Vitol Set to Transport two Loads of Crude out of Texas; First transport since Exporting Ban Lifted

The above article is from the Dakota Financial Times   And if you know nothing about Vitol reading about that company is very interesting.  Vitol is how  commodities are being transported around the World. Appears they are the giant of commodities transportation.

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Permalink Reply by Mike Fulper on January 2, 2016 at 9:17am

Soon.. the excess OIL in the US.. will be drawn down.....

$40 a bbl... by late Jan......$45 bbl by Mid Feb.......

that's my forecast......

.but then again..

 Im pretty dumb on these things....

The smart guys have said..... NO Change ?.... in OIL prices..... cause of the Export ban lifted....??

Not even a week went by and 600,000 BBLS taken already......from ONE buyer....  !!

0ym9x5ag7ury2Permalink Reply by 0ym9x5ag7ury2 on January 2, 2016 at 2:11pm

Mike,

      Oil is headed to $35 a barrel.

This isn't a good time in US history to be producing and sending your cheap oil overseas. I'm sure the price paid by the company or government that buys the oil will be harder to trace, so you won't get your percentage.

If your producer is like mine, you have been given a Rationed Royalty (the ceo says give them this amount and the numbers are worked over until that amount of money shows in your paid royalty column) each month to show that you were paid a royalty. Definitely not a fair royalty, but a Rationed Royalty.

Permalink Reply by Mike Fulper on January 3, 2016 at 5:24am

Looks like the Saudis and Iran will take each other out soon....

Well at least reduce their population and Oil production..

Iran will not be allowed to start selling their oil... sanctions will stay in place..

there will only be 2 big Oil producers eventually....

US and RUSSIA...

The SWISS run everything..... UN... G20 BS... etc

UN headquarters is GENEVA SWITZERLAND...

also the head of our FEDERAL RESERVE is in Geneva...

if a SWISS company is buying OUR OIL.... there is a REASON.... 

it will bring down our excess and OUR production will ramp back up...

But then again... im dumb on these things....

Oil at $37 and be $40 by end of month..   :)

Permalink Reply by Mike Fulper on January 4, 2016 at 5:10am

With the latest ME news... I adjust my Forecast..

$200 bbl by the end of JANUARY   :)

Permalink Reply by Joseph-Ohio on January 2, 2016 at 11:54pm
Anyone know who's buying it ?
Permalink Reply by searcherone on January 3, 2016 at 5:15am

Vitol also owns its own refineries, and some of them are located in Australia, Switzerland, Germany.   Vitol is a privately owned Swiss company with 7500 employees and knows how and does do business with all the major world oil companies.   

Remember, JO, oil is the currency that makes the world go round and Vitol is a big dog international player, transporter, refiner, commodities player.  

Permalink Reply by Joseph-Ohio on January 3, 2016 at 5:32am

Thank you searcherone.

Mike MurphyPermalink Reply by Mike Murphy on January 4, 2016 at 12:27am

taken customers from OPEC

Permalink Reply by Mike Fulper on January 4, 2016 at 5:11am

$200 bbl soon....

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