Pages

Wednesday, July 10, 2024

WTI Gets No Respect; Continues To Fall -- TSMC Handily Beats Forecasts -- July 10, 2024

Locator: 48094B.

Whataburger: step aside Waffle House -- Texans now use Whataburger App  to track outages following Hurricane Beryl. Link everywhere, including here.

TSM: 2Q24 revenue jumps on AI boost; handily beats market forecasts. Link here. Up 2.4% in pre-market trading; up $4.45. What two companies are joined at the hip? TSMC and Apple.

Pre-market: tech could have another nice day. 

Cummins: increases dividend. From $1.68 to $1.82. An 8.3% increase.

Coal: US to increase domestic consumption on back of increased NG prices.

NEETS: number of those not choosing to work increasing; link here.

  • NEETS: not in employment, education, or training
  • mostly a young-male phenomenon
  • the big question: why can they afford to do this
  • not discussed: intergenerational transfer of wealth; it doesn't all happen after parents die

Demographics: financial.

  • globally: number of millionaires to surge
  • largest increase: Taiwan
  • UK: the number will plunge
  • horizontal transfer of wealth prior to intergenerational transfer

Demographics: financial. CBNC.

**************************
Back to the Bakken

WTI: $81.17.

Friday, July 12, 2024: 28 for the month; 28 for the quarter, 354 for the year
40244, conf, Whiting, Sanish Bay 5292 22-7 9BX (Oasis naming scheme),
40230, conf, Neptune Operating, Gustafson 5-8 4H,

Thursday, July 11, 2024: 26 for the month; 26 for the quarter, 352 for the year
None.

Wednesday, July 10, 2024: 26 for the month; 26 for the quarter, 352 for the year
40299, conf, Whiting, Sanish Bay E Federal 5292 31-6 3B
40253, conf, CLR, Benner 5-7H,
39894, conf, Hess, EN-Madisyn-LE-154-94-0705H-10,

RBN Energy: LOOP retains its niche amid proposed offshore crude export terminals. Archived.

As four proposed crude export terminals off the coast of Texas navigate the long and winding regulatory path toward potential construction, the Louisiana Offshore Oil Port (LOOP) already does what they want to do. It’s the sole Gulf Coast terminal that can fully load Very Large Crude Carriers (VLCCs) bound for global markets. LOOP started as an import-only facility, but later flexed to bring oil in and move it out as the energy landscape changed. It’s easy to wonder whether a new offshore crude export facility might be redundant –— why build another one if LOOP could just export more? Turns out it’s not that simple. LOOP is different — in its construction, its connectivity, its role in balancing imports and exports and especially the types of crude it handles. In today’s RBN blog, we’ll examine LOOP’s niche in U.S. crude exports and the role it continues to play.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.