• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 21 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 hours Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 3 hours Did China cherry-pick the factors that affected the economic slow-down?
  • 1 day "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 3 days U.S. : Employers Can Buy Retirement Security for $2.64 an Hour
  • 5 days "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 3 days Nord Stream - US/German consultations
  • 409 days Class Act: Bet You've Never Seen A President Do This.
  • 5 days An Indian Opinion on What is Going on in China
  • 5 days Storage of gas cylinders
  • 8 mins Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
  • 2 days Australia sues Neoen for lack of power from its Tesla battery
  • 2 days Forecasts for Natural Gas
Editorial Dept

Editorial Dept

More Info

Premium Content

The Billion Dollar Oil Hedge That May Never Happen

Remember August 1st? That’s when Trump announced new tariffs on China and oil took its biggest plunge in four years… and now the final week in August is gearing up to be even worse than that. Oil prices fell sharply at the end of the week after China announced on Friday that it will levy tariffs on US crude oil by the end of the year. Until now, China has targeted LNG for tariffs, but never crude. The market will be looking for a signal as to what this means for the demand picture, but its verdict won’t just be about strict near-term fundamentals. China doesn’t import the bulk of its crude from the US, while Saudi crude shipments to China have doubled over the past year. At the same time, the Fed’s Friday announcement could also impact oil markets.

The Oil Hedge That May Not Happen

Mexico’s billion-dollar oil hedge may not happen this year, a disappoint for Wall Street as the banks always battle to be on the profit side of this hedge. Volatile oil markets - the very thing that makes the hedge necessary for Mexico - are causing Mexico to reconsider is mega oil hedge that in 2015 netted the country more than $6 billion through the contracts it arranged with banks to sell its oil for a predetermined price that was much higher than the rate at the time of sale. While some progress was made in June in coming up with its formula for the hedge, it was still later in the year than usual. Mexico relies heavily on its wildly successful…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News