..Well I must say... that was the worst attempt at a tree shake ive seen this year....they are obviously still in shock from being held up by Urraca. :-0 Fill ya boots!
Agreed serge...the start up of FPF1 has to be done right with so much riding on it....its only 3 weeks till Feb and with a bit of luck OPEC would have sorted this shaky start to the year and oil will be on a firmer footing.
This will be blue later once the impatient ones have gone....then realised their mistake and piled back in!
Vlad..relax chap we are on the same side...and I hope oil goes to $100 next friggin week!...nothing would make me happier!
My point about the market not being fooled my OPEC refers directly to the OILPRICE since last week...$5 down even though everyone and their mother is claiming to of cut output..(except iran).
The trouble is the same as its been for years...the infighting and lack of trust regarding official out put figures and actual output figures between most members...Saudi & Iran the worst culprits.
You would be foolish to think that any of the members or non members like Russia give accurate figures...it just doesn't happen...that's all the excuse the market needs to push back down on the oil price.
The way I look at it is when oil was 30bucks everyone and there mother was stockpiling especially the USA and Chinese, it was obvious that was happening ......they ran out of containment facilities they were so full.... that's why the build up was so vast. Agreed it will dwindle in time but OPEC don't have time on their side....more cuts to come to speed the drawdown....then the swing to $70 will bring shale back online.