Oil price crashed to 0

[xenon54 out]

for now. dont get cocky and be grateful you have a job

Im working in a field thats closely related to Pharma, we have so much work right now.
The field hospital in wuhan got machines delivered by us for exsample, dont worry about me.

 

[Trango Towers]

Im working in a field thats closely related to Pharma, we have so much work right now.
The field hospital in wuhan got machines delivered by us for exsample, dont worry about me.

Your arrogance is incredible yet I have seen multi millionaires lose everything. We will see...remember your arrogance...when you fall. And everyone falls at some point. Great corporations even..remember Kodak.

 

[Pakistani Fighter]

End of global petro dollar economy. The new world alliances will be formed not on military power but economic alliances.

How to restart the world? This is the biggest question at the moment.

Agri economies will survive.

Well when corona gets down the petro dollar ecpnomy will survive

 

[Genghis khan1]

Calculate yearly demand, Build a huge storage and start storing. Store enough oil until next crash in oil prices. Oil crash every 4 to 8 years. That’s the wisest thing IK can do right now.

 

[Trango Towers]

Well when corona gets down the petro dollar ecpnomy will survive

Actually bro it's not Corona that has hit the WTInprice yesterday. Options contracts were coming to a close and inventories were full. Those that had positions had to dispose as if they didnt they would need to take position of the physical oil. Imagine if you live in an apartment in Manhattan where will will you put the oil. So they will dispose of the oil at any price

 

[Zulfiqar]

This has nothing to do with the oil we buy.

Unless we had some futures contracts maturing, this is irrelevant for us.

The contracts expiring few months later are still positive and we don't even buy crude from that market as far as I am aware.

 

[Trango Towers]

This has nothing to do with the oil we buy.

Unless we had some futures contracts maturing, this is irrelevant for us.

The contracts expiring few months later are still positive and we don't even buy crude from that market as far as I am aware.

Oh dear...
So wholesale prices has nothing to do with oil you buy....then why do you people complain when price of wholesale oil it's at a hundred dollars and at the petrol pump u have to pay huge amount to fill up your car...
Honestly I wonder why people comment sometimes. Do u know what the tread is about?

 

[AZ1]

Oh dear...
So wholesale prices has nothing to do with oil you buy....then why do you people complain when price of wholesale oil it's at a hundred dollars and at the petrol pump u have to pay huge amount to fill up your car...
Honestly I wonder why people comment sometimes. Do u know what the tread is about?

Pakistan buy branded oil I think. That is of $24 per barrel i think. Once branded oil is down then we will have our price. Ppl complain about market because of media.

 

[Trango Towers]

Pakistan buy branded oil I think. That is of $24 per barrel i think. Once branded oil is down then we will have our price. Ppl complain about market because of media.

I think you meant brent crude...yes it does. Brent was at 26 dollars yesterday and falling. 2/3 of global trade is in Brent crude.

 

[Zulfiqar]

Oh dear...
So wholesale prices has nothing to do with oil you buy....then why do you people complain when price of wholesale oil it's at a hundred dollars and at the petrol pump u have to pay huge amount to fill up your car...
Honestly I wonder why people comment sometimes. Do u know what the tread is about?

Please let me have the details of futures contracts which were affected yesterday in which Pakistani entities were the counter party.

Read my post again. I am also talking about crude oil. Now ask yourself, are we buying from the market where prices are negative or are we buying from some other market.

Once you do that then please judge your post with same criteria before commenting on the ability of others.

 

[xenon54 out]

Your arrogance is incredible yet I have seen multi millionaires lose everything. We will see...remember your arrogance...when you fall. And everyone falls at some point. Great corporations even..remember Kodak.

Whats arrogant about what i said?

 

[Trango Towers]

Whats arrogant about what i said?

Mate I really do wish you well...but you need to go back and read from another person perspective.

Please let me have the details of futures contracts which were affected yesterday in which Pakistani entities were the counter party.

Read my post again. I am also talking about crude oil. Now ask yourself, are we buying from the market where prices are negative or are we buying from some other market.

Once you do that then please judge your post with same criteria before commenting on the ability of others.

Do u know why the WTI was negative yesterday and positive as I type?

 

[Zulfiqar]

Mate I really do wish you well...but you need to go back and read from another person perspective.


Do u know why the WTI was negative yesterday and positive as I type?

I will refer to my first post and the second one.

Is Pakistan buying via WTI in meaningful quantities?

If you can't answer that then it is useless discussing it any further about why WTI was negative?

 

[Glass]

https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html

wti may -8$~
wti june 16$~

 

[Trango Towers]

I will refer to my first post and the second one.

Is Pakistan buying via WTI in meaningful quantities?

If you can't answer that then it is useless discussing it any further about why WTI was negative?

loooool ok....the reason i asked you is because i know. anyways this is useles. have a nice day