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I have only very-basic understanding of energy markets, but the jargon is fine to me, and pretty standard economic/energy speak. - Supply is being forced off
by novaleaf 5y ago
I have only very-basic understanding of energy markets, but the jargon is fine to me, and pretty standard economic/energy speak.
- Supply is being forced offline.
Oil/Gas production is being forced to stop.
- Russia shut-ins likely.
"Shut-Ins" is when the well production needs to be stopped. Sometimes (especially for fracking) this means the well can not restart.
- Not quite at “no-bid” levels yet, Urals discount of $30/bbl to Brent is a marked hit relative to historical levels.
Just standard economic bid/ask commodity market talk. Commodities are basically sold at auction. "No Bid" means nobody is offering to buy it, no matter what the price.
- Demand is the governor and for now, demand is holding in.
Governor as in "in control of the process". I don't know what "Holding In" means but I would guess from context: "not buying"