The Original Eco Friendly & Sustainable Living Portal (since 2009)
contango, Tag
- Could $30/bbl Oil Happen Before New Year’s Eve? Thu, 18 Jun 09, 3:15pmIn this post last month, I described how the recent storage build might serve as a good proxy for describing a well supplied oil market. I also presented data suggesting that actual physical oil consumption may have been...
- Tight storage may lead to huge oil price drop Tue, 12 May 09, 1:43pmThe present contango in oil prices bears all the hallmarks of an oil market where supplies are well above present fundamental physical consumption.