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Copyright © 2010: PennWell Corporation
All Rights Reserved.
Backwardation news and technical articles from Oil & Gas Journal. Search Backwardation latest and archived news and articles
but the big news is the return to backwardation in that market and the narrowing premium ..... Intermediate. “Typically bullish, backwardation often indicates a tightening of the supply ..... Inc. WTI trades haven’t been in backwardation —with monthly contracts sequentially
in the New York market, moving into backwardation with subsequent monthly contracts priced ..... landlocked contract was leading the show. Backwardation seeking flows were behind the strength ..... blend stock for oxygenate blending backwardation , the RBOB cracks to Brent are under
pressure to crude oil prices.” De Wet said, “While the Brent crude oil market is fairly tight, as reflected in the backwardation , the product market is also weak. Inventory levels are at the higher end of the levels seen in the past 5 years while product
simply too expensive vs. LPG. That will continue to put pressure on the naphtha crack and spreads. On the other hand, the backwardation in reformulated stock for oxygenate blending (RBOB) futures is surging to recent peaks, and we need to keep in mind that
and WTI, but with the falling Brent backwardation even that valuation does calculate for ..... year. Jakob reported, “The front backwardation roll in Brent is diminishing and is ..... oxygenate blending (RBOB) crack and backwardation also were under pressure Apr. 17
declining 2.5% and 3.3%, respectively.” In London, however, North Sea Brent managed a small rally. “The backwardation in Brent at the front-end of the curve significantly steepened ahead of the June Brent futures contract expiry today
He expects oil market fundamentals to tighten in the second half of this year. “Brent crude oil has remained in backwardation so far this year, which means oil stocks are unlikely to have built much outside the US. The spring refinery maintenance
change in the market structure from backwardation to contango. The emergence of that ..... worked as long as the market was in backwardation . But in September 1993, the NYMEX ..... the commodities shifted from mostly backwardation to mostly contango. Had the individual
week was the move of WTI back to a backwardation structure.” He further noted ..... passive investments in WTI, while the backwardation in Brent is coming off more rapidly than the backwardation in WTI is increasing. Backwardation
November-December spread expired in a backwardation of $1.60/bbl compared to the current ..... 20. “Meanwhile in Europe, the backwardation in Brent is easing while the Brent ..... since early August. Back then the backwardation in Brent was below 50¢/bbl and the