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So Pelle, Trump has come out & accused Iran in pretty blunt terms for responsibility. That’s the easy part, what will be the response or just Trump bluster ?

I agree Chilts, not nice but when I remember back to school days, it’s great seeing a bully get a bloody nice. Funnily enough afterwards their behaviour improved

Tobacco was always the foundation of income funds, (aka Woodford), but I rarely seeing anyone smoking these days. I’m sure they are working hard getting the third world addicted!

I know shale production is a worry for all producers, but ultimately their is a limit to how long they can produce at losses. General view is average usd60 wti needed for breakeven. Whatever Saudis/opec decide to do, ultimately they will do their utmost to achieve higher prices, even if it’s not this week. Also Trump, assuming he wants to get re-elected will need trade deal. PMO specific, great assets & assuming TD can control costs & deal with the debt, the future looks good.

As US oil inventory levels seem to determine world prices surely it makes sense for opec to restrict exports to America, assuming they can sell it elsewhere in the world.

Don’t want to get too melodramatic, as this may all be a storm in a teacup, but if you bully countries like Trump thinks he can, their will be a reaction.

Wish I had the answer to that Squif, but there will be reactions, that’s for sure.

There will be repercussions & unintended consequences as a result. Interesting times, no wonder the US fleet is in the Middle East...

Maybe Spindok, but remember US at best is meeting 13% of total world demand, let’s keep things in proportion.

Once again investment decisions will be put back on ice. All eyes will be on opec to bring some calm to the market. Best I think to switch off & revisit when this storm has passed.

Saudi Crown Prince is the mystery buyer of a leonardo da Vinci only cost usd 400m, currently on display in his yacht. Low oil price, so what!

I hope so Heardy, but week on week builds is not great for the sp short term. At least Kraken is roaring & AB pick up Magnus for a song & it’ll absorb tax losses for the foreseeable. Just need poo to play ball

World demand growth for oil 2.9% (ref bp). Assuming trump wants to get re-elected sentiment & demand can only increase when that biggest most.beautiful trade deal gets done.

On the bright side wti price must be killing shale, they must be masochists. Second positive, they are playing into OPEC’s hands, can’t see them listening to trump

Maybe not dissimilar to CDO’s, when it was politically correct for banks to offer liar mortgages to welfare cases. We know how that experiment worked out, just hope shale when it comes to a head, and it will, doesn’t have the same impact on the financial system. Fingers crossed.

The romans had bread & circuses, cheap fuel is trumps equivalent, do politicians ever change?

Londoner can you please email trump a copy, next time oil spikes up, hopefully he’ll see the positive effect to US trade deficit, rather than harassing opec to open up the taps.

Not surprised our postie use to need a trolley now only has a satchel, says it all.

One minute hammering down (wishful thinking dbno), now hammering up (well up 0.5%). Subjective thing language.

Around usd60 is bandied for shale breakeven, it can’t be sustainable at current prices & I didn’t think US banks were charities despite I assume political pressure to be accommodating.