Blue Lacy Advisors, LLC - October Crude Oil Market Commentary

Minneapolis, MN | October 6, 2022 | By: Steve Sinos, Blue Lacy Advisors LLC


Crude Oil


An uptick in the average time on the water for cargoes and longer distances offer some evidence of the world’s shifting balance of crude trade. Europe seems to be driving this shift, as it takes in more LatAm and WAF crude, displacing U.S. and Russian barrels. Waterborne Russian barrels were down ~1mm bpd by the end of Sept. compared to August, while Libyan barrels rose by about the same volume. I choose that pair because it is an excellent example of this effort to displace Russian oil. The availability of alternative barrels may define the coming months. Libyan exports and production have been volatile recently, and unreliable crude sources may threaten Europe’s efforts.


*This summary is based off October 2, 2022


A free excerpt, such as this one, will be published on a delay periodically. This is an excerpt from Blue Lacy Advisors, LLC's (“Blue Lacy”) weekly commentary for clients, which is based on a collection of models, research/analytical subscriptions, and bespoke work. Each week Blue Lacy explores how market drivers included in these analyses might affect or be used in clients' planning, budgeting, and execution of strategy. Call Blue Lacy to make an appointment today!


 

Meet the Author!


Steve Sinos, Blue Lacy Advisors, LLC

Email: Sinos@bluelacyllc.com

Phone: +1-832-413-3124

Website: www.bluelacyllc.com


Steve has spent his career in strategy, risk, trading, and investment. He works with investors to source investments in opportunistic or high growth sectors, with particular interest in early-stage companies solving clearly defined problems.


He is currently a Managing Partner with Blue Lacy Advisors LLC, giving management teams and investors confidence in their decision making by supporting strategic planning and execution, risk management, commodity trading, and market analysis.


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