tyb's
>doc indicated he would be available at regular time but not able to check in per usual.. last night
Oil plunges 25%, extending recent losses as storage fills
U.S. oil prices plunged 25% on Monday on fears that worldwide storage will soon fill as the coronavirus pandemic continues to roil demand.
West Texas Intermediate for June delivery fell 25%, or $4.27, to trade at $12.71 per barrel, while international benchmark Brent crude traded 6.2% lower at $20.11 per barrel. Each contract is coming off its eighth week of losses in nine weeks.
WTI for July delivery fell more than 11% to $18.84 while the August contract slipped more than 7% to $22, suggesting the Street doesn’t see a meaningful recovery in the next few months. WTI, the U.S. benchmark, has fallen more than Brent as traders eye the quickly filling tanks at Cushing, Oklahoma, which is the nation’s largest storage facility apart from the Strategic Petroleum Reserve. It’s also where the contract is priced. U.S. stockpiles rose by 15 million barrels to 518.6 million barrels for the week ending April 17, according to the U.S. Energy Information Association.
At closely watched Cushing, oil in storage rose by about 10% in a week to 59.7 million barrels, about 25 million barrels shy of its capacity.
With prices at such depressed levels — WTI and Brent have dropped 72% and 68% this year, respectively — producers are struggling to breakeven. On Sunday, Houston-based Diamond Offshore Drilling filed for bankruptcy protection, and analysts say that more bankruptcies could be coming. Last Monday WTI plunged into negative territory for the first time in history as holders of the contract for May delivery — which was set to expire the next day — scrambled to sell their contract. But with oil demand not expected to recover anytime soon, and with nowhere to store oil, there was no buyer on the other side. In the end, the contract holders had to pay to have it taken off their hands.
And traders are saying the same fate could befall the June contract as it approaches expiration on May 19.
https://www.cnbc.com/2020/04/27/oil-news-crude-wti-brent-prices-today.html
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart
AZAZ09O9 C-560 from Huntsville Int'l on final (and should be on ground by now) at JBA
Spanish AF AME3194 Airbus A400M from Zaragoza ne towards Lithuania
NATO06 E-3A Sentry AWACS south from Northern Norway out of Geilenkirchen AB
82-8000 VIP 747 departing JBA north
MAGMA88 southeast from San Juan, Puerto Rico
VVLL867 00000000 _168437 P-8's _AE67B1 Drone out of NAS Jax update
watching…..signal says not update but altitude has changed currently shows @ 500 ft Harrisburg
we can't. why the 82-8000 was listed instead of AF1
82-8000 VIP 747 update over Harrisburg
The data has it all over the place and if this is a maintenance flight-which do habben as these planes have been inactive for over a month (that we know of) there are better places to do it…not next to or over an active airport at this altitude.
wish I knew. Some of that is muh data issues