23
Aug
Wrap – Week Ended 8/21/15
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Questions and comments will be addressed under the Wrap in the Monday post.
Please note price deck changes in tomorrow's post.
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23
Aug
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http://www.bloomberg.com/news/articles/2015-08-23/iran-favors-holding-emergency-opec-meeting-zanganeh?cmpid=yhoo
rehash of Iranian production talk…i thought that Saudis said they can go ahead and pump away….OPEC did not instruct them not to.
why is it then that they are requesting an emergency OPEC meeting?
August 23rd, 2015 at 1:19 pmre 1 – pretty typical Iran reaction – they want others to cut.
From tomorrow's post – the Genscape news just hit
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Refinery Watch 1: BP Whiting – Genscape monitoring increased activity around the current offline large crude distillation unit.
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Refinery Watch 2: PBF – Delaware City Delaware – gasoline production to be down at least a month at the 65,000 bpd unit. That's gasoline so that's probably about 100,000 bopd out of the total refinery's 185,000 bopd capacity that is now offline. Or about 0.5% of the nation's refining capacity.
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Refinery Watch 3: HollyFrontier fire over the weekend at Tulsa refinery, company says no impact on operations.
August 23rd, 2015 at 5:40 pmMcClendon running out of gas:
http://www.bloomberg.com/news/articles/2015-08-17/mcclendon-s-marcellus-misadventure-exposes-lenders-to-more-pain
August 23rd, 2015 at 7:01 pmre 3 – thanks, never saw him as salable in the public equity market, not after all the baggage last time.
Oil hanging $40
http://www.cx-portal.com/wti/oil_en.html
August 23rd, 2015 at 7:34 pmMeltdown.
August 23rd, 2015 at 10:21 pmYeah, been watching the futures for awhile, down, down, down
Oil bounced off of $39 earlier
DJIA down 478 and SPX down 56 now.
August 23rd, 2015 at 11:05 pm$10-20 oil
http://www.financialpost.com/m/wp/blog.html?b=business.financialpost.com//news/energy/why-crude-oil-prices-still-have-a-long-way-to-fall-gary-shilling
August 24th, 2015 at 12:50 amDow down 674
sp futures down abt 80
gonna be ugly
August 24th, 2015 at 7:22 am