Fook me this is a forum !! I only asked a question ADOLF " will there be a cash call " if you can't answer it then don't reply SIMPLE !!
RE: Oil price
So eegbvi I where do you see TPET going?
Stew200 the Saudis will turn the taps down when about 30% or so of US shale drillers are in chapter 11 bankruptcy. That's about 350-360 so we have about 150 to go yet. Probably another 6 weeks or so. Then you should see a slow but steady rise to $80-82 which is Saudi budget price perhaps early Q3 for that. Meanwhile Saudi Aramco has for the last six weeks been increasing the price of Saudi blend to Asia while offering Europe a discount of $1.30 per bbl for Saudi light which is only 15% of production. Except for Iran there are no other discounts available. Saudi is also after the Venezuelan heavy crude market into Texas so is in no hurry to increase the price of that which is usually 25-30% cheaper than Brent. I am based in Bahrain so have good OPEC contacts.
Welcome back vx
massive evening for oil surge
Mostly buys all day today. . They are going to have to shift the bid and ask up soon if this continues . People coming on board now in anticipation of a strike by peers . What I would like to see is a gently move north inline with what we had today Not the huge spikes . The next few weeks are going to be very interesting here .
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.