Still no collapse... What am I missing:
Tyler Cowen has some thoughts on the virus… Marginal Revolution
Here is Tyler Cowen, Marginal Revolution, with some thoughts on the virus:
Vol update…
WTI options volume was very heavy yesterday, with over 500,00 trading... The unofficial record is close to 700,000 on November 13th, 2018... Implied
Yeah, it’s historic…
Here are Dan Murtaugh and Alex Longley, Bloomberg, quoting Fatih: ”The situation we are witnessing today seems to have no equal in oil market
Saudis Plan Big Oil Hike… Bloomberg
Javier Blas and Anthony Dipaola paint a very bearish picture, here... “Saudi Arabia plans to increase oil output next month, going well above 10
Options update…
As one would expect, options volume was heavy yesterday with over 450,000 trading, and about 100,000 more puts than calls... Implied vol exploded
China, the virus, emissions, carbon credit futures…
The Financial Times published a piece two days ago suggesting that the virus that shut down China has also reduced carbon emissions by 200m tonnes or
US oil exports… EIA
US oil exports grew rapidly through 2019... Here is the EIA: ”U.S. crude oil exports averaged 2.98 million barrels per day (b/d) in 2019, an
Fiscal stimulus ideas… Bloomberg
Michael R. Strain, Bloomberg, does a nice job discussing fiscal stimulus ideas to combat a coronavirus economy, here...