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Last Week On The Site Watch:
Holdings Watch:
- We added to positions in two oily and one gassy upstream holding last week.
- We added two new oily upstream holdings last week and plan to increase those position sizes over the next few weeks to months.
- The blotter is updated.
Questions and comments under The Wrap will be addressed as time permits this weekend or in the Tuesday post.
Questions about the site may be directed to zmanalpha@gmail.com
Have a great long weekend,
Z
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Weather Watch: Colder
Last week: Gas-Weighted Heating Degree Days (HDDs) came in at 206 vs 226 normal and 203 in the prior week.
This week’s forecast: This week, CPC predicts HDDs will jump to 272 vs 225 normal and vs 179 a year ago.
The consensus EOS for March from the Desk has fallen to 1,860 Bcf as the next few withdrawals filter in.
North Dakota oil production reportedly down 0.5 to 0.425 mm bopd due to cold.
Get out of jail free pass on 1Q24 volumes for CHRD and VTS.
https://www.tradewindsnews.com/bulkers/eagle-bulk-ship-takes-direct-hit-in-latest-houthi-missile-strike/2-1-1583573
HOUTHI MILITARY SPOKESMAN: NAVAL FORCES CARRIED OUT MILITARY OPERATION TARGETING AMERICAN SHIP IN GULF OF ADEN WITH MISSILES
Multiple Lukoil refinery issues likely to impact Russian gasoline exports………….PDVSA Tank farm fire
https://bnnbreaking.com/breaking-news/accidents/significant-fire-erupts-at-pdvsa-tank-yard-in-venezuela-broader-implications/
Russian ban on gasoline exporting???
https://interfax.com/newsroom/top-stories/98440/
RAN’S REVOLUTIONARY GUARDS SAY IT HAS DESTROYED WITH BALLISTIC MISSILES ‘THE ESPIONAGE HEADQUARTERS OF ISRAEL’S MOSSAD IN IRAQ’S KURDISTAN’ – FARS NEWS AGENCY
re 7 – they flip flop every few weeks on tax on exports. Multiple stories saying they are having trouble with meeting energy supply needs in the east.
re 8 – reports of striking near the U.S. consulate there with a ballistic missile.