YLE]

@FirstSquawk Once again this is the US draft in which Iran will not agree to

[Patrick Boyle @patrickB0YLE]

@ericnuttall Every IRGC member says they will not discuss Uranium at this point and Hormuz governance is absolute.

Every US/Isreal talking point is Uranium removal must be part of the deal and Hormuz must return to previous state.

How are macro markets reading this so poorly?

[Patrick Boyle @patrickB0YLE]

@FirstSquawk But I thought the deal was already done?! Iran is making the US look like fools at this point.

[Patrick Boyle @patrickB0YLE]

@FirstSquawk LOL. For final approval. Uhh, yeah the US wishlist won't be approved. Just like the 3 other times this week.

[Patrick Boyle @patrickB0YLE]

@FirstSquawk What is this the 3rd, 4th, 5th peace agreement headline within 24 hours in the past week? Besides it won't be a peace agreement it will be a glorified ceasefire extension