AMERICAS OIL: Strikes Not Affecting Petrobras Output: Platts

Dec-19 13:29

Brazilian state oil company Petrobras said its oil and gas production has not been affected by an ongoing strike, Platts reported. 

  • Contingency teams have been deployed to maintain operations at floating production units, refineries, and other facilities. The strike began on 15 December after workers rejected a collective-bargaining contract and protested planned budget and payroll cuts.
  • 28 production platforms, including 26 in the Campos Basin, had joined the walkout, alongside nine Petrobras-operated refineries, 12 logistics terminals, two biodiesel plants, three thermal power plants, and various gas treatment and compression facilities.
  • Workers handed over operations to contingency teams, although unions complained that some staff had been kept on site for up to 60 hours.
  • Petrobras remains open to negotiations and emphasised that production and market supplies remain unaffected.
  • Industry officials noted the limited impact due to Brazil’s subsalt production, which accounts for around 80% of national output and is largely operated by leased floating units. Past strikes had similarly limited effects on output.

Historical bullets

GBP: Large Exchange traded Cable Option

Nov-19 13:27

Large FX Exchange traded Option, this trades at mid price but suggest that the seller is the aggressor and a new position.

  • GBPUSD (9th Jan) 127.00p, sold at 0.31 in ~7.44k.

 

EURIBOR OPTIONS: Call Fly buyer

Nov-19 13:16

ERM6 98.75/99.00/99.25c fly, bought for 0.25 in 7k.

STIR: Repo Reference Rates

Nov-19 13:04
  • Secured Overnight Financing Rate (SOFR): 3.94% (-0.06), volume: $3.220T
  • Broad General Collateral Rate (BGCR): 3.90% (-0.06), volume: $1.278T
  • Tri-Party General Collateral Rate (TCR): 3.90% (-0.06), volume: $1.256T
  • (rate, volume levels reflect prior session)