13
May
Wrap – Week Ended 5/11/18
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The ZLT was up 2% last week, underperforming the energy averages on the week as Permian differential fears weighed heavily on certain names in that sub sector last Friday. We will reiterate player exposure in the Monday post.
Questions and comments under The Wrap will be addressed in the Monday post.
The Blotter is updated.
The ZEB positions and weekly performance page is updated.
Curacao Court authorizes Conoco Phillips to seize approx $636 million in PDVSA assets at the PDVSA refinery in Curacao on May12. PDVSA is reported to be shutting refinery down……Venezueala loses a 335,000 bopd source of revenue!
May 13th, 2018 at 8:55 amNot only does Venezueala lose the refinery output, but they also used the facility to blend heavy crude (Orinoco) grades with lighter crude grades so they could export the the blend……..this capacity also is lost.
May 13th, 2018 at 9:28 amWell this is early …
http://www.nola.com/weather/index.ssf/2018/05/tropical_development_in_gulf.html
May 13th, 2018 at 8:08 pm