Korona i pare

BEIJING—China’s economy shrank 6.8% in the first three months of 2020 compared with a year earlier, the first such contraction since Beijing began reporting quarterly gross domestic product in 1992.

The collapse foreshadows the pain expected in the U.S. and around the world as the coronavirus pandemic shuts borders, halts business activity and cripples global supply chains.

Following a 6.0% gain in the last three months of 2019, the pullback was actually gentler than the 8.3% median forecast of 15 economists polled by The Wall Street Journal. Compared with the previous quarter, China’s GDP contracted by 9.8%.

Oil plunged below $5 a barrel as the coronavirus pandemic ravages global economies, threatening to erase an entire decade of demand growth, slashing thousands of jobs and wiping out hundreds of billions of dollars from company valuations.
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On Monday, a technical oddity exacerbated the price plunge as traders fled the May futures contract ahead of its expiration tomorrow, driving it down as much as 78% to the lowest level since futures began trading in New York in 1983. The following month’s contract fell 11% to $22.22 a barrel. CME group said it’s possible that May WTI contract could trade negative.

Since the start of the year, oil prices have fallen by more than 90% after the compounding impacts of the coronavirus and a breakdown in the original OPEC+ agreement. With no end in sight, and producers around the world continuing to pump, that’s causing a fire-sale among traders who don’t have access to storage.

There are signs of weakness everywhere. Buyers in Texas are offering as little as $2 a barrel for some oil streams, raising the possibility that producers may soon have to pay to have crude taken off their hands. The spread between the nearest two contracts for the U.S. benchmark has fallen to its weakest level on record. In Asia, bankers are increasingly reluctant to give commodity traders the credit to survive as lenders grow ever more fearful about the risk of a catastrophic default.

Canadian oil tar producers are paying their customers to take oil off their hands! https://t.co/1qC8sWqXPz

— Adam Tooze (@adam_tooze) April 20, 2020

U.S. crude oil futures fall below $0 for the first time in history pic.twitter.com/MG0hlwkHkB

— Reuters (@Reuters) April 20, 2020

#BREAKING US benchmark WTI #Oil collapses to $0.01/barrel in New York pic.twitter.com/oPN2MA3fTm

— AFP news agency (@AFP) April 20, 2020

Mór Thököly wrote:

Talason wrote:naručuje se tačno u ponoć

naglasi na za to predviđenom mestu da prihvataš sličan proizvod

čeka se 7 dana, pošto se termin otvara u ponoć za sedmi dan od tada

plaćao sam karticom, prilikom isporuke

funkcioniše relativno OK, ali ja nisam zadovoljan

mada, sve je bolje od toga da se guram po radnjama sa tisućama zaraženih građana RS

ok, onda to dolazi u obzir tek za iducu nedelju... a ovo "u ponoc" jel to znaci da napravim listu pa pritisnem narucivanje u ponoc ili...? mislim ne znam, kod nas to nikad nisam radi, a pogotovu ne u ovim uslovima...

Mór Thököly wrote:

MNE wrote:nek sve ode u qrac samo koronu da ne dobijemo slučajno...

Sto se sekiraš, niko od nas nema neke tankere koji vise na okeanu. Vi imate luku, uzmite pare od nekog da istovari ako ima gde

MNE wrote:nek sve ode u qrac samo koronu da ne dobijemo slučajno...

Mór Thököly wrote:

Marius Lăcătuș wrote:šta mi imamo od toga, ED je trenutno najskuplji na svetu u srbiji

To je zato sto je kupljen dok je bio skup tj nafta. kad dodje red na ovaj dzabe cene ce se vec vratiti u normalu pa ce opet biti skup. Objasnice ti vec braca iz Gazproma