Our latest energy derivatives stories across the Americas.
Gasoline stocks in the US saw inventories increase by 410kbbls in the week to Dec 8th, larger than expectations of 3.4mbbl build, with stocks now sitting at 224mbbls. RBBRs rallied on the release of the stats trading in the $11/bbl
This year, the Panama Canal has been troubled by the lack of rainfall and severe drought, with recorded precipitation for October being the lowest on record since 1950. Water levels in Gatun Lake have continued to decline, and in response
The week to Nov 07 saw a continuation of long money managers closing positions, marking two consecutive weeks of removing length, closing over 15mbbls, or 6.3% of all long positions in the week with length now at a four -week
The Panama Drought’s Flow-on Effect in the LPG Market: The LPG market will need to stay agile in the face of these evolving conditions, with price volatility expected to persist as the market seeks a new equilibrium.
