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https://www.bloomberg.com/news/articles/2020-04-05/aramco-delays-oil-pricing-amid-saudi-russia-row-on-oil-cuts
so likely they'll be ready to drop or increase the price until/if the talks happen
SK He's only had one last week to live for the last 5 years...... Anything for a bit sympathy!!!
Sauer bought in the 90 s ...
The Great thing about this page is ......it keeps updating ...So you don't have to look at the same old negative idiotic rhetorically Bull S**t from the same people all the time. Oil is up- Some day this War is going to end!.....https://www.youtube.com/watch?v=qbXfEGVpqrM
It’s a kids playground....
This is going to be amusing, watching these 'leaders' negotiate who is cutting what, whilst their minions run around collecting buckets to store the oil..... the band played while the Titanic sank and the oil market will sink to the sound of overflowing buckets!
That article is behind a paywall.
Here is another one.
https://www.bloomberg.com/news/articles/2020-04-04/saudi-arabia-says-putin-s-comments-on-opec-deal-is-incorrect
Markets will react to this badly on Monday.
Sauer. My apologies of rude remarks
Sending good day.
Saucercrap. Enough said.
Sauerkraut. I notice with your posts, you do not add much of an useful information regarding Pmo. Your tactics appear attacking others. Mildly annoying .
Would you mind sharing your current stock position ?
Logitech I fully agree. The Saudis and Russians blaming each other is not so much a “rift” but a precursor to reconciliation as they both look to save face ahead of what they now realize as the inevitability of them both having to get back round the table, make compromises and agree to cuts.
As for the delay, I think that could be seen as undoubted confirmation that talks are ongoing in the background as many commentators were saying Trump just couldn’t wade in and sort this in a weekend, it was too complex, too good to be true. Well that was correct and now they have their answer, talks are ongoing, compromises will be made and an opec+ meeting will have the mardy bums all back round the table with red faces, teary eyes and quivering lips very soon and an agreement will be reached. Happy days. GLA.
There are laws against arming terrorists too but they always have weapons and usually American made
Putin will roll over. As will MBS. Ignore all that meeting delay rubbish this is going UP!
yawn
All I'm saying is dont get your Hope's up too much and exercise caution...smaller stocks fluctuate on anything remotely true...solid stocks only fluctuate on solid news...Friday afternoon Shell and BP went further into decline...think about it!
Enjoy your weekend...
Like I say issue is Russia wants US to reduce output too, something which its unwilling to do...in fact there are US laws atm going against any reduction...
Add to that a rift brewing between Saudi and Russia playing the blame game..
https://www.google.co.uk/amp/s/www.bloomberg.com/amp/news/articles/2020-04-04/saudi-arabia-says-putin-s-comments-on-opec-deal-is-incorrect
Texas governor had stated his support for US joining with OPEC. At least for the time being !
I don't think its unravelling...its just not clear cut as last min traders on here are expecting it to be...deal will take a little while...be surprised if happens in a day
1) Need a reduction of 10-15m bpd...
2) Issue is Saudi have little choice but to listen to USA, as for Russia they expecting opec+ and "other members" to contribute to the cut. Other members being the USA.
3) USA not committed to reducing any production...
This is the issue!
I have no doubt there will be some argybargy in coming week, I'm going to take advantage of this to try get a few more of these. The main news with tlw is the RBL buying time to finalize some portfolio management and of course the CEO hiring.
Of course there is risk but at this price? I'm reasonably optimistic that opec etc including us will do the right thing as the alternative doesnt exist, there is just no storage.
Starting to unravel already, perhaps?
A short postponement would be entirely sensible to allow individual Nations to discuss what, if any, supply curtailment they are willing to offer. Outside of Dictatorships this is just not a simple exercise but the direction of travel is now in the right way. Markets will be supportive until they learn of any disharmony....private investors will find that out later ! Be careful !
I come out on Friday...maybe back in on a drop Monday/Tue if the rumours are true...
https://www.rt.com/business/484954-opec-emergency-meeting-postponed/