Glossary entry (derived from question below)
Jun 13, 2016 16:13
7 yrs ago
5 viewers *
Spanish term
contango
Spanish to English
Tech/Engineering
Petroleum Eng/Sci
financial report, market indicators
I am translating a monthly report power point about market indicators around petroleum, natural gas and the imports and exports of natural as in Spain and so on.
The heading of slide 3 is "Continúa la reducción del contango en ambos mercados, más pronunciado en Nymex". Contando sounds very strange to me and difficult to find a logical menaing. Previous slide is "Aumentan el precio de los crudos" and the fourh is "Aumentan por segundo mes consecutivo las previsiones para el Brent".
Could you help me here please? thank you!
The heading of slide 3 is "Continúa la reducción del contango en ambos mercados, más pronunciado en Nymex". Contando sounds very strange to me and difficult to find a logical menaing. Previous slide is "Aumentan el precio de los crudos" and the fourh is "Aumentan por segundo mes consecutivo las previsiones para el Brent".
Could you help me here please? thank you!
Proposed translations
(English)
| 4 +2 | contango |
philgoddard
|
Proposed translations
+2
16 mins
philgoddard
United States
United States
Native in English
United States
Six languages into flawless English
Native in: English
Works in: German to English, French to English, Spanish to English, and 4 more.
Related KudoZ points
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31
Selected
contango
"Contango is a situation where the futures price (or forward price) of a commodity is higher than the spot price."
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Note added at 30 mins (2016-06-13 16:43:54 GMT)
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This is from last month:
The increase in front-month prices contributed to a **reduction in the contango** (when near-term futures prices are less than longer-dated ones) for Brent and WTI."
http://www.eia.gov/forecasts/steo/uncertainty/
--------------------------------------------------
Note added at 30 mins (2016-06-13 16:43:54 GMT)
--------------------------------------------------
This is from last month:
The increase in front-month prices contributed to a **reduction in the contango** (when near-term futures prices are less than longer-dated ones) for Brent and WTI."
http://www.eia.gov/forecasts/steo/uncertainty/
Reference:
3 KudoZ points awarded for this answer.
Comment: "Yes, thank you. I also remembered we have Wikipedia for quick,useful answers."
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