Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Mrd, I always thought my buying & sometimes selling timings were suspect, but I think today I can pass you that baton. ATB
https://www.bbc.com/news/business-49708220
OIL Analysts believe that could spike up to $80 (£64) or more
The SPR holds 630 million barrels. The Saudis have lost 5.7 million, that's 110 days. If this is a one off, fine, but if it's that easy to do, this is a real game changer. All the majors are vulnerable as well. BP has the BTC pipeline running through Azerbaijan, Georgia and Turkey, which is a security headache at the best of times, now you have to factor this in. I think the market will resemble the crazy days of the 1970's, maybe worse!
This might have ,already been covered, but it’s definitely a coincidence that this attack happens after Trump sacked Bolton & after whispers of relaxation of Iranian sanctions. IMO Iranians see Trump as soft & now the ultra hawk Bolton is out of the picture they can act without the fear of retribution. Having said that I think this makes the trade deal a bit less likely as cunning fox trump might have signaled relaxation of sanctions & trade deal around the same time to boost the Dow & simultaneously temper any rise in crude. I would say that strategy is definitely now out of the window, but Trump is nothing if slightly nuts so I guess a lot of surprises could still happen.
Shame I quit this last week - should be a decent rise! Good luck to those still holding....
Saudi dont want a oil price spike that just means USA goes nuts again all the hard work wasted.
Even a $2-3 dollar rise should see PMO open in the 90s.
I'm sue Trump will use the strategic reserves to quell the price rise however he might want to keep some back to fuel his ships and planes if things escalate, spin overdrive coming just to create uncertainty and ruin any bullish signals.
News just to calm the panic over the IPO??
SA want higher prices, so do other opec and opec+ states so why spoil the fun??
Trump won't want to back peddle on Venezuela and Iran surely.
So I bet the play it down spin merchants are doing overtime today to get the market subduing news out there asap.
Oil will be up $3-$10 depending on time frame of recovery exciting times for those in oil stocks. Sadly im out enjoy guys.
Trouble is, everyone will start producing more thinking a shortage then could possibly be over supply in the months ahead.
Better they do nothing and use this to take the glut out the market now. IMHO
Either way be good to see a spike for couple of weeks, for the heartache long term holders have endured here.
Thanks Maxroi...'The Department of Energy said the US stands ready to release oil from the Strategic Petroleum Reserve if it is needed "to offset any disruptions to oil markets" as a result of the attacks. .....The reserve holds some 630 million barrels of oil'...!!!!!.