OIL: BFOET Loadings to Edge Up to 542k b/d in October

Aug-28 12:48

North Sea combined BFOET loadings are scheduled to edge up to 542k b/d in October from 537k b/d in September, according to Bloomberg loading schedules.

  • The five main grades of Brent, Forties, Oseberg, Ekofisk and Troll will load a total of 24 cargoes in October, compared to 23 cargoes in September.
  • Brent: 1 cargo in October vs 1 in September; 23k b/d unchanged from 23k b/d
  • Forties: 7 cargoes vs 7; 158k b/d down from 163k b/d
  • Oseberg: 3 cargoes vs 3; 68k b/d down from 70k b/d
  • Ekofisk: 9 cargoes vs 10; 203k b/d down from 233k b/d
  • Troll: 4 cargoes vs 2; 90k b/d up from 47k b/d

Johan Sverdrup loadings are scheduled to fall to 642k b/d in October compared to 723k b/d in September.

Historical bullets

PIPELINE: Corporate Bond Roundup: $2B NextEra Energy 2Y on Tap

Jul-29 12:47
  • Date $MM Issuer (Priced *, Launch #)
  • 07/29 $2B NextEra Energy 2Y +95a
  • 07/29 $Benchmark Sherwin Williams 3% +75a, 5Y +90a, 10Y +110a
  • $19.84B Priced Monday, largely tied to $12B Mexico 5Y issuance

US TSYS: Post-Advance Goods/ Wholesale Inventories React

Jul-29 12:36
  • Treasury futures holding near early session highs, little react to Advance Goods Trade Balance, import decline and less negative goods export. Wholesale inventories slightly higher than expected, retail inventories in-line.
  • Tsy Sep'25 10Y contract trades +7.5 at 111-00 vs. 111-00.5 high; initial technical resistance above at 111-14.5 (High Jul 22). Key support remains intact at 110-08+, the Jul 14 and 16 low. A move through this support would reinstate a bearish theme.
  • Curves flatter: 2s10s -0.168 at 47.617, 5s30s -1.984 at 96.721.
  • Cross asset: Bbg US$ index near recent high: BBDXY +3.65 at 1211.75; stocks mildly higher (SPX eminis +13.5 at 6436.25); gold firmer +5.95 at 3320.56.

SONIA: Call Fly Buyer

Jul-29 12:21

SFIU5 96.15/96.25/96.30c fly, bought for 1 in 8.88k.