Scammers Are Exposed On This Site


Wednesday, 13 February 2019

Low gasoline crack spreads and high crude oil feedstock costs reduce U.S. Gulf Coast refinery margins (2/13/2019)

The U.S. Energy Information Administration (EIA) estimates that margins for U.S. Gulf Coast refiners have declined to the lowest levels since late 2014, based on recent price trends in certain grades of crude oil and petroleum products. Although EIA estimates U.S. refiners will be able to find alternative sources of crude oil supply, recent crude oil supply reductions from members of the Organization of the Petroleum Exporting Countries (OPEC) and Canada along with threat of production disruptions in Venezuela have disproportionately reduced the availability of medium and heavy grades of crude oil with high sulfur content and increased the prices of these oils relative to other grades. In addition, gasoline crack spreads have been mostly negative since November 2018 and are further contributing to low refiner margins. Despite the low gasoline margins, refinery runs remain relatively high because of strong distillate prices. ... More »

Wednesday, 6 February 2019

Venezuelan sanctions unlikely to have a significant impact on U.S. refiners (2/6/2019)

U.S. imports of Venezuelan crude oil have decreased in recent years as production in Venezuela declined (Figure 1). Recently announced U.S. sanctions directed at Venezuela’s energy sector and state oil company, Petróleos de Venezuela, S.A. (PDVSA), will essentially eliminate U.S. imports of Venezuelan crude oil as the full effects of the sanctions emerge. However, the U.S. Energy Information Administration (EIA) does not anticipate any significant decrease in U.S. refinery runs as a result of these sanctions. U.S. imports of Venezuelan crude oil have been falling for several years and refineries have been replacing Venezuelan crude oil with other heavy crude oils. Moving forward, refineries may also choose to run lighter crude oils because transportation constraints may limit the availability of heavy crude oils. Refiners with significant asphalt and road oils processing unit capacity, for which Venezuelan crude oil is well suited, may have a harder time finding adequate replacements; however, these refineries have also limited imports from Venezuela recently. ... More »

Wednesday, 30 January 2019

Upcoming changes in marine fuel sulfur limits will affect crude oil and petroleum product markets (1/30/2019)

In January, the U.S. Energy Information Administration (EIA) released the Annual Energy Outlook 2019 (AEO2019) that includes an analysis of the medium- and long-term implications of upcoming changes to marine fuel sulfur specifications on crude oil and petroleum product markets. This analysis follows the release of EIA's January 2019 Short-Term Energy Outlook (STEO) that examined the same marine fuel change implications through 2020. ... More »

Tuesday, 29 January 2019

Crude oil prices forecast to increase, but remain lower than 2018 averages as global inventories build (1/24/2019)

In the January 2019 update of its Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that Brent crude oil prices will average $61 per barrel (b) in 2019 and $65/b in 2020, down from the 2018 average of $71/b (Figure 1). EIA forecasts that oil prices will remain lower than levels seen for much of 2018 because relatively strong global oil supply growth over the next two years outpaces growth in consumption. In 2019, EIA forecasts global liquid fuels production to average 101.8 million barrels per day (b/d) and consumption to average 101.5 million b/d, which would result in inventory builds. ... More »

Thursday, 24 January 2019

Crude oil prices forecast to increase, but remain lower than 2018 averages as global inventories build (1/24/2019)

In the January 2019 update of its Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that Brent crude oil prices will average $61 per barrel (b) in 2019 and $65/b in 2020, down from the 2018 average of $71/b (Figure 1). EIA forecasts that oil prices will remain lower than levels seen for much of 2018 because relatively strong global oil supply growth over the next two years outpaces growth in consumption. In 2019, EIA forecasts global liquid fuels production to average 101.8 million barrels per day (b/d) and consumption to average 101.5 million b/d, which would result in inventory builds. ... More »

Wednesday, 16 January 2019

Upcoming changes in marine fuel sulfur limits will affect crude oil and petroleum product markets (1/16/2019)

In the January 2019 update of its Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) includes the effects that upcoming changes to marine fuel sulfur specifications will have on crude oil and petroleum product markets. Set to go into effect January 1, 2020, the new International Marine Organization (IMO) regulations limit the sulfur content in marine fuels used by ocean-going vessels to 0.5% by weight, a reduction from the previous limit of 3.5%. The change in fuel specification is expected to put upward pressure on diesel margins and modest upward pressure on crude oil prices in late 2019 and early 2020. ... More »

The Stages Of A Scam

1. Foundation Work: This is the preparations which are made before the scam is put in motion, including the elaboration of the plan, the employment of assistants and so forth.

2. Approach: Is the manner of getting in touch with the scammers victim — often most elaborately and carefully prepared.

3. Build Up: Rousing and sustaining the interest of the victim, rousing his emotions, showing him the chance of profit and filling him so full of anticipation and cupidity that his judgment is warped and his caution thrown away.

4. Pay-off or Convincer: An actual or apparent paying of money by the conspirators to convince the victim and settle doubts by a cash demonstration.

5. The Hurrah: This is like the dénouement in a play and no scam or con scheme is complete without it. It is a sudden crisis or unexpected development by which the victim is pushed over the last doubt or obstacle and forced to act. Once the hurrah is sprung the victim is clay in the scammer's hands or there is no game.

6. The In-and-In: This is the point in a scam act where the conspirator may put some of his money into the deal with that of the victim; first, to remove the last doubt that may tarry in the gull's mind.