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"Does anyone know how much oil storage capacity the UK has got? US crude prices turned negative yesterday....like they will pay us to take it away.... if we have storage capacity should we be "filling our boots".....?" They’ve bounced back already | |||
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"Will they pay me at Tesco to fill up my car? " Our fuel price is 75 per cent tax | |||
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"Does anyone know how much oil storage capacity the UK has got? US crude prices turned negative yesterday....like they will pay us to take it away.... if we have storage capacity should we be "filling our boots".....? They’ve bounced back already " Yesterdays low was -$37.63 Bounced back this morning to just above zero. +$2.54 1 hour ago trading @ -$4.29/barrel...gone negative again and going down.... | |||
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"Does anyone know how much oil storage capacity the UK has got? US crude prices turned negative yesterday....like they will pay us to take it away.... if we have storage capacity should we be "filling our boots".....?" June future contracts went negative and only for WTI which is a light sweet oil. The spot price is still just under $20 as I write this. Storage is a problem with ships not sailing, cars not driving, planes not flying. So WTI (West Texas Intermediate) is an oil usually taken up by fracking, a by-product is gas which at the moment is trading at $1.60 which is free for the crackers so although you will see huge numbers of bankruptcies (and oil is one of your big job creatotors) Also the refineries in the US are built to take in and refine light sweet and would cost billions for each plant to convert to a heavy crude like Brent or Saudi oil. Interesting times - hope there is a way out of this corona virus thing as it has affected us all. | |||
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"My only prediction is that the world leading fab epidemiologists (who happen to be furloughed when needed most) will now morph into world leading experts in oil production and oil markets. " FFS give us a break. WTF are we supposed to do on groundhog day? | |||
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"Does anyone know how much oil storage capacity the UK has got? US crude prices turned negative yesterday....like they will pay us to take it away.... if we have storage capacity should we be "filling our boots".....?" I've got 3.5 litres Inn the garage I think. Not sure about next door, I think he's got loads but he's just not letting on. | |||
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"Does anyone know how much oil storage capacity the UK has got? US crude prices turned negative yesterday....like they will pay us to take it away.... if we have storage capacity should we be "filling our boots".....? I've got 3.5 litres Inn the garage I think. Not sure about next door, I think he's got loads but he's just not letting on." You need more boots to store it in then... | |||
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