Wednesday, January 27, 2021
  • Login
Procurement Nation
  • HOME
  • NASDAQ
    • NASDAQ: AAPL
    • NASDAQ: AMZN
    • NASDAQ: NFLX
  • NYSE
    • NYSE: BA
    • NYSE: WMT
  • LSE
    LSE – London stocks climb as AstraZeneca, Indivior jumps | Money

    LSE – London stocks climb as AstraZeneca, Indivior jumps | Money

    Massive Opportunity In ‘Digital Transformation’ – Jon Markman Joins Alpha Trader (Podcast Transcript) (DJI)

    LSE – Tiziana Life Sciences PLC F-3 Jan. 26, 2021 5:31 PM

    Autonomous Data Management Platform Market 2020-2026 | Comprehensive Study COVID19 Impact Analysis | Worldwide Key Players: Oracle, Amazon Web Services, Teradata, IBM, Qubole, etc.

    LSE – Global Stock Exchanges Market 2020 Analysis by Latest COVID19/CORONA Virus Impact with Market Positioning of Key Vendors: New York Stock Exchange, NASDAQ, London Stock Exchange, Japan Exchange, Shanghai Stock Exchange, etc.

    TSE – Japan PM Suga announces state of emergency for Tokyo area until Feb. 7

    LSE – BlackRock Income and Growth Investment Trust Plc – Transaction in Own Shares

    LSE – Indra gets investment from UK fund and Gulf Oil

    LSE – Indra gets investment from UK fund and Gulf Oil

    LSE – Transaction in Own Shares London Stock Exchange:DEVC

    LSE – Transaction in Own Shares London Stock Exchange:DEVC

    LSE – Corero Network Security Delivers Strong Performance in 2020

    LSE – Corero Network Security Delivers Strong Performance in 2020

    LSE – Update on Asset Backed Debt Facility & Corporate Update London Stock Exchange:VAST

    LSE – Atlas Special Opportunities LLC – Exercise of Conversion Rights London Stock Exchange:VAST

    LSE – UK Regulatory Announcement: Net Asset Value(s)

  • TSE
    TSE – Asian shares mixed following lackluster day on Wall Street

    TSE – Asian shares mixed following lackluster day on Wall Street

    TSE – Japan, Shanghai Bourses Agree to Expand ETF Connectivity Scheme

    TSE – Japan, Shanghai Bourses Agree to Expand ETF Connectivity Scheme

    TSE – Japan Stock Rally Defies Foreign Selling Thanks to BOJ, Banks

    TSE – Japan Stock Rally Defies Foreign Selling Thanks to BOJ, Banks

    TSE – Saudi Oil Giant Aramco Could Sell More Stock Under Right Market Conditions

    TSE – Saudi Oil Giant Aramco Could Sell More Stock Under Right Market Conditions

    TSE – Nickel 28 Extends Investor Outreach in Europe by Listing on the Frankfurt Stock Exchange

    TSE – Reddit traders look to pummel Wall Street’s old guard

    TSE – Reddit traders look to pummel Wall Street’s old guard

    TSE – The Ether Fund Offers Trading in Canadian Dollars

    TSE – Skylight Health Submits Application for NASDAQ Capital Market Up-Listing

    TSE – Asian Stock Markets Decline on Profit-Taking, US Stimulus Outlook

    TSE – Tokyo stocks keep sliding on coronavirus emergency worries

    TSE – Tokyo stocks fall back on profit-taking

  • SUPPLIES
    • Energy Supplies
    • Lowe’s Inc.
No Result
View All Result
  • HOME
  • NASDAQ
    • NASDAQ: AAPL
    • NASDAQ: AMZN
    • NASDAQ: NFLX
  • NYSE
    • NYSE: BA
    • NYSE: WMT
  • LSE
    LSE – London stocks climb as AstraZeneca, Indivior jumps | Money

    LSE – London stocks climb as AstraZeneca, Indivior jumps | Money

    Massive Opportunity In ‘Digital Transformation’ – Jon Markman Joins Alpha Trader (Podcast Transcript) (DJI)

    LSE – Tiziana Life Sciences PLC F-3 Jan. 26, 2021 5:31 PM

    Autonomous Data Management Platform Market 2020-2026 | Comprehensive Study COVID19 Impact Analysis | Worldwide Key Players: Oracle, Amazon Web Services, Teradata, IBM, Qubole, etc.

    LSE – Global Stock Exchanges Market 2020 Analysis by Latest COVID19/CORONA Virus Impact with Market Positioning of Key Vendors: New York Stock Exchange, NASDAQ, London Stock Exchange, Japan Exchange, Shanghai Stock Exchange, etc.

    TSE – Japan PM Suga announces state of emergency for Tokyo area until Feb. 7

    LSE – BlackRock Income and Growth Investment Trust Plc – Transaction in Own Shares

    LSE – Indra gets investment from UK fund and Gulf Oil

    LSE – Indra gets investment from UK fund and Gulf Oil

    LSE – Transaction in Own Shares London Stock Exchange:DEVC

    LSE – Transaction in Own Shares London Stock Exchange:DEVC

    LSE – Corero Network Security Delivers Strong Performance in 2020

    LSE – Corero Network Security Delivers Strong Performance in 2020

    LSE – Update on Asset Backed Debt Facility & Corporate Update London Stock Exchange:VAST

    LSE – Atlas Special Opportunities LLC – Exercise of Conversion Rights London Stock Exchange:VAST

    LSE – UK Regulatory Announcement: Net Asset Value(s)

  • TSE
    TSE – Asian shares mixed following lackluster day on Wall Street

    TSE – Asian shares mixed following lackluster day on Wall Street

    TSE – Japan, Shanghai Bourses Agree to Expand ETF Connectivity Scheme

    TSE – Japan, Shanghai Bourses Agree to Expand ETF Connectivity Scheme

    TSE – Japan Stock Rally Defies Foreign Selling Thanks to BOJ, Banks

    TSE – Japan Stock Rally Defies Foreign Selling Thanks to BOJ, Banks

    TSE – Saudi Oil Giant Aramco Could Sell More Stock Under Right Market Conditions

    TSE – Saudi Oil Giant Aramco Could Sell More Stock Under Right Market Conditions

    TSE – Nickel 28 Extends Investor Outreach in Europe by Listing on the Frankfurt Stock Exchange

    TSE – Reddit traders look to pummel Wall Street’s old guard

    TSE – Reddit traders look to pummel Wall Street’s old guard

    TSE – The Ether Fund Offers Trading in Canadian Dollars

    TSE – Skylight Health Submits Application for NASDAQ Capital Market Up-Listing

    TSE – Asian Stock Markets Decline on Profit-Taking, US Stimulus Outlook

    TSE – Tokyo stocks keep sliding on coronavirus emergency worries

    TSE – Tokyo stocks fall back on profit-taking

  • SUPPLIES
    • Energy Supplies
    • Lowe’s Inc.
No Result
View All Result
Procurement Nation
No Result
View All Result
Home Crude Supplies

Vitol expects tough second half as oil trading flatlines, Energy News, Procurement Nation

Walter Byrd by Walter Byrd
October 18, 2020
in Crude Supplies
0
Vitol expects tough second half as oil trading flatlines, Energy News, Procurement Nation


LONDON: After extreme oil volatility that provided traders with bumper profits in the first half of the year, the market is now stuck in a lower gear, fatigued by the realities of COVID-19.

Lower overall oil supplies after production cuts implemented by the OPEC+ group of producers, as well as tepid fuel demand, are dampening price movements.

RelatedPosts

Markets struggle for solid direction

News – Biden’s climate plans are energizing national security problems

Cross-asset markets find their footing

“If you look at market liquidity, paper activity, ICE futures volumes or gasoil or jet swaps … everything had a very active Q2, but activity seems to have reduced in Q3,” Russell Hardy, chief executive of the world’s biggest trader, Vitol, told Reuters.

“Is that because the market is tired and has been at $40 a barrel for so long, because everybody is working from home or because oil demand is significantly less than what it was and so there is less activity to hedge?”

Major trading firms see an uncertain path as the world economy flatlines after a stunted V-shaped recovery served to subdue speculative trade and hedging for physical oil assets.

The United States and India are battling runaway rates of contagion while large European economies are experiencing second waves of COVID-19 infections, potentially leading to national lockdowns

For the first time in years, major trading houses are not going to post a rise in year-end traded oil volumes.

“Obviously, with crude trading, it’s difficult to maintain business volumes because there is less crude to market and trade; there’s less being produced,” Hardy said.

On refined products, meanwhile, the trading firms that thrive from market disconnects between regions – known as arbitrage – see fewer ways to make a buck.

“In the Atlantic basin, refiners are running to meet relatively poor downstream demand. The result is that refineries are importing and exporting less. Consequently, the local market presents fewer opportunities,” Hardy said.

The Vitol boss told a conference in Singapore last week that he did not expect gasoline and diesel demand to return to previous levels until the fourth quarter of 2021.

While BP and others posit scenarios that peak oil demand may have been reached already, Vitol believes that there is still significant growth to come in Asia. Last year the trader forecast peak global oil demand to be reached around 2034.

“We haven’t revised our 10-year view since COVID,” Hardy said. “When we redo the study, we’ll probably come up with lower peak oil demand than before … but we think Asian demand growth will pull through and take us beyond 2019 in the years to come.”





Source link

Previous Post

Hundreds of Thai protesters gather despite warnings

Next Post

UPDATE: Some CPS students head back to the classroom, teachers concerned about risk | K-12 Education

Related Posts

Markets struggle for solid direction
Crude Supplies

Markets struggle for solid direction

January 27, 2021
News – Biden’s climate plans are energizing national security problems
Crude Supplies

News – Biden’s climate plans are energizing national security problems

January 27, 2021
Cross-asset markets find their footing
Crude Supplies

Cross-asset markets find their footing

January 27, 2021
Oil prices end mixed as traders weigh risks to crude supplies and demand
Crude Supplies

Oil prices end mixed as traders weigh risks to crude supplies and demand

January 27, 2021
WTI, ULSD Futures Trim Losses as Stocks Fall, Output Down
Crude Supplies

Oil Futures Mixed on Likely Crude Build

January 27, 2021
100 countries with highest GDP per capita
Crude Supplies

100 countries with highest GDP per capita

January 27, 2021
Next Post
Group raising funds for CPS teachers’ safety supplies | K-12 Education

UPDATE: Some CPS students head back to the classroom, teachers concerned about risk | K-12 Education

Procurement Nation

© 2020 PROCUREMENT NATION - Stock Market News

Procurement Nation

  • About
  • Our Team
  • Advertise
  • Privacy Policy
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • NASDAQ
    • NASDAQ: AAPL
    • NASDAQ: AMZN
    • NASDAQ: NFLX
  • NYSE
    • NYSE: BA
    • NYSE: WMT
  • LSE
  • TSE
  • SUPPLIES
    • Energy Supplies
    • Lowe’s Inc.

© 2020 PROCUREMENT NATION - Stock Market News

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In