AMERICAS OIL: Mexico’s President Claims Its Oil Quality Problem Has Been Solved
Mar-07 12:41
Mexico’s President Claims Its Oil Quality Problem Has Been Solved: oilprice.com
- President Sheinbaum said at her Thursday press conference that the salt content in Pemex oil has been resolved after several reports had emerged around the salt and water content in Mexican crude.
- Reports of USGC refiners shunning Mexican crude imports due to excessive water content to the benefit of Colombian and Canadian crude had led to discounts on Maya grade.
- Maya had water content of as much as 6%, six times above the industry standard.
- Mexican crude imports fell to the least in 35 years in January at 321k b/d. Pemex is also looking at increasing exports to Europe and Asia due to pending US tariffs.
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EGB OPTIONS: OEH5 118.00/117.50/11.00 Put Fly Lifted
Feb-05 12:33
OEH5 118.00/117.50/117.00 put fly paper paid 11.5 on 8K.
OUTLOOK: Price Signal Summary - Bund Bull Cycle Remains In Play
Feb-05 12:33
- In the FI space, Bund futures remain in a bull cycle and the contract has traded higher today. Price has recently cleared resistance at 132.22, the Jan 22 high, and is through both the 20- and 50-day EMAs. The break higher confirms a resumption of the corrective bull cycle that started Jan 14. This signals scope for an extension towards 133.73, 50.0% of the Dec 2 - Jan 14 bear leg. Firm short-term support has been defined at 131.00, the Jan 16 / 24 low. First support is at 132.23, the 20-day EMA.
- A bullish corrective phase in Gilt futures remains in play, signalling scope for a continuation higher near-term. Last week’s high print and Monday’s climb, reinforce current conditions. The contract has traded through 93.09, the Dec 20 high. Sights are on 93.64, 61.8% of the Dec 3 - Jan 13 bear leg. First support is 92.17, the 20-day EMA.
OPTIONS: Larger FX Option Pipeline
Feb-05 12:32
- EUR/USD: Feb06 $1.0250(E1.5bln), $1.0300(E1.0bln), $1.0315-25(E2.2bln), $1.0350-55(E1.1bln), $1.0390-10(E2.8bln), $1.0430-50(E2.4bln); Feb07 $1.0400(E1.1bln); Feb10 $1.0400(E1.5bln)
- USD/JPY: Feb06 Y153.90($1.4bln); Feb10 Y154.00($1.9bln)
- GBP/USD: Feb06 $1.2455(Gbp1.2bln)
- EUR/GBP: Feb06 Gbp0.8465(E1.1bln)
- USD/CAD: Feb06 C$1.4200($1.8bln); Feb07 C$1.4090-10($1.1bln), C$1.4300-10($1.2bln), C$1.4355-75($2.5bln), C$1.4600($1.7bln); Feb10 C$1.4425($1.2bln)
