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You are definitely trading exotic markets FR
Are you kidding? Not sureAnd it looks like nordstream is back...
The Nord Stream pipelines have stopped leaking, the Danish Energy Agency says. (Published 2022)
Both European and Russian leaders have said that ruptures discovered undersea were an act of sabotage.www.nytimes.com
many OPEC members were pushing out ( near ) maximum production so should be no surprise , maxxed out plant , breaks sooner , a slight reduction now beats a big disruption further down the line IMOOpec looking like cutting 1m barrels/day, oil up $3 in response.
would Russia actually bother repairing it , the EU are reluctant to pay , seizing assets , looking to wean off Russian Energy AND obviously unable to protect the pipeline against hostile partiesAnd it looks like nordstream is back...
The Nord Stream pipelines have stopped leaking, the Danish Energy Agency says. (Published 2022)
Both European and Russian leaders have said that ruptures discovered undersea were an act of sabotage.www.nytimes.com
but only ones made in 2021 and earlier ( or assembled in India )Are you kidding? Not sure
The cracked open pipe is now emptied of the gas it was filled with .
Will probably never be useable used..ever
5000 tankers minimum to do round trip with US Qatar or Australia to replace this.And gas terminals too.
Germany and so europe is done and dusted.
Thank you USA.
We might get cheaper Mercs and BMWs, Audis und sauerkraut ?
Are you kidding? Not sure
The cracked open pipe is now emptied of the gas it was filled with .
Will probably never be useable used..ever
5000 tankers minimum to do round trip with US Qatar or Australia to replace this.And gas terminals too.
Germany and so europe is done and dusted.
Thank you USA.
We might get cheaper Mercs and BMWs, Audis und sauerkraut ?
the leaks have not stopped, the gas is not escaping anymore,
Are you kidding? Not sure
The cracked open pipe is now emptied of the gas it was filled with .
Will probably never be useable used..ever
5000 tankers minimum to do round trip with US Qatar or Australia to replace this.And gas terminals too.
Germany and so europe is done and dusted.
Thank you USA.
We might get cheaper Mercs and BMWs, Audis und sauerkraut ?
I'm not personally making the claim but some would go a step further and question whether OPEC was ever really able to sustain it in the first place?many OPEC members were pushing out ( near ) maximum production so should be no surprise , maxxed out plant , breaks sooner , a slight reduction now beats a big disruption further down the line IMO
RBA just did exactly that with 25 points rather than 50 and markets were NOT happy.Great chart from @LizAnnSonders (Chief Investment Strategist for Schwab) on Twitter
US inflation YoY comparisons are now crazy hard. Even +0.2% MoM every month is going to have CPI at 2% by mid '23. Anything less than that could be staring down a deflationary barrel.
View attachment 147675
Inflation swaps etc are pricing this in already.
Fed needs to back way off right now.
?RBA just did exactly that with 25 points rather than 50 and markets were NOT happy.
Not saying you're wrong but there's a fair few more balls in the air other than rates at the moment.
The Nordstream 2 pipe was filled with gas to keep it pressurised, but it was not flowing anywhere. ( see Reuters )Are you kidding? Not sure
The cracked open pipe is now emptied of the gas it was filled with .
Will probably never be useable used..ever
5000 tankers minimum to do round trip with US Qatar or Australia to replace this.And gas terminals too.
Germany and so europe is done and dusted.
Thank you USA.
We might get cheaper Mercs and BMWs, Audis und sauerkraut ?
Spot charter rates for the global liquefied natural gas (LNG) carriers are soaring due to a shortage of vessels.
LNG shipping rates have been dramatically impacted by energy supply chain disruption due to the Russian invasion of Ukraine. The LNG shipping sector is booming even more as rates near record highs following the bombing of the Nord Stream pipeline system last week.
Bloomberg said Europe is "to replace Russian pipeline flows with liquefied natural gas from suppliers including in the US and Nigeria." Rejiggering supply chains for the energy-stricken continent means increasing demand for LNG carriers to source gas further away.
Shell booked an LNG carrier for $400k per day, likely the most expensive ever for the Atlantic basin. The Indian firm GAIL also secured an LNG shipment for about $360k per day. Bloomberg explains more:
- Shell Plc booked the Yiannis to load a US cargo at the end of October for delivery to Europe at a rate equivalent to $400,000 per day on a round-trip basis, said traders. The deal is likely the most expensive ever for the Atlantic basin, according to traders and brokers.
- GAIL India Ltd. also booked the LNG Schneeweisschen to load a cargo in early November from the US at about $360,000 per day, said traders. The company, which recently sold an LNG shipment from its Cove Point export facility, chartered the vessel from a European utility company, they said.
Look at how the aud has moved. But were you specifically talking year on year??
markets sure seemed happy about it to me
View attachment 147678
I'm not really sure what you mean.
Mechanically, CPI is going to go down without something truly crazy happening to push monthly prints consistently into the 0.3-0.5% range. That's just a fact of how YoY comps work, look at the chart.
If something truly crazy happens, like oil gapping to $200-300, is raising rates really going to be the right reaction? They will be knifing the economy into a crisis. I just don't see it.
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