dChan
Anonymous ID: b253dd Feb. 26, 2019, 12:55 p.m. No.5398906   🗄️.is đź”—kun   >>9048 >>9305 >>9383

VENEZUELA HAS $500 gorillion in CRUDE SITTING IN SHIPS AND NO ONE WANTS TO BUY IT

 

Venezuela is running out of space to store its sanction-stained crude that few dare to buy, forcing it to reduce output at a time when the world is thirsty for heavy, sulfurous oil.

 

Tankers holding 8.36 million barrels of Venezuelan crude worth upwards of a half-billion dollars are floating off the country’s coast as the nation struggles to find buyers for its oil following new U.S. sanctions in January. An armada of 16 ships holds cargoes belonging to state oil company Petroleos de Venezuela SA, Chevron Corp., Valero Energy Corp., and Rosneft Oil Co PJSC, according to shipping reports and ship-tracking data compiled by Bloomberg.

 

Oil ventures owned by PDVSA with Rosneft, Chevron, Total SA and Equinor ASA, whose upgraders convert tar-like Venezuelan crude into oil that refineries can process, reduced rates this week because they ran out of space to store crude, according to people with knowledge of the situation. With few buyers willing to take PDVSA’s oil, the alternative was to put some of that oil onto tankers to clear space and continue to operate at lower rates.

 

rest at link

https://finance.yahoo.com/news/venezuela-500-million-crude-sitting-104851490.html

Anonymous ID: b253dd Feb. 26, 2019, 1:10 p.m. No.5399296   🗄️.is đź”—kun   >>9317

Market Volume recap.

 

See ZH link below for moar information and plenty of charts to highlight what is going on. Remember charts do not lie. People do.

 

DOW

Volume 255,725,008

Avg. Volume 354,714,426

 

NAS

Volume 2,042,545,734

Avg. Volume 3,272,308,688

 

SP500

Volume 2,005,735,830

Avg. Volume 3,957,132,459

 

Stocks Stall At Critical Resistance Again, Yield Curve* Hits 12-Mo Steeps

market recap full of charts at ZH see link here

 

https://www.zerohedge.com/news/2019-02-26/stocks-stall-critical-resistance-again-yield-curve-hits-12-mo-steeps

 

https://finance.yahoo.com/quote/%5EGSPC?p=^GSPC

 

For moar Information on what an Inverted Yield Curve means (it's not good frens…not good at all) see this:

 

Flattening U.S. Yield Curve has Dollar Bulls Worried of a Federal Reserve Policy Mistake

 

https://www.poundsterlinglive.com/usd/8912-implications-for-us-dollar-of-flattening-yield-curve