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Review week 14/29: Oil prices showed mixe results last week

Brent crude –and middle distillate prices on both sides of the Atlantic rose last week while WTI crude and RBOB –gasoline prices took a step back.
Posted by Patrick Kulsen on 28 juli 2014 20:12:12
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Tags: Contract prices, Market Info, Oil price

Rising geopolitical tension in key oil producing regions supported oil prices and caused the upward reaction of Brent and middle distillates on Friday. Expectations that demand in the US will weaken due to the build of gasoline inventories pushed WTI and gasoline prices lower.

Due to the downing of Malaysian airliner MH17 tension between Russia and the West has further increased. Both the US and the EU have introduced new sanctions against Russia for its apparent involvement in the air-crash. Sanctions from US are more focused on companies and industries while EU’s measures are aimed at individuals in the inner power circle of Putin. It seems that due to the (inter)dependency of German and Russian trade flows (including gas) the EU failed to come up with tougher sanctions.

In Libya, the state-owned oil company reported that oil production had fallen by 20% as an escalation of violence curbed domestic output. Data showed that production decreased from 550kb/d towards 450kb/d. Operations at Brega oil port in the north eastern part of the country should have been resumed. This means production from the Sirte basin has another export channel after the reopening of two larger terminals (Ras Lanuf and Es Sider) in the same area. As long as the Libyan government is not able to regain control over the country, there will be news that oil assets are switching hands.

With regards to the conflict in Gaza, both Israel and Hamas do not seem to make any attempts to stop the violence while the interactional community is urging for a cease-fire. In the 21-day conflict more than 1,000 people have been killed. US President Obama urged Prime Minister Netanyahu on Sunday to hold fire while the UN Security Council called on both sides to implement a humanitarian truce. Tension between Netanyahu's government and Washington has increased over efforts from the US to mediate.

The declining US$/€ exchange rate offered resistance to oil prices. The US dollar has been strengthening recently as macro-data showed the American economy is further strengthening suggesting the Fed will announce an interest rate hike sooner rather than later. In contrast the Euro is weakening as investors are expecting a broadening of stimulus measures to support Eurozone’s economy.

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17-07-14: ARA gasoline stocks rise 3.8%

LONDON, July 17 (Reuters) - Gasoline stocks independently held at Europe's Amsterdam-Antwerp-Rotterdam (ARA) hub rose by 3.8 percent to 829,000 tonnes week-on-week, data from Dutch oil consultant Patrick Kulsen showed on Thursday.
Posted by Patrick Kulsen on 24 juli 2014 19:38:42
Tags: ARA Stocks, Fuel stocks, Gasoline stocks

Vrachttarieven voor Boven-Rijn zijn iets teruggevallen

De vraag op de (Rijn) transportmarkt richting Duitsland, Frankrijk en Zwitserland concentreerde zich op de laatste 10 dagen van juli belading. Er was nauwelijks koopinteresse in de regio.
Posted by Patrick Kulsen on 22 juli 2014 16:17:39
Tags: Barge Market, Downstream, End-Users, European refineries, Rhine freight

Review week 14/28: Crude – and product prices paired losses last week

Crude – and product prices paired losses last week. Early in the week, they fell on improving supplies from key producers (especially Libya) and weak demand from European refineries in the NWE-region.
Posted by Patrick Kulsen on 22 juli 2014 16:13:45
Tags: Brent crude, Diesel price, Gasoil, Market Info, Oil price

Rijnvrachttarieven blijven in een zijwaartse range hangen

De vraag op de transportmarkt richting Duitsland, Frankrijk en Zwitserland concentreerde zich op 2e helft juli belading. Vertragingen bij laad -en losplaatsen bleven de markt bezig houden.
Posted by Patrick Kulsen on 18 juli 2014 09:32:56
Tags: Barge Market, Downstream, End-Users, European refineries, Rhine freight

10-07-14: Weekly ARA gasoline stocks down 10%

LONDON, July 10 (Reuters) - Gasoline stocks independently held at Europe's Amsterdam-Antwerp-Rotterdam (ARA) hub fell by 10 percent to 798,000 tonnes week-on-week, data from Dutch oil consultant Patrick Kulsen showed on Thursday.
Posted by Patrick Kulsen on 17 juli 2014 19:16:11
Tags: ARA Stocks, Downstream, Fuel stocks, Gasoline stocks

Patrick Kulsen is a key-note speaker for the 11th Oil Traders Summer School

This week, the 11th Oil Traders Summer School organised by Confidence Capital will kick off. Our colleague Patrick Kulsen will act as one of the independent experts.
Posted by Patrick Kulsen on 15 juli 2014 11:36:29
Tags: Energie conference, European refineries, Oil Trading, Research & Analysis

Review week 14/27: Oil prices extend losses for a third week

Previous trading week, oil prices extended losses for a third consecutive week. The prospect of Libyan crude returning to the market and easing concerns about Iraqi supplies weighed on oil prices.
Posted by Patrick Kulsen on 14 juli 2014 14:50:09
Tags: Brent crude, Contract prices, Diesel price, Oil price

Rijnvrachttarieven staan onder druk door hogere waterstanden

De vraag op de transportmarkt voor Duitsland, Frankrijk en Zwitserland concentreerde zich op 2e decade juli belading. Vertragingen bij laad - en losplaatsen langs de Rijn bleven de markt bezig houden.
Posted by Patrick Kulsen on 10 juli 2014 17:43:57
Tags: Barge Market, Downstream, End-Users, Rhine freight

Review week 14/26: Oil prices continued their decline

Previous trading week, oil prices erased most of the gains after ISIS, now called Islamic State (IS), surprisingly took over control of a large areas in the north west of Iraq last week. Supply fears eased after Iraqi military forces launched a counter attack to push back the Sunni militants.
Posted by Patrick Kulsen on 07 juli 2014 17:18:40
Tags: Brent crude, Contract prices, Diesel price, Oil price

26-06-14: Weekly ARA gasoil stocks rise

LONDON, June 26 (Reuters) - Gasoil stocks held at Europe's Amsterdam-Antwerp-Rotterdam (ARA) storage hub rose 9.3 percent to 2.374 million tonnes, data from Dutch oil analyst Pieter Kulsen showed.
Posted by Patrick Kulsen on 04 juli 2014 09:50:44
Tags: ARA Stocks, European refineries, Fuel stocks, Gasoline stocks

Rijnwaterstanden blijven fluctueren

De vraag op de Rijn transportmarkt voor Duitsland, Frankrijk en Zwitserland concentreert zich momenteel op de eerste 10 dagen van juli. Met de wisseling van juni naar juli is de vraag naar product/transport beperkt gebleven.
Posted by Patrick Kulsen on 01 juli 2014 20:19:25
Tags: Barge Market, Downstream, End-Users, Rhine freight

Review week 14/25: Oil prices took a step back

Product – and crude prices took a step back last week after prices surged recent two trading weeks but losses remained limited. Price support came from worries about potential supply disruptions of Iraqi oil supplies as Sunni militants (ISIS) held their grip in the northern region of the country.
Posted by Patrick Kulsen on 30 juni 2014 19:59:29
Tags: Brent crude, Contract prices, Market Info, Oil price

19-06-14: ARA gasoline stocks fall nearly 5%

LONDON, June 19 (Reuters) - Gasoline stocks held at Europe's Amsterdam-Antwerp-Rotterdam (ARA) storage hub fell 4.86 percent to 842,000 tonnes in the week to Thursday, data from Dutch oil analyst Patrick Kulsen showed, amid large exports to Canada and West Africa.
Posted by Patrick Kulsen on 27 juni 2014 12:34:24
Tags: ARA Stocks, Downstream, Fuel stocks, Gasoline stocks, Research & Analysis

Review week 14/23: Oil prices surged on escalating violence in Iraq

Previous trading week, crude – and product prices showed a strong upward movement. Although the European continent enjoyed a public holiday on Monday, oil prices increased.
Posted by Patrick Kulsen on 16 juni 2014 14:44:21
Tags: Brent crude, Contract prices, Financial market, Market Info, Oil price

Rijnvrachttarieven fractioneel gestegen

Naast het afwikkelen van de lopende (transport) zaken na het lange Pinksterweekend op 8 en 9 juni concentreert de vraag op de (Rijn) transportmarkt richting Duitsland, Frankrijk en Zwitserland zich op 2e decade juni belading.
Posted by Patrick Kulsen on 10 juni 2014 20:31:59
Tags: Barge Market, Downstream, End-Users, European refineries, Rhine freight

Vrachttarieven boven-Rijn zijn licht gestegen

Vooruitlopend op een lang Pinksterweekend op 8 en 9 juni concentreert de vraag op de (Rijn) transportmarkt richting Duitsland, Frankrijk en Zwitserland zich op de eerste helft juni belading. Met de vakantie-periode voor de boeg is er wat meer vraag voor benzine en diesel.
Posted by Patrick Kulsen on 03 juni 2014 17:10:27
Tags: Barge Market, Downstream, End-Users, Rhine freight

Review week 14/21: Oil prices started flat but showed a sharp decline

Last week, both crude –and product prices started flat but eventually showed a sharp decline with the exception of WTI crude. Further rising US domestic crude stocks and a strong US dollar pressured prices while concerns over the security situation in both Libya and Ukraine kept losses in check.
Posted by Patrick Kulsen on 02 juni 2014 14:44:22
Tags: Diesel price, Market Info, Oil price

30-05-14: ARA gasoil stocks rise on week

LONDON, May 30 (Reuters) - Gasoil stocks held at Europe's Amsterdam-Antwerp-Rotterdam (ARA) storage hub rose by 6.1 percent to 1.841 million tonnes in the week to Thursday amid weak demand and plentiful cargo imports, data from Dutch oil analyst Pieter Kulsen showed.
Posted by Patrick Kulsen on 02 juni 2014 14:40:38
Tags: Downstream, End-Users, European refineries, Fuel stocks, Gasoline stocks

 
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