Adding even more, the relatively high oil prices right now, especially for further away delivery months due to relatively low backwardation, is extremely helpfull for U.S. to invest in new fracking facilities for Shale-oil companies, as they can lock in future margins at extremely high rates rn.
@tleilax___
Good morning sir,
Would you be able to explain why forward curves for oil have been backwardeted for such a prolonged period of time? As they historically have been in contango but since 2020 that has shifted.
Thanks in advance!
@tleilax___ Added to that,
I believe middle-eastern oil producing countries cannot use derivative market to do this as it is not permitted by Islamitic Law, because futures markets are seen as gambling, correct?
I like the profile but my god he was bad when I saw him live during last years CL clash.
Reckon he still wakes up drenched in sweat having dreams about Noano 😂#PSV
Es muy probable que Arnau Martínez abandone el Girona este verano: ya hay varios clubes interesados en él, entre ellos Betis, Fulham y PSV.
El futbolista español tiene una cláusula de rescisión de 8 millones de euros.