/biz/ - Business & Finance

>>55800321
vix 50c 180dte and roll, use like 3% best insurance.

>>55721412
>>55721412
>>55721412

>>52727990
most likely bullish. it means europe and certain allies wont buy russian crude unless its 62$ or lower. it will force russia to rely on other countries like india and china. apparently they have been dumping crude onto the market in recent weeks, in addition they have been buying crude oil tankers to be able to transport their oil to other nations and bypass the insurance sanctions

>Most of the major shipping companies and insurers are based in Group of 7 countries. The plan prohibits those companies from handling Russian crude unless the shipment has been sold at or below the price set by the Group of 7. If it is not, they will be held liable for violating sanctions.
>In 2022, operators linked to Russia are suspected to have purchased as many as 29 supertankers — known as VLCCs, very large crude carriers — each capable of carrying more than 2mn barrels, Braemar told the International Energy Agency in a presentation last month. The country is likely to have also added 31 Suezmax-sized tankers capable of carrying about 1mn barrels each, and 49 Aframax tankers that can each haul about 700,000 barrels, it added.
>Russia is still expected to face a lack of tankers and could struggle in the early months of 2023 to maintain its export levels, which would boost prices, analysts say. The shortfall could increase when the EU ban extends to Russian refined fuels in February, Kennedy said. Russia will need access to even more tankers than usual because the length of each journey will be longer; oil that would previously have been sold within Europe will be sent to new buyers in Asia.

imagine if china reopens as less russian crude reaches the market, this could easily happen