|
|
|
|
|
18.08.26 - 15:42
|
"Sea Of Red": Futures Slide As Market Wakes Up To Soaring Bond Yields And Diesel Prices (ZeroHedge)
|
|
|
"Sea Of Red": Futures Slide As Market Wakes Up To Soaring Bond Yields And Diesel Prices
US futures are a "sea of red" (as Bloomberg describes it) in early trading as thin summer volumes persist, with the wrong kind of inflation coming to the fore and Monday's tech selloff weighing on sentiment despite bullish AI news. The recent stock-bonds disconnect is finally being reappraised with US futures lower across the board. As of 8:00am ET, S&P 500 futures fell 0.4% with Nasdaq 100 contracts down 1.1% with Semis, Mag7, and Memory all under pressure, while Software is bid. Nvidia dropped 1.8% as the cost of protecting its debt against default closed in on a high reached last month. Defensives and Energy are leading as investors continue to de-gross / de-lever. Tech stocks drove declines across global markets equities as long-dated bond yields pushed further into multidecade highs and oil prices extended their climb, draining traders' appetite for risky assets. Yields...
|
|
|
18.08.26 - 14:09
|
"Absolutely Unprecedented": Diesel Crack Spread Hits Record As Refined-Products Crisis Arrives (ZeroHedge)
|
|
|
"Absolutely Unprecedented": Diesel Crack Spread Hits Record As Refined-Products Crisis Arrives
Brent and WTI futures remain below $100 a barrel on Tuesday morning, partly suppressed by governments releasing strategic oil reserves into global markets. But the more serious issue is building downstream, where the Russia-Ukraine war, strikes against energy infrastructure, and continued disruptions around the Strait of Hormuz are fueling the refined-products "perfect storm" we have repeatedly warned about.
Oil extended gains this morning, with Brent trading around $91 a barrel after another vessel attack was reported near the Hormuz maritime chokepoint. President Trump also said he had no interest in extending the interim peace agreement with Iran, which expired Monday.
Diesel is now the biggest concern ahead of the Northern Hemisphere harvest. Rising fuel costs threaten to hit farmers, freight operators, and ultimately consumers through higher prices for food and goods. JPMorg...
|
|
|
|
|
|
|
|
|
|
|
14.08.26 - 21:12
|
Pricey Diesel to Push Harvest Season Costs Higher, Says Tom Kloza (Bloomberg)
|
|
|
Tom Kloza, chief oil advisor to Gulf Oil, says that disruption in the global oil market from the Iran war is likely to make this harvest season extremely costly as average diesel prices extends over $5 a gallon. Kloza also discussed the impact economic pressure on Iran and said that that likely means the US won't have 'full and unfettered access' to the global oil markets. (Source: Bloomberg)...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.08.26 - 09:42
|
Diesel Crunch Looms Ahead of Winter, Energy Aspects Warns (Bloomberg)
|
|
|
A diesel squeeze spurred by wars in the Middle East and Ukraine is setting the stage for an even worse crunch as demand rises ahead of the Northern Hemisphere winter. Amrita Sen of Energy Aspects breaks down the situation on Bloomberg Television.
(Source: Bloomberg)...
|
|
|
07.08.26 - 12:09
|
Winter Is Coming: Europe Faces Twin Diesel And NatGas Crunch (ZeroHedge)
|
|
|
Winter Is Coming: Europe Faces Twin Diesel And NatGas Crunch
Samantha Dart, co-head of global commodities research at Goldman Sachs, began the week by telling Bloomberg TV that the global diesel-supply crunch is "what keeps her up at night." She followed up Wednesday with a client note warning that European natural gas storage levels are also lagging the seasonal average ahead of the winter heating period.
Benchmark TTF futures have fallen 7% this week to about 54 euros per megawatt-hour, but Dart maintained her 60-euro balance-of-third-quarter forecast. She noted that Northwest European LNG imports missed July expectations by 2.1 million tons on an annualized basis, leaving storage just 43% full at month-end versus the 45.5% projected.
The latest Bloomberg data shows that Europe's NatGas storage is about 57.87% full, roughly 18 percentage points below the 2009–25 average.
"Specifically, the July miss in European LNG imports (and the resulting miss in storage fill) vs our ex...
|
|
|
06.08.26 - 20:39
|
Global Diesel Crunch Deepens As Record US Distillate Exports Race To Supply-Starved Europe (ZeroHedge)
|
|
|
Global Diesel Crunch Deepens As Record US Distillate Exports Race To Supply-Starved Europe
US distillate exports surged to a record last week as global supplies tightened. Disruptions across the Gulf area and various surrounding maritime chokepoints, as well as Ukrainian one-way attack drone strikes that have paralyzed portions of Russia's energy infrastructure, have been a major boon for US refiners and export terminals along the Gulf of America.
To begin the week, Samantha Dart, co-head of global commodities research at Goldman Sachs, told Bloomberg TV, "The situation in Russia is really one thing that worries us a lot."
Dart warned, "I'd say on the oil side, as I mentioned before, diesel, I think is the oil product that is most vulnerable right now, not just because you have your seasonal demand strength ahead just in the winter, but on the supply side. And to your point in the beginning, it's not just that you run war, it's what's happening to the Russian refineries as ...
|
|