Vortexa crude oil floating storage was down driven, as per the past few weeks, by the Middle East as a few tankers (ie. UAE) are going tankers going dark to get thru the Strait of Hormuz but mostly by tankers moving to be ready & waiting to go thru the Strait.
Total 0.77 mmb WoW to 87.79 mmb on 06/05 vs revised down by -6.86mmb 05/29 of 87.02 mmb. Key 05/29 revisions were Middle East -3.96 mmb and Asia -3.33 mmb.
Middle East -0.42 mmb WoW to 15.75 mmb on 06/05 vs revised down by -3.96 mnmb 05/29 of 16.17 mmb. The last few weeks have seen reports of a small number of UAE tankers going dark and making it thru the Strait of Hormuz. The huge reduction in Middle East floating storage is also as tankers move to ready to queue up with expectations for a potential Strait of Hormuz reopening.
Asia 4.87mmb WoW to 36.16mmb on 06/05 vs revised down by -3.33 mmb 05/29 of 31.29 mmb.
Note the Sat am estimates are Vortexa's initial estimates at the Fri floating storage and get revised either up or down over the weekend and thru the week.
Thx @vortexa@businesssafgroup.ca#oott
New highs: $MNMB $2 to $50 on 1K, $50.50/53.91 nice bid, $NBHC $.72 to $43.30 on 66.1K, $43.23/43.30
$SBFG $.57 to $22.75 on 4.5K, $22.59/23 size for sale
$MCCK $1.49 to $71 on 556, $69.51/71
$MCEM $3.48 to $258.49 on 418, $255/259.99
$NSYC -$5 to $420 on 21, $417/430
New highs: $IBWC, $RBKB $1.50 to 417.99 on720, $15.52/16.50, $WCCB$CZBS -$2 to $50 on 308, $49.95/50
$MNMB $1 to $49 on 527, $48.05/50
$BHDB $6.50 to $105.50 on 115, $99/109.89
$LKFN $2.03 to $61.72 on 14.1K, $61.17/62.26
$EWSB -$.73 to $9.51 on 200, $9.51/10.24
New highs: $CIWV $4.75 to $48 on 795, $48.50/50s, $PBCO
New low: $MCHT -$.48 to $5.92 on 2.5K, $6/6.55
$RVCB $1.45 to $25 on 122, $23.55/25
$DTRL $19 to $300 on 1, $290/320
$MNMB $1.49 to $48.99 on 1.2K, $48/48.99
$BAFN -4.19 to $8.29 on 2K
$WSTL $.25 to $6.76 on 11.8K
New highs: $FINN $200 to $19.3K on 1, $19.1K/19.3K, $MNMB, $TETAA $1.27 to $16.77 on 905, $16.11/17.27
$FSMK -$.70 to $38.29 on 3.9K, $38.25/38.50
$BAFN $.37 to $8.27 on 6.7K, $7.85/8.74
$SOBS $1 to $32 on 1.1K, $32/32.42
$THVB $2 to $97 on 275, $83.50/99.95
One day Stilwell will either retire or win the $PFBX proxy contest / lawsuit.
And Merchants and Marine $MNMB will be ready to combine its 6% ROE with People’s 6% and create a bigger coastal 6% ROE bank.
New highs: $FCPB, $NWPX, $RBNK $2 to $30 on 200, $28.50/35
New lows: $ETCC, $FRMO$RWWI $.14 to $15.10 on 1K, $15/15.10 nice bid
$CMSG $.95 to $26.95 on 300, $26.06/27.20
$KFFB $.20 to $4.64 on 117, $4.44/4.84
$MNMB $1.11 to $40 on 2.2K, $39.50/40.16
$MNMB closed on a sizable acquisition (all cash) of another ECIP bank. Should have huge synergies. Stock is really cheap and hasn’t moved. Everyone hates Clayton but did he pull off a winner here?
New high: $FBPA$MNMB $.39 to $38.89 on 500, $38.50/39.39
$CYVF $.75 to $78 on 393, $77.25/78
$FREVS $.50 to $14.50 on 402, $13.55/14.50
$AMEN $4.39 to $495 on 10, $480/495
$IEHC $.22 to $19.85 on 620, $19.85/20.40
@realDonaldTrump please hear me out.
As a Romanian citizen I stand with MAGA 💪 but I have a dream Mr. President…..
MNMB which stands for Make Nicusor Maduro’s Bitch!
Romania loves you Mr President so show some love towards us! ✌️
Thanks for your attention to this matter!
PS: Nicusor Dan does not represent the Romanian people will!
3rd Squadron, 278th Armored Cavalry Regiment, Task Force Reaper, maneuver M1A2 SEPv3 Abrams tanks during exercise BRIGHT STAR 25 at Mohamed Naguib Military Base (MNMB), Egypt, 2025.