Explaining The Double-Digie WTI Discount -- The Bakken Is Not Mentioned -- May 31, 2018

I don't particularly care for this writer, nor the site. I haven't closely read the entire article, but it's probably as good as any article on this issue. For the archives.

Explaining the double digit WTI discount.

The Bakken is not mentioned but Platts discussed the Bakken at this post. 

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Mission Complete -- Finally

Wow, this voyage never seemed to end. Finally, the Nave Photon is scheduled to reach its destination tomorrow, June 1, 2018, after leaving LOOP, March 28, 2018.

The Nave Photon is tracked here.

Here is the original story: Second fully-laden VLCC has departed LOOP with export cargo.

The Louisiana Offshore Oil Port (LOOP) announced on Wednesday that this month it has successfully loaded its second VLCC for export and the vessel is heading for a port in Asia, according to Reuters. Navios VLCC Nave Photon was chartered by Houston-based Shell.

I'm not sure if the ship is bound for Singapore or China. Early on, its destination was said to be Singapore, according to "Marine Traffic," although press releases suggested its destination was mainland China. It seems it passed Singapore some time ago and its current position is near mainland China. I originally thought it was headed to mainland China like the first VLCC that departed LOOP earlier in the year.

I could probably sort it out -- but I'm too tired and I really don't care any more. All I know is that it is supposed to arrive at its Asian destination June 1, 2018.

So, will we see a report of a "third VLCC departing LOOP"? Probably not. Does anyone remember the third astronaut to walk on the moon? We hardly remember the second, much less the third.

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I haven't posted a video in a long, long time. I've simply been too busy. Need to find something.

This is as good as anything:

The House of the Rising Sun, The Animals