New OPIS Alert and Commentsgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread |
The latest OPIS alert punctually pilfered from Downstreamer's forum, with personal comments in bracketed italics:
NYMEX GAINS PUSH SPOT NY NO. 2, DIESEL OVER 90CTS/GAL
The NYMEX No. 2 futures are off and running this morning on the heels of API/DOE data that revealed a 3.7-million and 3.9-million bbl draw on nationwide distillate stocks. The raging NYMEX is not stopping the advance of the spot differentials either with NY traders seeing premiums to the Merc moving up another penny, shooting both high and low sulfur into the mid-90's.
[It was obvious two days ago that product was flying out the pipes when it began moving around the Harbor in measures of metric tons, rather than gallons.]
At presstime, Feb. No. 2 futures were up 3.87cts to 83.9cts with the combination of cold weather and supply draws giving distillate sellers in the Harbor carte blanche to name their price.
It's lightly snowing in the Harbor region today, but at a temperature of about 40 degrees Farenheit, so bitter cold should no longer be an excuse for profiteering and panic. There currently appears to be plenty of petro in the pipelines and on the waterfront tank farms.
This morning, NY spot traders tell OPIS that heating oil opened the day at 9cts over the Feb. futures while low sulfur diesel was 10cts over. Jet and kero were running 28cts over and 30cts over respectively with kerosene almost impossible to locate.
I noted 8,000 gallons of kero on a barge moving through the Harbor last night, so it is available.
Based on the NYMEX gains heating oil is now around 93cts/gal or about 10cts/gal higher than Tuesday's closing numbers. Kero is now selling at $1.14/gal if you can find it.
I have about 28 gallons of clear kero, and 24 gallons of Clear-Lite, if anyone's interested. Of course, I expect to make *modest* gains on the original purchase price (after all, I have to calculate cost of inventory along with current market atmosphere, yes?) :-)
- Mark Mahoney - mmahoney@opisnet.com
If oil goes dinosaur, I'll be among the first to know.
-- Harbor Guy (HarborGuy@OnThe.Waterfront), January 20, 2000
[Sorry, forgot a backslash ... excess italic be gone.]
The latest OPIS alert punctually pilfered from Downstreamer's forum, with personal comments in bracketed italics:
NYMEX GAINS PUSH SPOT NY NO. 2, DIESEL OVER 90CTS/GAL
The NYMEX No. 2 futures are off and running this morning on the heels of API/DOE data that revealed a 3.7-million and 3.9-million bbl draw on nationwide distillate stocks. The raging NYMEX is not stopping the advance of the spot differentials either with NY traders seeing premiums to the Merc moving up another penny, shooting both high and low sulfur into the mid-90's.
[It was obvious two days ago that product was flying out the pipes when it began moving around the Harbor in measures of metric tons, rather than gallons.]
At presstime, Feb. No. 2 futures were up 3.87cts to 83.9cts with the combination of cold weather and supply draws giving distillate sellers in the Harbor carte blanche to name their price.
It's lightly snowing in the Harbor region today, but at a temperature of about 40 degrees Farenheit, so bitter cold should no longer be an excuse for profiteering and panic. There currently appears to be plenty of petro in the pipelines and on the waterfront tank farms.
This morning, NY spot traders tell OPIS that heating oil opened the day at 9cts over the Feb. futures while low sulfur diesel was 10cts over. Jet and kero were running 28cts over and 30cts over respectively with kerosene almost impossible to locate.
I noted 8,000 gallons of kero on a barge moving through the Harbor last night, so it is available.
Based on the NYMEX gains heating oil is now around 93cts/gal or about 10cts/gal higher than Tuesday's closing numbers. Kero is now selling at $1.14/gal if you can find it.
I have about 28 gallons of clear kero, and 24 gallons of Clear- Lite, if anyone's interested. Of course, I expect to make *modest* gains on the original purchase price (after all, I have to calculate cost of inventory along with current market atmosphere, yes?) :-)
- Mark Mahoney - mmahoney@opisnet.com
If oil goes dinosaur, I'll be among the first to know.
-- Harbor Guy (HarborGuy@OnThe.Waterfront), January 20, 2000.
440 gals clear kero here. NFS.>"<
-- Squirrel Hunter (nuts@upina.mizzenmast), January 20, 2000.
Darn italic -- help Sysop!
-- Harbor Guy (HarborGuy@OnThe.Waterfront), January 20, 2000.
Does this help?
-- Wondering What (it is all@about.com), January 20, 2000.
font
-- Jerry B (skeptic76@erols.com), January 20, 2000.
Italics off.
-- (it@lics.off), January 20, 2000.
I've got 50 gallons of gasoline (5 gal containers) which will be available for auction, beginning Feb. 1, 2000. Opening bids at $1,000 per gallon. Payment in gold coin only.
-- Richard (Astral-Acres@webtv.net), January 20, 2000.
italicsoff
-- Duke1983 (Duke1983@aol.com), January 20, 2000.