L/S Equities & Options | Discussing Macro Trends | Reposting Critical Market News. 📍Follow me just for my reposts alone.📍
Joined November 2021
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JB Capital Markets retweeted
🛢️ Who really drives oil demand?
Just 2 countries burn 35% of the world’s crude.
This map is the demand side of the oil market.
In a world near 100M bpd of consumption, a handful of countries decide whether the market feels tight or oversupplied.
The scoreboard (million bpd, share of global):
🇺🇸 United States: 20.01M bpd (20%)
🇨🇳 China: 15.15M bpd (15%)
🇮🇳 India: 5.05M bpd (5%)
🇷🇺 Russia: 3.68M bpd (4%)
🇸🇦 Saudi Arabia: 3.65M bpd (4%)
🇯🇵 Japan: 3.38M bpd (3%)
🇧🇷 Brazil: 3.03M bpd (3%)
🇰🇷 S. Korea: 2.55M bpd (3%)
🇨🇦 Canada: 2.41M bpd (2%)
🇩🇪 Germany: 2.18M bpd (2%)
In my latest article i explain the full mechanism based on the latest.
🔗 Link to the full article is in the below comments👇
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Seems scary. But let’s be honest…nobody cares.
Something about PADD3?
Based on the API vs EIA running error, API was supposed to be more BEARISH than EIA on crude for this week.
Because API reported -8.33 million bbls, EIA will report between -9 to -10 million bbls.
SPR release of 8.9 million bbls.
Total crude draw of 17.9 to 18.9 million bbls, or the largest crude draw in history.
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JB Capital Markets retweeted
The Oil Math. Oil draws will continue for sometime even if Hormuz were to fully open. US Oil Reserve Hits 43-Year Low as Trump Tries to Limit Iran Fallout youtu.be/tTMicgmCYRw?si=RLmF… via @YouTube #OOTT
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Why is the forecast so low?
US API CRUDE OIL STOCK CHANGE ACTUAL -8.33M (FORECAST -4.5M, PREVIOUS -9.119M) $MACRO
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5 crossings.
Strait of Hormuz activity remains below normal despite diplomatic progress
Vessel activity through the Strait of Hormuz remains subdued, despite signs of diplomatic progress between the US and Iran. #MarineTraffic data shows that only five confirmed crossings were recorded on 15 June. Traffic consisted primarily of low-risk transits, moderate shadow-fleet activity, and three commercial voyages carrying DPP and steel cargoes, according to Kpler.
▶️ Monitor vessel movements through the Strait of Hormuz live on MarineTraffic.
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On Friday…after market close. 😂
TRUMP: WILL GO OVER IRAN MOU WITH MEDIA IN A COUPLE OF DAYS
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Jun 15
Look at 5 minute bounce off the VWAP $SPY
Big boys know Japan is hiking rates, first time after 31 years, tomorrow
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Jun 15
Not good. 😊
Jun 15
BIG: Netanyahu, following the signing of the U.S.-Iran memorandum of understanding:
“At this stage, we still do not know the full details of the agreement.”
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JB Capital Markets retweeted
Dana White when asked if he'd ever do another White House event again: "I can't afford it, there's no f*cking way we can do this again."
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Jun 15
RT @HFI_Research: Final crude estimate for June 12 week.
We see a total crude draw of 14.65 million bbls. Commercial crude draw of 7.15 mi…
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Jun 15
No release of MOU means no deal to me.
Jun 15
The U.S. should release the MOU ASAP. Sunlight is the best disinfectant.
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JB Capital Markets retweeted
Jun 14
JUST IN: Iranian media claims the Iran-U.S. deal would release $24 billion in frozen Iranian assets.
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JB Capital Markets retweeted
Jun 15
JUST IN: Oil executives warn critically low stockpiles could drive prices higher even with Hormuz reopening.
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Jun 14
He’s correct. All statements have been from Pakistan.
Jun 14
Still no statements from Iranian officials yet. Just saying...
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Jun 14
Fake news? Hopefully.
Jun 14
Netanyahu informed Trump that Israel will not pull IDF forces from Lebanon and does not consider itself bound by the Lebanon clause in the U.S.-Iran agreement.
- Maariv
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Jun 14
Trump told everyone it will be signed today, but it’s not getting signed until June 19th
Jun 14
Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED. Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon.
The official signing ceremony will be on Friday, 19 June in Switzerland.
We would like to thank the United States of America and the Islamic Republic of Iran for their commitment to finding a diplomatic solution to the conflict. We would also like to extend our sincere appreciation to our brothers in this mediation effort, the great leadership of State of Qatar, for their support in reaching this agreement. I would also especially thank the visionary leadership of Kingdom of Saudi Arabia and Republic of Türkiye for their immense contributions in this regard.
With the agreement now in place, mediators will facilitate a series of meetings this week. These pre-implementation discussions will lay the foundation for the technical talks and the official signing ceremony.
@realDonaldTrump
@JDVance
@SecRubio
@SteveWitkoff
@SEPeaceMissions
@drpezeshkian
@mb_ghalibaf
@araghchi
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Jun 13
Mike Wirth, Chevron, has pushed out the oil concerns until August/September because of the dark fleet plus less China buys.
#Oil #Hormuz #EnergyMarkets #CrudeOil #DemandDestruction #EnergySecurity #Commodities #Brent #WTI #Geopolitics
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Jun 13
Delay tactic
Jun 13
Iranian foreign ministry spokesperson: Iran's negotiation team not set to visit Pakistan or Geneva in coming days - state media
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