#commodity online crude oil

[winprofx01]

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[quirkymarshmallows93]

Gas Station Stream of Consciousness Post

Gas Stations as Liminal Spaces

I've had quite a few hyperfixations in my day - ATMs, laundry detergents, credit cards - so my current one pertaining to gas stations is fitting considering my affinity for liminal spaces and the dedication of this blog to them. Liminal spaces are transitory in nature, hence their portrayal in online circles through photos of carpeted hallways, illuminated stairwells, dark roads, and backrooms, among other transitional points.

Gas stations are posted online as well; images of their fuel pumps or neon signage photographed through a rainy car window communicate their liminality and the universal experiences they provide to all of society. Perhaps they are the ultimate specimen of a liminal space. The machines they are created for, automobiles and tractor trailers alike, themselves are tools for motion, vestibules that enable travel and shipment across long distances at high speeds. Cars and roads are liminal spaces, albeit in different formats, and gas stations serve as their lighthouses. Vehicles at filling stations, therefore, are in a sense liminal spaces within liminal spaces within liminal spaces.

The uniqueness of a gas station as a liminal space, however, is its intersection with the economics and aesthetics of capitalism. Gasoline (and diesel fuel) is a commodity, downstream from crude oil, merely differentiated by octane ratings. Some argue that minute distinctions between agents, detergents, and additives make some brands better than others. Indeed, fuels that are approved by the Top Tier program, sponsored by automakers, have been shown to improve engine cleanliness and performance, but this classification does not prefer specific refiners over others; it is simply a standard. To a consumer, Top Tier fuels are themselves still interchangeable commodities within the wider gasoline commodity market.

The Economics of Gas Stations

The market that gas stations serve is characterized by inelastic demand, with customers who reckon with prices that fluctuate day in and day out. This is not to say that consumer behavior does not change with fuel prices. It has been observed that as prices rise, consumers are more eager to find the cheapest gas, but when prices fall, drivers are less selective with where they pump and are just happy to fill up at a lower price than last week. In response, gas stations lower their prices at a slower rate than when increasing prices, allowing for higher profit margins when wholesale prices fall. This has been dubbed the "rockets and feathers" phenomenon.

When portrayed as liminal spaces, gas stations are most often depicted at night, places of solitude where one may also enter the adjacent convenience store and encounter a fellow individual who isn't asleep, the modern day lightkeeper. The mart that resides at the backcourt of a gas station is known to sell goods at higher prices than a supermarket, simultaneously taking advantage of a captive customer, convenient location, and making up for the inefficiencies of a smaller operation. It may come as no surprise, then, that gas stations barely make any money from fuel sales and earn their bulk through C-store sales. This is a gripe I have with our economic system. Business is gamified, and in many cases the trade of certain goods and services, called loss leaders, is not an independent operation and is subsidized by the success of another division of a business, a strategy inherently more feasible for larger companies that have greater scale to execute it.

Nevertheless, most gas station owners, whether they have just one or hundreds of sites, find this method fruitful. Even though most gas stations in the US sell one of a handful of national brands, they operate on a branded reseller, or dealer, model, with oil companies themselves generally not taking part in the operations of stations that sell their fuels. The giants do still often have the most leverage and margin in the business, with the ability to set the wholesale price for the distributor, which sells at a markup to the station owner, which in turn will normally make the least profit in the chain when selling to the end customer at the pump. This kind of horizontal integration that involves many parties lacks the synergies and efficiencies of vertical integration that are so applauded by capitalists, but ends up being the most profitable for firms like ExxonMobil, who only extract and refine oil, and on the other end of the chain merely license their recognizable brands to the resellers through purchasing agreements. Furthermore, in recent years, independent dealers have sold their businesses to larger branded resellers, in many cases the ones from whom they had been buying their fuel.

A Word on ExxonMobil's Branding Potential

The largest publicly traded oil company in the world is Exxon Mobil Corporation. It is a direct descendent of the Rockefeller monopoly, Standard Oil, which was broken up in 1911 into 34 companies, the largest of which was Jersey Standard, which became Exxon in 1973. This title was generated by a computer as the most appealing replacement name to be used nationwide to unify the Humble, Enco, and Esso brands, decades before AI was spoken of. The latter brand is still used outside of the United States for marketing, arising from the phonetic pronunciation of the initials of Standard Oil. In 1999, Exxon and Mobil merged, and the combined company to this day markets under separate brands. Exxon is more narrowly used, to brand fuel in the United States, while Mobil has remained a motor oil and industrial lubricant brand, as well as a fuel brand in multiple countries.

Mobil originated in 1866 as the Vacuum Oil Company, which first used the current brand name for Mobiloil, and later Mobilgas and Mobilubricant products, with the prefix simply short for "automobile". Over time, Mobil became the corporation's primary identity, with its official name change to Mobil Oil Corporation taking place in 1966. Its updated wordmark with a signature red O was designed by the agency Chermayeff & Geismar, and the company's image for service stations was conceived by architect Eliot Noyes. New gas stations featured distinctive circular canopies over the pumps, and the company's recognizable pegasus logo was prominently on display for motorists.

I take issue with the deyassification of the brand's image over time. As costs were cut and uniformity took over, rectangular canopies were constructed in place of the special ones designed by Noyes that resembled large mushrooms. The pegasus remained a prominent brand icon, but the Mobil wordmark took precedence, which I personally believe to be an error in judgement. This disregard for the pegasus paved the way for its complete erasure in 2016 with the introduction of ExxonMobil's "Synergy" brand for its fuel. The mythical creature is now much smaller and appears only at the top right corner of pumps at Mobil gas stations, if at all.

Even into the 90s and the 21st century the Pegasus had its place in Mobil's marketing. In 1997, the company introduced its Speedpass keytag, which was revolutionary for its time and used RFID technology, akin to mobile payments today, to allow drivers to get gas without entering the store or swiping a card. When a Speedpass would be successfully processed, the pegasus on the gas pump would light up red.

When Exxon and Mobil merged in 1999, the former adopted the payment method too, with Exxon's less iconic tiger in place of the pegasus.

The program was discontinued in 2019 in favor of ExxonMobil's app, which is more secure since it processes payments through the internet rather than at the pump.

What Shell has done with its brand identity is what Mobil should've done for itself. The European company's logo was designed in 1969 by Raymond Loewy, and is a worth contender for the "And Yet a Trace of the True Self Exists in the False Self" meme. In recent years, Shell went all in on its graphic, while Mobil's pegasus flew away. I choose to believe that the company chose to rebrand its stations in order to prevent the malfunction in the above image from happening.

ExxonMobil should have also discontinued the use of the less storied Exxon brand altogether, and simplifying its consumer-facing identity to just the global Mobil mark. Whatever, neither of the names are actual words. As a bonus, here is a Google map I put together of all 62 gas stations in Springfield, MA. This is my idea of fun. Thanks for reading to the end!

[agent-aurarivera]

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[starseedfxofficial]

WTI Crude Rises, Gold Dips: Hidden Market Patterns Revealed Gold’s Red Flare? Or Just a Midweek Tantrum? Before we get to the juice of today’s trading shenanigans, let's set the record straight. Not all news is made equal, and in a market this fickle, some news simply doesn't move the needle—just like when you realize those “huge” Black Friday discounts were only on the leftovers nobody wanted anyway. But hidden amidst the noise, there are often tiny patterns that drive the market—you just need to know where to look. So, let’s uncover some hidden gems in today's updates. WTI & Brent Crude Oil: Putin, Trump, and A Market That Couldn’t Care Less In today’s intriguing-but-didn't-quite-matter section, we heard that President Putin is apparently open to discussing a ceasefire with President-elect Trump. Sounds like a big headline, right? Except, for the markets, this was a snooze-fest. WTI and Brent climbed early in European trade, but quickly shrugged and edged back—kind of like when you put effort into a workout but end up ordering pizza right after. Here's where the advanced insight comes in. When geopolitical news hits the scene, the traders in the know understand that it’s often the follow-up, not the initial announcement, that carries market weight. If you're positioning yourself based on these headlines, it's a matter of patience. Today's jump? That’s nothing more than a reflex. The real movement—if it’s coming—will emerge when concrete actions back up those political niceties. For now, just keep your eyes peeled on inventory data (more on that later). Gold Dips but Still Shines Bright Gold’s taking a tiny dive today, but it’s still comfortably above Tuesday’s USD 2610/oz base. Let’s put it this way: it’s like realizing you’ve still got a decent amount in your account after an expensive weekend—a dip, sure, but not a disaster. It's a classic case of gold doing what gold does best—providing that comfort level where, even on a “down” day, things aren't all that bad. From an advanced trading perspective, it’s moments like these where traders are in a sweet spot for laddering in buys if they’re eyeing longer-term stability. Most traders overreact when they see red, but gold’s dip is well within its usual pattern. A savvy trader sees opportunity—not panic—when the floor is well above previous critical levels. Copper and the Risk Sentiment Rollercoaster Copper's up too, but let’s not throw a party just yet—it's a modest gain, mainly fueled by a broader rebound in risk sentiment. Think of copper as the thermometer for market optimism; today, it's saying, "Hey, things could be worse." It's bobbing within a USD 9.12-9.17k band, which means traders are still waiting for a solid signal to move with conviction. Now, here’s a nugget for the smarter trader: copper's resilience might be an early whisper that industrial activity is on an uptick, albeit not dramatically. This often sets the stage for positioning yourself well ahead of the herd in other correlated commodities. Remember, those who read between the lines get in ahead of the headlines. Gas Storage Charges: A Tiny Shockwave Coming Your Way Trading Hub Europe casually dropped the news that the gas storage neutrality charge from January 2025 will be EUR 2.99/MWh. Sounds boring? Maybe, but here’s why it matters. Storage charges directly affect supply-side decisions, and small shifts can snowball into larger implications for natural gas prices, particularly in the colder months. Hidden opportunity: watch how forward contracts adjust over the next few weeks. Charges might seem inconsequential now, but experienced traders know these set the stage for winter volatility. It’s all about getting in while the getting’s lukewarm. Equinor's Sverdrup Oilfield: Steady and Smooth, But Watch for the Next Jolt Equinor's Johan Sverdrup oilfield is back online after a power outage. It’s pumping 775k barrels per day—which is about the same as your daily caffeine intake if you’re a news junkie keeping up with everything. The takeaway here? Stability. No significant ripples today, but keep an eye out for reports on whether production stays smooth. These subtle markers can predict when WTI might go volatile if outages become a pattern. Private Inventory Data: When Too Much Oil Isn’t Always a Good Thing Today’s private inventory data surprised a bit: crude was up a whopping +4.8 million barrels against expectations of a meager +0.1 million. Meanwhile, gasoline inventories fell significantly by -2.5 million barrels, which might explain why your gas pump visits have felt even more like mini mortgages recently. Distillates also showed a draw, but nothing major. For the advanced trader, this is where the contrarian play might make sense. Too much crude and too little gasoline is an odd imbalance that can create interesting arbitrage opportunities in refining stocks or related energy derivatives. Classic misalignments like these are often where fortunes are made by those sharp enough to connect the dots. How to Ride Today’s Market Moves Like a Pro Okay, so we’ve got geopolitical news that isn’t quite living up to the hype, metals that are playing it coy, and some significant inventory swings. What's the takeaway? Simple: - Be Patient: Not every headline will be a game-changer, but some are precursors. Learn to see the sequence. - Read Between the Lines: Commodities are about relationships—between supply, demand, sentiment, and seasonality. Today’s gas storage charge may just be a number, but it’s what that number will mean for winter that matters. - Look for Misalignments: Crude and gasoline numbers are off-balance, creating a potential opportunity for refined products. Traders miss these details, and that’s where your edge lies. And remember, no trading blunder is worse than diving in without a plan. If you’re tired of getting blindsided, maybe it’s time to check out StarseedFX's free trading plan or trading journal—because smart trading is planned trading. To keep you on top of the market game, don’t forget to join our community for exclusive insights and next-level tactics you simply won’t find elsewhere. Because, let’s face it, the edge you need is often buried under a mountain of headline clutter, and it’s all about knowing where to dig. —————– Image Credits: Cover image at the top is AI-generated   Read the full article

[credenceresearchdotblog]

The Aviation Fuel Market is projected to grow from USD 249,812.34 million in 2023 to an estimated USD 721,085.21 million by 2032, with a compound annual growth rate (CAGR) of 12.50% from 2024 to 2032. The aviation fuel market plays a crucial role in the global economy, powering commercial airliners, cargo planes, and military aircraft. With air travel demand steadily increasing, the market for aviation fuel is expanding and evolving. This growth brings unique challenges and opportunities, including sustainability, fluctuating fuel prices, and shifts in global supply chains. Below, we explore the drivers of the aviation fuel market, current trends, and projections for its future.

Browse the full report https://www.credenceresearch.com/report/aviation-fuel-market

Overview of the Aviation Fuel Market

Aviation fuel, primarily in the form of jet fuel, kerosene, and aviation gasoline, is vital for maintaining air transport operations. It contributes significantly to operating costs, representing approximately 30-40% of airlines' total expenses. The aviation fuel market has been growing in parallel with the demand for air travel, which has been rising at an annual rate of about 4-5% over the past two decades.

However, fuel prices are heavily influenced by global oil markets, geopolitical events, and natural disasters. These factors impact not only the cost of jet fuel but also the airline industry’s financial stability. The market is also seeing a push towards biofuels and sustainable aviation fuels (SAF) as the industry seeks to align with global carbon reduction commitments.

Key Growth Drivers

1. Rising Demand for Air Travel: Increasing globalization, urbanization, and the growth of low-cost carriers (LCCs) have led to a surge in both passenger and cargo air traffic. Economic development in regions like Asia-Pacific, the Middle East, and Latin America has further contributed to this demand, as more people travel for business, tourism, and family connections.

2. Expansion of Military Aviation: Military aviation is another significant factor driving the demand for aviation fuel. Governments worldwide are investing in advanced military aircraft, which require reliable fuel supplies. Rising geopolitical tensions have led to increased military budgets in various countries, which in turn bolsters the aviation fuel market.

3. Growth in E-commerce: The rise of e-commerce has significantly impacted the aviation fuel market. Online retail giants like Amazon, Alibaba, and others are investing in efficient cargo air fleets to meet fast delivery expectations. Air freight is preferred over other transport modes due to its speed, increasing the demand for aviation fuel in the cargo segment.

4. Innovation in Fuel Efficiency: Technological advancements in aircraft design and engine efficiency are reducing the fuel consumption per mile flown. However, despite these efficiencies, overall demand for fuel is growing due to increased flight volume.

Major Market Trends

1. Sustainable Aviation Fuel (SAF) Development: One of the biggest shifts in the aviation fuel market is the move toward sustainable aviation fuel (SAF). Made from renewable sources like algae, used cooking oil, and municipal solid waste, SAF produces significantly fewer carbon emissions than conventional jet fuel. The International Air Transport Association (IATA) and major airlines aim to increase SAF use to meet long-term decarbonization goals, targeting carbon neutrality by 2050.

2. Fluctuating Fuel Prices: As a commodity, aviation fuel is subject to price fluctuations that are often beyond the control of airlines. The price of crude oil, geopolitical tensions, and disruptions in production or supply chains can all impact fuel prices. In response, airlines are employing fuel hedging strategies to stabilize costs, even though this sometimes leads to higher short-term expenses.

3. Adoption of Hybrid and Electric Aircraft: Research into hybrid-electric and fully electric aircraft is underway as part of broader efforts to reduce carbon emissions. Although electric aircraft are not yet commercially viable for long-haul flights, shorter, regional flights could be electrified in the near future, reducing fuel demand in these segments.

4. Regional Growth in Emerging Markets: Emerging markets in Asia-Pacific, the Middle East, and Africa are experiencing rapid aviation sector expansion due to economic growth and infrastructure development. This trend is creating increased demand for aviation fuel in these regions, with new airports, expanded routes, and larger airline fleets.

Challenges in the Aviation Fuel Market

1.Environmental Regulations: As global pressure mounts to reduce greenhouse gas emissions, the aviation sector is under increased scrutiny to limit its carbon footprint. Governments and regulatory bodies are enacting stricter environmental laws, such as the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), which requires airlines to offset their emissions.

2. Supply Chain Disruptions: Political instability, natural disasters, and pandemics can disrupt the global supply chain, affecting the availability and price of aviation fuel. The COVID-19 pandemic, for instance, significantly reduced aviation demand, and fuel suppliers faced unprecedented challenges in balancing supply with fluctuating demand.

3. Cost of SAF Production: Currently, SAF is significantly more expensive than conventional jet fuel, which limits its adoption. However, increased investment in production facilities and government incentives could bring down costs over time, making SAF a viable alternative for more airlines.

Future Outlook

The aviation fuel market is expected to grow in the coming years, with a compound annual growth rate (CAGR) of approximately 5% between 2023 and 2030. Emerging markets, SAF adoption, and advancements in aircraft technology will be key factors shaping the industry. Although conventional jet fuel will continue to dominate the market in the short term, SAF and alternative fuel sources are anticipated to make a greater impact as costs decrease and adoption scales up.

The future of the aviation fuel market will likely be defined by a balance between sustainability and profitability. Airlines, fuel suppliers, and governments will need to work together to support SAF development, promote efficiency, and manage emissions, all while meeting the growing demand for air travel.

Key players

Vitol

Exxon Mobil

Chevron Corporation

Shell Plc

Indian Oil Corporation Limited

TotalEnergies SE

BP Plc

Rosneft Deutschland GmbH

Valero Energy Corporation

Marathon Petroleum Corporation

World Fuel Services Corporation

Essar Oil (UK) Limited

Bharat Petroleum Corporation Limited

Segments

Based on Type

Jet Fuel

Aviation Gas (Avgas)

Bio Jet Fuel

Based on End User

Commercial

Private

Military

Based on Region

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

Browse the full report https://www.credenceresearch.com/report/aviation-fuel-market

Contact:

Credence Research

Please contact us at +91 6232 49 3207

Email: sales@credenceresearch.com

Website: www.credenceresearch.com 

[complaintreviews]

Golden Brokers Review 2024

This review will discuss the Malaysian-based forex broker, Golden Brokers Ltd. We explore its features with information on the trading platform, available markets, fees, regulation, pros, cons and more. Find out whether to open a live account with Golden Brokers.

Headlines

Golden Brokers Limited was founded in 2018. It is regulated by the Malaysian financial regulator Labuan FSC and its headquarters is based in Kuala Lumpur, Malaysia. It is not quite a global broker as many major geographical locations such as France, Germany and Switzerland are restricted, which other brokers for forex and all manner of trading cater to.

Trading Platforms

MetaTrader 5

MT5 is a world-leading platform with many tools and instruments that can be customised to help each user carry out thorough technical analysis and manage their positions. MT5 is a further development of the MetaTrader 4 platform, offering greater functionality, faster processes and a more intuitive layout. This platform is available on your web browser and downloadable on Windows and Mac.

MT5 platform features include:

Copy trading

21 timeframes

One-click trading

Integrated signals

Automated trading

Hedging and netting

38 built-in indicators

6 pending order types

Markets

Forex – Over 60 major, minor and exotic currency pairs

Commodities – 15 commodities, including precious metals and crude oil

Stock CFDs – Large multinational companies such as Apple, Google and Volkswagen

Indices – 14 global equity indices, such as the Dow Jones & FTSE

Trading Fees

Golden Brokers offers quite large spreads, with typical rates around 3-4 pips for major currency pairs like GBP/USD and EUR/GBP. Spreads for indices range from 2 to 50 pips, while commodities sit between 0.07 and 14 pips.

No commissions are charged, though there are overnight swap fees on CFD positions, which sit at a 0.5% charge, with a minimum fee of USD 20. Additionally, there is a dormancy charge of USD 100 for accounts that remain inactive for an entire year.

Mobile Apps

Golden Brokers clients can access mobile trading through the MetaTrader 5 application. This can be downloaded for both Apple (iOS) and Android (APK) devices from the relevant stores, boasting much of the functionality of the desktop versions. The app offers all supported order types, account management systems and asset classes, with 24 analysis tools and 30 indicators.

The broker’s website also links to a proprietary application on the Apple App Store and Google Play Store. However, there is no mention of the functionality of the application, except for the fact that 24/5 customer support is integrated. From the images provided, the application seems sleek, with at least line, area and candlestick chart support.

Payment Methods

Users can make deposits to and withdrawals from their Golden Brokers accounts using bank wire transfers, credit cards, debit cards and online payment services like Neteller. Deposits can be made in any currency, though they will be converted to USD. A minimum deposit limit of USD 100 is imposed.

Leverage

Golden Brokers clients can access leverage for forex pairs, though not for any other assets offered by the broker. All currency pairs have a maximum rate of 1:100, though this is flexible.

Account Types

To open an account with Golden Brokers you will need to provide personal information like your home address and date of birth, as well as income information like annual income and total net worth. Additionally, you must provide documentation showing proof of identity and residence. It is important to note that the broker will only accept transfers of funds from bank accounts listed on the application forms.

Demo Account

Golden Brokers have provided users with the opportunity to practise making trades on their platform and explore the various markets offered with a free demo account. Each account is given USD 100,000 of digital funds to execute forex, commodities, indices and CFD trades in a simulated environment.

Live Accounts

There is a standard live account on the Golden Brokers platform that provides access to the MetaTrader 5 platform and the many financial instruments. There is also the option for an Islamic account, with which users are entitled to 20 calendar days per year that are swap-free.

Regulation

Golden Brokers is regulated by the Labuan Financial Services Authority in Malaysia with License number MB/19/0030.

This means that the company is authorised to conduct its business and must maintain certain industry standards, such as protection of funds, for example. Client funds are kept safe through account segregation with tier-1 banking institutions, meaning that money can be returned if the broker collapses.

[palmoilnews]

VEGOILS-Palm opens higher on strong rival oils, MPOB data in focus KUALA LUMPUR, Oct 10 (Reuters) - Malaysian palm oil futures opened higher on Thursday after two straight sessions of falls, with stronger rival oils supporting the market, while investors awaited supply and demand data from the Malaysia Palm Oil Board (MPOB) for further cues. The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange gained 20 ringgit, or 0.47%, to 4,272 ringgit ($995.34) a metric ton in early trade. The contract fell 2.1% in the last two sessions. FUNDAMENTALS Dalian's most-active soyoil contract DBYcv1 rose 0.73%, while its palm oil contract DCPcv1 climbed 0.83%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.16%. Palm oil tracks price movements in rival edible oils, as they compete for a share of the global vegetable oils market. The MPOB is due to release its supply-demand data for September later in the day. The ringgit MYR=, palm's currency of trade, weakened 0.23% against the dollar, making the commodity cheaper for buyers holding foreign currencies. Oil prices rose in early Asian trade on concerns about potential supply disruptions in the Middle East, with Israel planning to strike oil-producer Iran, and on spikes in fuel demand as a major storm barrelled into Florida. Brent crude futures LCOc1 for December were up 0.65% at $77.08 a barrel, as of 0244 GMT. Stronger crude oil futures make palm a more attractive option for biodiesel feedstock. A United Nations trade agency is launching an online platform this month to help small farmers in developing countries maintain access to Europe once new deforestation rules kick in. Palm oil may bounce to 4,293 ringgit per ton, as it failed again to break support at 4,206 ringgit, Reuters technical analyst Wang Tao said. MARKET NEWS Asian stocks got a lift from Chinese stocks as China's central bank kicked off its 500 billion yuan facility to spur capital markets, while the dollar lingered near a two-month high ahead of U.S. inflation data later in the day.

[gftava]

Efficient Crude Oil Trading with AvaTrade Platform

Crude oil remains one of the most traded commodities globally, as it plays a vital role in the global economy. The volatility and liquidity of crude oil markets offer traders significant opportunities to profit. To effectively capitalize on these opportunities, traders need access to robust crude oil trading platforms. AvaTrade, a leading online trading platform, provides traders with an efficient way to engage in various markets, including crude oil.

Understanding Crude Oil Trading Platforms

A crude oil trading platform is a digital interface that allows traders to buy and sell crude oil contracts, typically in the form of futures or options. These platforms offer real-time market data, analytics, and a wide array of tools for executing trades. The main advantage of using a dedicated crude oil trading platform is its ability to provide insights into price movements, geopolitical factors affecting supply and demand, and technical analysis tools that guide traders in making informed decisions.

Traders using crude oil platforms can take advantage of price swings caused by geopolitical tensions, OPEC decisions, and global economic shifts. With advanced order types, risk management tools, and charting features, crude oil trading platforms are essential for traders looking to succeed in this highly volatile market.

AvaTrade Trading Platform Online

AvaTrade is a well-established online trading platform that caters to a wide variety of traders, including those interested in crude oil. The platform offers seamless access to crude oil markets through Contracts for Difference (CFDs), allowing traders to speculate on the price of crude oil without needing to own the physical commodity. This offers significant flexibility, as traders can profit from both rising and falling markets.

The Avatrade Trading Platform Online is known for its user-friendly interface, advanced charting tools, and multiple trading instruments. It offers comprehensive educational resources for novice and experienced traders alike, helping users develop strategies and improve their trading skills. Moreover, AvaTrade provides mobile access, ensuring that traders can monitor the markets and execute trades from anywhere, anytime.

Benefits of Trading Crude Oil on AvaTrade

Leveraged Trading: AvaTrade allows traders to use leverage, increasing potential returns.

Risk Management Tools: Features like stop-loss orders and trailing stops help manage risk effectively.

Real-Time Data: Traders benefit from real-time market data, enabling faster decision-making.

Conclusion

In the ever-dynamic crude oil market, choosing the right trading platform is critical for success. AvaTrade’s online platform offers a reliable, feature-rich environment for traders to navigate the complexities of crude oil trading with confidence. GFT Trading stands as a key player in helping traders access top-tier trading platforms like AvaTrade, empowering them to explore lucrative opportunities in crude oil markets with advanced tools, educational resources, and personalized support.

[companyknowledgenews]

Singapore’s Oil Party Spoiled by Falling Prices and China Gloom - Journal Global Internet https://www.merchant-business.com/singapores-oil-party-spoiled-by-falling-prices-and-china-gloom/?feed_id=192798&_unique_id=66dd54d9dec28 #GLOBAL - BLOGGER BLOGGER The oil party isn’t over yet — but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this week, the exuberance that came with the outsized profits of recent years is quickly fading.Author of the article:Bloomberg NewsSerene CheongPublished Sep 07, 2024  •  4 minute readhlqz3bs]is7vs[bn(s9q9)mf_media_dl_1.png Bloomberg(Bloomberg) — The oil party isn’t over yet — but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this week, the exuberance that came with the outsized profits of recent years is quickly fading.China’s economic slowdown, structural shifts in the global energy mix and the prospect of additional crude supply are all weighing on refiners and producers. Processing margins have tumbled. Traders will be no less glum, as the turbulence of the pandemic and of the months that followed Russia’s invasion of Ukraine — once-in-a-generation events — have been replaced by low volatility.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Merchant Sign In or Create an AccountorArticle contentThe thousands of oil executives, hedge funds and investors gathering for the Asia Pacific Petroleum Conference (APPEC) will be facing up to the grim reality that is already forcing Wall Street analysts to revise down price and demand forecasts. In recent weeks, global oil prices have erased all gains for this year. OPEC and allied nations have found themselves compelled to postpone a supply hike that could have tipped the market into surplus.Sentiment is unquestionably bearish, said Warren Patterson, head of commodities strategy for ING Groep NV in Singapore, absent a return to the geopolitical uncertainty and trading frenzy of the years when Donald Trump was in the White House. “It would take something like Trump coming back in to shake things up again to add that kind of excitement and turbulence back into the market.”Of all the gloomy topics at Asia’s biggest oil gathering of the year, the toughest to avoid will be China — and the question of whether cooling consumption is masking a more permanent decline in fossil fuel use as clean energy takes hold. Beijing’s economic troubles run deep, and indicators have repeatedly sounded warnings on demand in the world’s largest crude importer, until recently a key source of growth for global crude. In August, factory

activity contracted for a fourth straight month, while loan data has been uninspiring and the job market dour. Economists are now forecasting China will fall short of delivering its growth target of around 5% this year.By signing up you consent to receive the above newsletter from Postmedia Network Inc.Article contentArticle contentTraders who anticipated a stimulus-led recovery have repeatedly been forced to revise their forecasts, initially pushing the revival back to early this year and now into 2025. Even then, China will likely face a new normal when it comes to energy. Commodities trader Trafigura is among those who have suggested the nation’s gasoline demand may have already peaked due to rapid growth in electric vehicles, while high-speed rail travel and trucks fueled by liquefied natural gas are crimping appetite for jet fuel and diesel. These, combined with a slump in consumer confidence, have already contributed to a year-on-year dip in crude imports from January-July — a phenomenon previously seen only during the depths of Covid-19.The other cloud hanging over the Singapore gathering is Organization of the Petroleum Exporting Countries and allies and what comes next — even after the cartel brushed off Libyan outages and pushed back additional supply for two months —  a move that still wasn’t enough to roll back steep price losses. Since OPEC+ began output cuts in 2020, some of the group’s traditional suppliers have been losing ground in China, where refiners cranked up imports of restricted crude, using networks that the US cannot reach. India has turned to lesser-known entities to broker deals. Article contentWhile Saudi Arabia has invested more in Chinese refiners, locking in some downstream demand, it’s unclear if that’s enough to stem a decline. A slump in margins is capping processors’ ability to pay for imports, leading operating rates at China’s private refining sector to hover at close to 50% or lower in the past weeks. State-owned processors, meanwhile, are considering trimming volumes in a counter-seasonal move. The one irrefutable winner next week will be the city-state of Singapore. From its skyscrapers, oil executives will spot the queue of hundreds of vessels waiting off the coast for their chance to refuel, a reminder that this is one of the world’s busiest bunkering hubs, as well as a key financing center.Since attacks from Houthi rebels in the Red Sea began last year, the port of Singapore has seen a surge in bunker fuel sales and trans-shipment activity as vessels ranging from container carriers to oil supertankers make the detour around the African continent, skipping spots such as Fujairah in favor of Southeast Asia. The trading community that has thrived along with the port is still expanding. Even Dubai’s emergence as an attractive alternative for many companies — a financial center where firms handling Iranian and Russian trades can easily be set up and dissolved — has yet to dent the appeal of the island nation.What may be up for uncomfortable discussion, among cocktails and presentations, is whether China’s slowdown could.Article contentSource of this programme “My grandma says this plugin is interesting!”“The oil party isn’t over yet — but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this week, the exuberance that came with the outsized…”Source: Read MoreSource Link: https://financialpost.com/pmn/business-pmn/singapores-oil-party-spoiled-by-falling-prices-and-china-gloom#Merchant – BLOGGER – Merchant http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/09/g5ba0636b01eb30bb0c24b8c39023f687899a69bf52b3d916156b628866ec299a69ed0e802518cb5b9f79006e483f7637207.jpeg The oil party isn’t over yet — but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this week, the exuberance that came with the outsized profits of recent years is quickly fading. Author of the article: Bloomberg News Serene Cheong Published Sep 07, 2024  •  4 minute read hlqz3bs]is7vs[bn(s9q9)mf_media_dl_1.

png Bloomberg … Read More

[starseedfxofficial]

The Trading Tango Nobody Wants: Forex Opportunities from US-Russia Tensions The Trading Tango Nobody Wants: When Diplomacy and Forex Collide It seems like every day there’s a new plot twist in the global political drama, and if you’re a Forex trader, you know these shifts can turn into unexpected opportunities—or traps. Today, we’re diving deep into how some international chatter might just impact your trades in surprising ways. But let’s start with a personal story. Have you ever bought a pair of shoes online, only to find they fit like a glove…for a toddler? Yeah, a total blunder. Trading is kind of like that sometimes. Without the right information, you might just be stepping into a market with two left feet. So, let's decode some of the recent geopolitical chatter, give you the heads up that others might miss, and make sure you’re not buying a size too small for your portfolio. Putin, Biden, and the Forex Domino Effect In the latest news, the US Ambassador to the United Nations hinted at more security aid for Ukraine, while French President Macron gave a thumbs-up to Biden’s decision allowing Ukraine to use American-supplied weapons against Russia. Meanwhile, a Kremlin spokesperson said that Russia would love to ‘tango’ with the US again, though they won’t dance alone. Oh, and by the way, Russia and China’s foreign ministers are apparently best buddies again, holding a cozy chat about their ‘unprecedented’ strategic ties. All of this geopolitical tension reads like a spy novel, but how does it actually affect you, the savvy Forex trader? Well, here’s the deal: news like this often leads to market sentiment shifts that ripple through currency pairs faster than rumors at a family reunion. The Dollar, the Euro, and the Ruble Walk into a Bar... Okay, no bars here—just some potentially sharp market moves. When the US pledges more support to Ukraine, we usually see an uptick in safe-haven demand. Traders pile into the US Dollar (USD) or even the Swiss Franc (CHF), leaving riskier currencies like the Euro (EUR) or Russian Ruble (RUB) a bit battered. Macron’s public approval of Biden’s move further underscores Europe’s alignment with the US, which might strengthen the Euro in the short term, particularly against emerging market currencies. But here’s where it gets really interesting... Hidden Pattern Alert: USD vs. Risk Sentiment A lesser-known but juicy nugget? The correlation between geopolitical risk and commodities, like oil, has been unusually high lately. When tensions flare, it’s not just about currencies; energy prices go haywire too. For traders, this spells out opportunities in the Canadian Dollar (CAD), since CAD moves in line with crude oil’s twists and turns. Picture this: every major political statement is a spark to crude prices, and the CAD catches fire right after. Want to take advantage? Keep an eye on crude oil futures every time Russia and Ukraine enter the headlines—it’s like having a cheat sheet for the next CAD move. China and Russia’s Cozy Chats: The Yuan's Hidden Agenda While we’re at it, let’s talk about China. EU foreign chief Borrell pointed out China’s increasing role in Russia’s war efforts. In simple terms, the stronger the China-Russia alliance becomes, the more confidence Beijing gets in using its influence—and that affects the Yuan (CNY). A typical reaction? As Russia cozies up to China, you might see CNY strengthening as China flexes its muscles in global affairs. In Forex land, contrarian moves often yield big returns, so consider taking a second look at any decline in USD/CNY as an entry opportunity—after all, the dragon doesn’t roar without shaking things up. The Tango Without a Partner: Russia's Currency Conundrum Russia said they’re ready to ‘normalize ties’ with the US, but apparently, they won’t ‘tango’ alone. Now, I’m no dance expert, but here’s the takeaway: Russia’s rouble (RUB) is likely to get jostled around like a solo dancer at a wedding reception if this diplomatic uncertainty continues. The truth is, ambiguity isn’t sexy for traders—it’s terrifying. If Russia continues hinting about changing its nuclear doctrine while holding off on specifics, that could drive the RUB lower against the USD and the EUR due to higher perceived risk. Here’s the contrarian play: if you’re gutsy, you could look for buy opportunities in RUB when market sentiment overreaches and prices are oversold. However, tread carefully—diving into the Russian market without a solid plan could feel like buying those two-left-footed shoes. Strategic Bilateral Talks and Forex Pair Volatility Russia and China meeting on the sidelines of the G20 might not make front-page headlines for everyone, but for a trader in the know, it’s a different story. The Russian Ruble and the Chinese Yuan are expected to continue their tango—this means heightened volatility in their respective Forex pairs. Savvy traders might look at EUR/CNY or even USD/CNY for arbitrage opportunities based on the fluctuating narratives between these two powerhouse nations. The Overlooked Factor: China and Commodities Here’s a hidden gem that often goes unnoticed: as China increases its involvement in the Russia-Ukraine narrative, the impact on commodities such as iron ore, copper, and natural gas could drive emerging market currencies like the Australian Dollar (AUD). China is a major player when it comes to importing raw materials, and any fluctuation in China’s political landscape could give you clues on where the AUD might be heading. Picture the Australian Dollar as a surfer catching the waves of Chinese industrial shifts—you just have to be ready to paddle in the right direction. Forex Lessons in Diplomacy Politics might not always feel like the most approachable topic, but when you start looking at it through the lens of Forex opportunities, it turns into a treasure trove. It’s like finding hidden Easter eggs that everyone else overlooked. The key here is to stay nimble and use a contrarian lens—while everyone else might be focusing on the noise, zero in on the signals. And speaking of signals, why not take this deeper? Join our StarseedFX Community to get daily alerts, expert analysis, and live trading insights that will keep you ahead of the curve. You’re not just here to follow the market; you’re here to lead. If you’re not already keeping a trading journal, you’re leaving strategic advantages on the table—grab our Free Trading Journal and start refining your edge today. Remember, in Forex, just like in dance, timing and moves matter. So why not join the community and learn a few new steps that others won’t see coming? Essential Takeaways for Traders: - Hidden Patterns: Tensions involving the US, Russia, and China drive energy prices, indirectly influencing CAD and AUD. - Contrarian Insights: Watch for opportunities in RUB and CNY when sentiment overshoots. - Commodity Connections: China’s role in geopolitics affects commodities, which directly ties into AUD and CAD moves. Ready to step into the market with both the confidence and the humor of a pro? Make sure to check out our Smart Trading Tool for next-level precision in every trade you make. Let’s make sure your Forex shoes fit perfectly this time. —————– Image Credits: Cover image at the top is AI-generated   Read the full article

[internetcompanynews]

Singapore’s Oil Party Spoiled by Falling Prices and China Gloom - Journal Global Internet - BLOGGER https://www.merchant-business.com/singapores-oil-party-spoiled-by-falling-prices-and-china-gloom/?feed_id=192793&_unique_id=66dd53b096e6e The oil party isn’t over yet — but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this week, the exuberance that came with the outsized profits of recent years is quickly fading.Author of the article:Bloomberg NewsSerene CheongPublished Sep 07, 2024  •  4 minute readhlqz3bs]is7vs[bn(s9q9)mf_media_dl_1.png Bloomberg(Bloomberg) — The oil party isn’t over yet — but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this week, the exuberance that came with the outsized profits of recent years is quickly fading.China’s economic slowdown, structural shifts in the global energy mix and the prospect of additional crude supply are all weighing on refiners and producers. Processing margins have tumbled. Traders will be no less glum, as the turbulence of the pandemic and of the months that followed Russia’s invasion of Ukraine — once-in-a-generation events — have been replaced by low volatility.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Merchant Sign In or Create an AccountorArticle contentThe thousands of oil executives, hedge funds and investors gathering for the Asia Pacific Petroleum Conference (APPEC) will be facing up to the grim reality that is already forcing Wall Street analysts to revise down price and demand forecasts. In recent weeks, global oil prices have erased all gains for this year. OPEC and allied nations have found themselves compelled to postpone a supply hike that could have tipped the market into surplus.Sentiment is unquestionably bearish, said Warren Patterson, head of commodities strategy for ING Groep NV in Singapore, absent a return to the geopolitical uncertainty and trading frenzy of the years when Donald Trump was in the White House. “It would take something like Trump coming back in to shake things up again to add that kind of excitement and turbulence back into the market.”Of all the gloomy topics at Asia’s biggest oil gathering of the year, the toughest to avoid will be China — and the question of whether cooling consumption is masking a more permanent decline in fossil fuel use as clean energy takes hold. Beijing’s economic troubles run deep, and indicators have repeatedly sounded warnings on demand in the world’s largest crude importer, until recently a key source of growth for global crude. In August, factory activity contracted for a fourth straight month, while loan data has been uninspiring and the job market dour.

Economists are now forecasting China will fall short of delivering its growth target of around 5% this year.By signing up you consent to receive the above newsletter from Postmedia Network Inc.Article contentArticle contentTraders who anticipated a stimulus-led recovery have repeatedly been forced to revise their forecasts, initially pushing the revival back to early this year and now into 2025. Even then, China will likely face a new normal when it comes to energy. Commodities trader Trafigura is among those who have suggested the nation’s gasoline demand may have already peaked due to rapid growth in electric vehicles, while high-speed rail travel and trucks fueled by liquefied natural gas are crimping appetite for jet fuel and diesel. These, combined with a slump in consumer confidence, have already contributed to a year-on-year dip in crude imports from January-July — a phenomenon previously seen only during the depths of Covid-19.The other cloud hanging over the Singapore gathering is Organization of the Petroleum Exporting Countries and allies and what comes next — even after the cartel brushed off Libyan outages and pushed back additional supply for two months —  a move that still wasn’t enough to roll back steep price losses. Since OPEC+ began output cuts in 2020, some of the group’s traditional suppliers have been losing ground in China, where refiners cranked up imports of restricted crude, using networks that the US cannot reach. India has turned to lesser-known entities to broker deals. Article contentWhile Saudi Arabia has invested more in Chinese refiners, locking in some downstream demand, it’s unclear if that’s enough to stem a decline. A slump in margins is capping processors’ ability to pay for imports, leading operating rates at China’s private refining sector to hover at close to 50% or lower in the past weeks. State-owned processors, meanwhile, are considering trimming volumes in a counter-seasonal move. The one irrefutable winner next week will be the city-state of Singapore. From its skyscrapers, oil executives will spot the queue of hundreds of vessels waiting off the coast for their chance to refuel, a reminder that this is one of the world’s busiest bunkering hubs, as well as a key financing center.Since attacks from Houthi rebels in the Red Sea began last year, the port of Singapore has seen a surge in bunker fuel sales and trans-shipment activity as vessels ranging from container carriers to oil supertankers make the detour around the African continent, skipping spots such as Fujairah in favor of Southeast Asia. The trading community that has thrived along with the port is still expanding. Even Dubai’s emergence as an attractive alternative for many companies — a financial center where firms handling Iranian and Russian trades can easily be set up and dissolved — has yet to dent the appeal of the island nation.What may be up for uncomfortable discussion, among cocktails and presentations, is whether China’s slowdown could.Article contentSource of this programme “My grandma says this plugin is interesting!”“The oil party isn’t over yet — but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this week, the exuberance that came with the outsized…”Source: Read MoreSource Link: https://financialpost.com/pmn/business-pmn/singapores-oil-party-spoiled-by-falling-prices-and-china-gloom#Merchant – BLOGGER – Merchant http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/09/g5ba0636b01eb30bb0c24b8c39023f687899a69bf52b3d916156b628866ec299a69ed0e802518cb5b9f79006e483f7637207.jpeg Singapore’s Oil Party Spoiled by Falling Prices and China Gloom - Journal Global Internet - #GLOBAL BLOGGER - #GLOBAL

[mynewshq]

Dangote refinery designed to process Nigerian crude – CEO

The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has stated that his $20bn Dangote Petroleum Refinery was built to use Nigerian crude and add value to it within the country. Dangote, who stated this in a statement issued by the refinery on Thursday, asked why should the plant deviate from this focus, as he admitted that the refinery had also been refining crude oil grades from Europe, the United States, and other countries. Africa’s wealthiest man further noted that the domestic crude oil supply issues in Nigeria were being resolved by the parties involved. The statement said the refinery has already affected crude flows, with dozens of Nigerian cargoes remaining in-country and US WTI Midland, a comparable light, sweet grade, being imported. It said the mega-refinery could therefore tighten the light, sweet crude market. “Its diet is WTI and the lighter Nigerian (crudes) so if you were chasing those barrels you’d probably feel it quite keenly,” the statement stated that a West African crude trader told Commodity Insights. It said WTI Midland crude initially emerged as the favoured feedstock to supplement Nigerian supply, with the refinery signing long-term supply contracts for the US grade and noting its competitive pricing. It stated that crude flows in and out of the Dangote refinery have been felt in other markets, especially in Europe, the largest consumer of light, sweet Nigerian crude. “The US grade has accounted for 30 per cent of crude delivered to Dangote, through 18 cargoes,” the multi-billion dollar company stated in the statement.It said Dangote stated that the facility would broaden the refinery’s feedstock sources with Libyan, Angolan, and Brazilian crude. “The refinery was built to use Nigerian crude and add value to it within Nigeria. Why should we deviate from that focus?” Dangote stated, adding that the crude supply issues were “getting resolved”, but that the refinery remained open to all opportunities “to supplement it”. “Dangote refinery is designed to process a range of light and medium grades of crude oil, including Nigerian grades,” said Rasool Barouni, Associate Director and head of Refining at S&P Global Commodity Insights. “Other similar grades including other WAF grades could be an option.” Nigeria is sub-Saharan Africa’s largest oil producer, pumping 1.5 million barrels per day in June, according to the Platts OPEC Survey from S&P Global Commodity Insights. Until this year, all of its oil was exported due to the lack of refining capacity, with gasoline, diesel, and jet fuel imported for domestic use. The statement also noted that the Organisation of Petroleum Exporting Countries said supplies from Dangote Refinery and Petrochemicals would put pressure on the performance of Europe’s oil industry, especially the Northwest Europe gasoil. It stated that OPEC in its monthly Oil Market Report for June 2024 listed Dangote refinery among the top diesel and jet fuel suppliers that would disrupt Europe’s oil and gas Industry, a development experts forecasted would positively impact the Nigerian economy. Recall that Standard & Poor Global quoting trading and the ship tracking sources had earlier predicted that Nigeria’s $20bn Dangote refinery would shake up international crude flows when it reaches full capacity, having already made an impact since coming online in January, trading sources and ship tracking data show. In another development, the Dangote refinery clarified its stand on crude supply to the plant. “Our attention has been drawn to media reports alleging that the Dangote refinery has backtracked by acknowledging that NNPC supplied about 60 per cent of the 50 million barrels we lifted.“ To clarify, we have never accused NNPC of not supplying us with crude. Our concern has always been NUPRC’s reluctance to enforce the domestic crude supply obligation and ensure that we receive our full crude requirement from NNPC and the IOCs. “For September, our requirement is 15 cargoes, of which NNPC allocated six. Despite appealing to NUPRC, we’ve been unable to secure the remaining cargoes. When we approached IOCs producing in Nigeria, they redirected us to their international trading arms or responded that their cargoes were committed. “Consequently, we often purchase the same Nigerian crude from international traders at an additional $3-$4 premium per barrel which translates to $3-$4 million per cargo,” the refinery stated in a statement issued on Thursday. It still insisted that “we are unable to secure our full crude requirement from domestic production and urge NUPRC (Nigerian Upstream Petroleum Regulatory Commission) to fully enforce the domestic crude supply obligation as mandated by the PIA.” Read the full article

[accapitalmarket]

FOMC likely to cut in September, Gold jumps as Middle East conflicts escalate

US stocks rose on Wednesday as the Federal Reserve signalled the likelihood of a September interest rate cut, while, as expected, leaving rates unchanged following its latest policy meeting.

“A reduction in the policy rate could be on the table as soon as the next meeting in September,” Fed Chair Jerome Powell said at a news conference after the meeting. “We’re getting closer to the point at which it’ll be appropriate to reduce our policy rate, but we’re not quite at that point.”

In their policy statement, Fed officials made two important changes that acknowledged recent progress in their inflation fight and that pivoted them closer to lowering rates without making any explicit commitment.

The day’s US data added to the rate cut hopes. The Chicago purchasing managers index fell to 45.3 in July, down from a seven-month high of 47.4 in June, but above forecasts for 44.8. But the pending home sales index rose 4.8% month-on-month in June to 74.3, well ahead of expectations for a 1.5% increase.

Meanwhile, ahead of Friday’s key July non-farm payrolls, the latest ADP private sector employment report showed an increased of 122,000 month-on-month, below expectations for a 150,000 advance. June's gain was revised to 155,000 from 150,000.

At the close in New York, the blue-chip Dow Jones Industrials Average was up 0.2% at 40,842, while the broader S&P 500 index gained 1.6% to 5,522, and the tech-laden Nasdaq Composite jumped 2.6% to 17,599.

Meta Platforms was the latest of the tech Magnificent Seven to release quarterly earnings, albeit after the Wednesday close. The Facebook, Instagram, and WhatsApp owner, beat estimates for the second quarter and issued a better-than-expected forecast for the current period. That sent its shares 4.6% higher in after-hours trading.

But another Magnificent Seven component, Microsoft lost 1.1% as its fourth-quarter earnings, released after the Wall Street close on Tuesday, saw cloud revenue growth miss expectations.  Overall, the software giant’s earnings just edged past estimates for the quarter.

Chip stocks provided the main boost for the tech sector after Advanced Micro Devices jumped 4.4% as it posted stronger-than-expected earnings and forecast upbeat revenue for the current quarter, citing strong demand from artificial intelligence (AI). Rival NVIDIA benefited in kind, leaping 12.8%, while Broadcom gained 12.0%.

Elsewhere, Match Group was 13.2% higher after the online dating service recorded a second-quarter revenue beat and announced plans to lay off about 6% of its staff to cut costs. And Starbucks rose 2.7% after the coffee chain met expectations for quarterly profit, even as its global sales declined.

But on the downside, Pinterest dropped 14.5% after the social media group delivered a weaker-than-expected third quarter, despite achieving record global monthly active users. And health insurers Humana shed 10.6% on the back of weak forward guidance even as Q2 profit beat estimates.

With commodities, crude prices soared after the killing of Hamas leader Ismail Haniyeh in Iran heightened tensions in the Middle East, raising prospects of a wider conflict in the region hitting oil supplies.

US WTI crude climbed 5.2% to $78.61 a barrel, while UK Brent crude rose 4.0% to $80.21 a barrel.

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The information contained in this market commentary is of general nature only and does not take into account your objectives, financial situation or needs. You are strongly recommended to seek independent financial advice before making any investment decisions.

Trading margin forex and CFDs carries a high level of risk and may not be suitable for all investors. Investors could experience losses in excess of total deposits. You do not have ownership of the underlying assets. AC Capital Market (V) Ltd is the product issuer and distributor. Please read and consider our Product Disclosure Statement and Terms and Conditions, and fully understand the risks involved before deciding to acquire any of the financial products provided by us.

The content of this market commentary is owned by AC Capital Market (V) Ltd. Any illegal reproduction of this content will result in immediate legal action.

[starseedfxofficial]

Hidden Market Trends You Missed: Bonds, Commodities & Crypto Welcome to the World of the Hidden Patterns Ever feel like Forex markets are that elusive, sly friend who refuses to play by any of the usual rules? You’re not alone. Today, we’re going on a deep dive into what’s making waves across fixed income, commodities, and even that most mysterious of creatures—crypto. And while we’re at it, we’ll uncover some hidden opportunities that you won’t see headlined on every mainstream platform. Let’s turn you into a market whisperer. Bond Bears & Sleeping Bulls: Fixed Income Takes a Nap You know when you’ve got nothing exciting planned for a Tuesday and the most thrilling thing you do is rearrange your bookshelf? That’s basically what 10-year U.S. Treasury (UST) futures are doing. Stuck in a range after a rollercoaster ride yesterday, the market’s just catching its breath, waiting for something to make it move—a bit like realizing you bought the wrong size shoes online but haven’t mustered the energy to return them yet. Meanwhile, in Europe, the Bund futures have taken a victory lap back above the 132.00 level, only to promptly hit a snooze button. No major catalysts out of the eurozone, except for the final October inflation data. It’s like bund traders just decided to spend the day watching re-runs—they’re up but not really at ‘em. Over in Japan, 10-year Japanese Government Bonds (JGBs) saw a little bit of action, climbing ever so slightly on stronger demand from an enhanced liquidity auction. But let’s be real—“slightly” is the operative word here. Here’s where the real magic is: liquidity traps. Have you heard about these enhanced liquidity auctions for long-to-super-long JGBs? They’re not just a quirky detail; they’re a rare peek into which part of the yield curve Japanese institutional investors think will be most stable. Imagine it like a treasure map with an X over the quietest spot in the bond market—where everyone’s headed when the storm clouds gather. Commodities Stepping Up: From Gold to Crude, They're on the Move Crude oil has decided to ride high on the weaker dollar and those supply hiccups. The market’s treating these disruptions like unexpected holidays—the kind where you’re glad for the day off, but have no idea what to do with it. The good news? It’s holding on to recent gains, and there might be more opportunities here if you're looking at hedging against currency fluctuations or exploiting inventory shortfalls. Spot gold’s a bit like that overachiever who insists on staying ahead of the pack, hovering above the USD 2600/oz level. Here’s the secret—most traders watch gold as a safe haven, but very few dig into intermarket relationships. When crude prices surge, it often leaves the dollar weaker, giving gold a chance to shine—pun intended. Meanwhile, copper is getting a little love thanks to positive risk sentiment and supportive whispers from Chinese officials. Remember, if there’s one rule in the commodity market, it’s to follow the pledges from China. When they support the economy, demand for industrial metals like copper tends to go up—and there’s your opportunity to ride the bullish wave. Bitcoin and the Political Charm Offensive Bitcoin’s back above the USD 91,000 level after a steady climb overnight. And now for the kicker: U.S. President-elect Donald Trump is reportedly meeting privately with Coinbase CEO Brian Armstrong. If that isn’t a plot twist worthy of a Netflix special, I don’t know what is. The question on everyone’s mind is, will Bitcoin benefit from a friendly nod from a high-profile political figure? Contrarian insight here—instead of focusing on what a Trump-Armstrong meeting might mean in the long term, look at short-term volatility expectations. There’s usually an emotional reaction to these kinds of headlines, and that's a prime window to trade. Remember, when the rest of the market is drooling over hypotheticals, the shrewd trader stays nimble and pounces on price swings. Turning Information into Action: Your Playbook So, what can you do with all this information? It’s about finding the niche where traders aren’t looking. While the Bund and UST markets are snoozing, consider placing trades that exploit the lack of volatility—like range-bound strategies that profit as long as prices don’t change too much. When gold and copper are on the move, don’t just think about buying—look at spread trades, correlating how these metals play against each other, or even how they stack up against energy prices. And finally, with Bitcoin’s rebound and all the political buzz—consider straddles or strangles. When uncertainty is high, you’re not looking for direction, you’re looking for movement. This is the kind of edge that turns an ordinary trade into a profit booster. What’s Next? The Forgotten Tactics Worth Revisiting To wrap this up, let’s talk about forgotten tactics. Too many traders chase the news, reacting to whatever headline hits first. The smarter approach? Look for liquidity mismatches. Crude supply news affecting the dollar? Follow through on gold. JGB auction highlights demand stability? Watch how short-term traders are missing the bond spread moves in their sleepy stupor. These are the moments that define the difference between just another trader and someone with true insider intuition. The tactics are simple but hidden in plain sight—like realizing you’ve had a free latte punch card with nine punches in your wallet all along. Ready to Sharpen Your Edge? Want more insights like this? Consider joining our StarseedFX community for live trading tips, exclusive tactics, and the advanced tools that help you stay ahead of the herd. Visit StarseedFX Community to unlock those rare strategies most traders miss. And hey, don’t forget your free trading plan and trading journal to keep track of all those game-changing ideas—check them out here and here. Read the full article

[biankabalkanika]

Trading Commodities: Tips and Strategies for Beginners

Navigating the World of Commodities Trading

With two years of trading experience under my belt, I’ve learned that commodities trading offers unique opportunities for beginners looking to diversify their portfolios. Here are practical tips and strategies to help you get started in this dynamic market.

1. Understanding Commodities Trading

Commodities are physical goods such as gold, oil, wheat, and coffee that are traded on exchanges. Prices fluctuate based on supply and demand dynamics, geopolitical factors, and economic conditions.

2. Choosing the Right Commodities

Select commodities that align with your trading goals and risk tolerance. Popular commodities include precious metals (gold, silver), energy products (crude oil, natural gas), agricultural products (corn, soybeans), and industrial metals (copper, aluminum).

3. Fundamental Analysis

a. Supply and Demand Analysis:

Monitor supply and demand fundamentals to gauge price movements. Factors like weather conditions, geopolitical tensions, and economic data affect commodity prices.

b. Inventory Reports:

Stay updated on inventory reports and production forecasts released by government agencies and industry organizations. These reports provide insights into supply levels and market sentiment.

4. Technical Analysis

a. Price Charts and Patterns:

Use price charts and technical indicators to identify trends and potential entry/exit points. Common indicators include moving averages, RSI (Relative Strength Index), and MACD (Moving Average Convergence Divergence).

b. Support and Resistance Levels:

Identify key support and resistance levels where prices tend to bounce or reverse. These levels help determine optimal entry and exit points for trades.

5. Risk Management

a. Position Sizing:

Determine the size of each trade based on your risk tolerance and account size. Avoid overleveraging by limiting the percentage of capital allocated to each trade.

b. Stop-Loss Orders:

Set stop-loss orders to limit potential losses. Place stops based on technical levels or volatility measures to protect your capital in case of adverse price movements.

6. Diversification

Spread your risk by trading multiple commodities across different sectors. Diversification helps mitigate the impact of adverse price movements in any single commodity.

7. Seasonal Trends

Understand seasonal trends that affect commodity prices. For instance, agricultural commodities often exhibit seasonal price patterns based on planting, harvesting, and weather conditions.

8. Stay Informed

a. Market News and Analysis:

Keep abreast of market news, economic events, and geopolitical developments that impact commodity markets. Subscribe to reputable financial news sources and commodity market reports.

b. Continuous Learning

Stay updated on trading strategies and market trends through books, online courses, and seminars. Continuous learning enhances your trading skills and decision-making abilities.

9. Demo Trading

Practice trading commodities with a demo account to familiarize yourself with market dynamics and test your strategies without risking real money.

10. Discipline and Patience

Maintain discipline and patience in commodities trading. Stick to your trading plan, avoid emotional decision-making, and be prepared for both wins and losses.

Conclusion

Trading commodities can be rewarding for beginners willing to learn and adapt to market conditions. By understanding market fundamentals, applying technical analysis, practicing risk management, and staying informed, you can build a solid foundation for successful commodities trading. Remember, patience and perseverance are key traits of successful traders. Happy trading!

[chemanalyst]

Carbon Black Prices, News, Analysis & Demand | ChemAnalyst

Carbon Black prices demonstrated bullish market sentiment in Q4FY23, primarily driven by declining mortgage rates and increased consumer spending. In October, the surge in carbon market prices was largely attributed to the fulfillment of past orders following the conclusion of US Auto Union strikes, which depleted carbon black inventories among major tire suppliers. Concurrently, stable demand for electric vehicles (EVs) further supported this trend.

However, energy and crude oil prices began to decline due to ample inventory reserves in the EU for winter and delayed demand for heating oils. This led to deflation in consumer gasoline and electricity prices, while high mortgage rates constrained consumption and restricted private vehicular movements, thus impacting consumer-driven carbon black markets.

In November and December, energy prices continued to decrease, mortgage rates dropped, and demand for private vehicular movement increased as consumers showed willingness to spend on leisure and travel activities. This uptick in replacement tire markets contributed to the rise in carbon black prices during these months.

By the end of December, carbon black demand weakened due to rising supply challenges stemming from Houthi attacks, reduced demand from the EV sector, and declining demand for replacement tires as winter intensified, dampening overall market sentiment. Additionally, the US Federal Reserve signaled a delayed rate cuts program, citing global uncertainties and inflationary pressure in energy and food prices.

Track Real Time Carbon Black Prices: https://www.chemanalyst.com/Pricing-data/carbon-black-42

Carbon Black prices in Europe exhibited mixed sentiment in Q4FY23, with declines observed in October and November, followed by an uptick in December. During October and November, price movements were primarily influenced by imports from Russia and the Middle East. Replacement tire markets remained subdued due to elevated fuel and electricity costs.

The Carbon Black market was driven by both new electric vehicle (EV) sales and conventional vehicle sales, subsidized by European governments to support transition economies. Mortgage rates continued to decrease throughout the quarter, reaching their lowest point in December as the inflation premium decreased. Despite lingering inflationary pressures, consumer activity increased, leading to improved demand for Carbon Black in replacement tire markets.

Energy prices experienced significant declines but remained higher than pre-pandemic levels. Mid-December witnessed speculative destocking of Carbon Black by suppliers, as major EU zone states aimed to reduce state subsidies for sustainable transition. Demand for new EVs showed bearish trends. However, by the last week of December, prices rebounded as European suppliers engaged in speculative stocking due to ongoing Houthi attacks in the Red Sea. Additionally, European sanctions on Russian imports were set to take effect by July 2024.

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ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.

Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.

The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.

ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

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