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Is This The Mastermind Behind The OPEC Deal? By ZeroHedge - Dec 01, 2016, 2:56 PM CST Putin Going into the Algiers OPEC meeting in late September, the prevailing sentiment among the analyst community was that there is no way any deal will get done: after all there was no secret that the recent animosity between Iran and Saudi Arabia had recent reached unprecedented levels, with both side directly involved across from each other in the Syrian proxy war. However, the deal did happened, surprising virtually everyone, and based on a new Reuters report, it was thanks to one man. Russian President Vladimir Putin was the mediator who played a crucial role in helping OPEC rivals Iran and Saudi Arabia set aside differences to forge the cartel's first deal with non-OPEC Russia in 15 years. The interventions ahead of Wednesday's OPEC meeting came at key moments from Putin, Saudi Deputy Crown Prince Mohammed bin Salman and Iran's Supreme Leader Ayatollah Ali Khamenei and President Hassan Rouhani, OPEC and non-OPEC sources said. According to Reuters, Putin’s role as intermediary between Riyadh and Tehran was pivotal, and is a "testament to the rising influence of Russia in the Middle East since its military intervention in the Syrian civil war just over a year ago." It started when Putin met Saudi Prince Mohammed in September on the sidelines of a G20 gathering in China. The two leaders, who realized they stand to benefit more from cooperating in order to push prices higher, agreed to work together to help world oil markets clear a glut that had more than halved oil prices since 2014, pummeling Russian and Saudi government revenues. The financial pain made a deal possible despite the huge political differences between Russia and Saudi over the civil war in Syria. "Putin wants the deal. Full stop. Russian companies will have to cut production," said a Russian energy source briefed on the discussions. Of course, Russia's energy minister Novak has already said that it will take a long time before Russia's fulfills its production cut quota of cutting 0.3tb/d from its current production level of 11.2tb/d due to "technical complications" suggesting that Russia is perfectly happy to sit back and watch how the world reacts to the OPEC cut first before engaging following through on its promises. After all, there is potential Saudi market share to be gained. But first, prices had to go up. The back story is familiar to all who have followed the endless OPEC melodrama of 2016: in September, OPEC agreed in principle at a meeting in Algiers to reduce output for the first time since the 2008 financial crisis. But the individual country commitments required to finalize a deal at Wednesday's Vienna meeting still required much diplomacy. Recent OPEC meetings have failed because of arguments between de facto leader Saudi Arabia and third-largest producer Iran. Tehran has long argued OPEC should not preven

Gas and Oil are both up ,but Zol zzzzzzzzzz

Liquified Natural Gas ,Zol has lots of gas as well !!!! As oil

OPEC Cut Could See LNG Prices Rise By Susan Sakmar - Nov 29, 2016, 2:38 PM CST Natural Gas Storage With most of the energy world focused on the upcoming OPEC meeting and whether oil ministers will agree on production cuts in order to help boost oil prices, it’s a good time to review why the LNG industry also closely follows the price of oil. Traditional Pricing Structure for LNG—Oil Linked Pricing The vast majority (approx. 70 percent) of the world’s LNG trade is priced using a competing fuels index, generally based on crude oil or fuel oil, and referred to as “oil price indexation” or “oil-linked pricing.” The original rationale for oil-linked pricing was that the price of gas should be set at the level of the price of the best alternative to gas. Historically, the best alternative was heavy fuel oil, crude oil or gas oil. While the substitutability of oil and gas has decreased over time, the traditional oil-linked pricing remains. x This is particularly the case in the Asia-Pacific region where LNG contracts are typically based on the historical linkage to the Japanese Customs-cleared Price for Crude Oil (JCC, or the “Japanese Crude Cocktail”). This is because when LNG trade first started in Japan, Japanese power generation was heavily dependent on oil so early LNG contracts were linked to JCC in order to negate the risk of price competition with oil. For suppliers, oil-linked contracts have traditionally provided a means to secure project financing and a return on investment. Since LNG projects are multi-billion dollar investments, underpinning the project with long-term, oil-linked contracts is usually necessary to secure project financing by lenders. For buyers with security of supply concerns, most notably Japan and Korea, oil-linked contracts have also ensured that enough new LNG supply comes on the market since the long-term contracts underpin the project and reduce the risk for the project developer. In North America, the gas market originally operated in a similar manner with long-term, oil based contracts. When the North American gas markets were liberalized in the 1980s and 1990s, a “hub” system developed whereby natural gas is now traded at over forty principle centers, or hubs, spread across North America. The best known is Henry Hub in Louisiana, which serves as the pricing reference for NYMEX gas futures contracts.

Deal done ,all oil company's share price going up +++++

Guys it's gone no more ,and all the other sayings that go with it that I won't repeat ,coggy I feel your pain . But good luck to the future

limited ,Big meeting in Vienna ,I dout it will have much impact on the share price here even if a deal is done and if mr trump lits sanctions ,the market does not like this share for there own reasons .what are your thoughts ?

65000 shares bought £15k worth ,

Great post also recommend,but the only people who could have Bought at 18/19 were mr MM as the spread then was just a wide .at the moment they they are bashing this because they have no shares ,no shares no profit no interest, Good for us as we can pick up some cheap shares .

What we are left with is a company generation profits,130%up on last year ,with massive assets ,if they keep making money steadily then the share price should rise as at the same pace ,nice and steady ,a rise in oil price or further production of gas should have massive upside .Let's not forget they have reduced overheads and increased profit .and are still cheap to buy as Panmure gorden see the share price of 55.00 .plus opec meet in the next few days regarding oil production,which could have a massive upside to the oil price .

Just out of interest which was your sell ? Volume and price

Best of luck to you for the future .

Is whats holding this share down ,all smoke and mirrors ,USA and Russia need to sort there differences .

130% up and the share is now worth less ! You could not make this up

Is like a coiled spring ,

Figures are looking good 130% up

Volume this week ,may be share price has been hacked to ! So the results are out next week any predictions on share price movement if any ?

Last chance to buy at these low prices ,as you say lets see what tomorrow brings .

Remains the same .this company is lacking in share holder confidence due to lack of news and poor oil figures,they have lots of gas ,and gas is on the up ,but the spread is so wide just like the MM escorts ,I'm sure in due time they will give us a small spike with a fast retraction ,hay Ho that's MM aim old Boys .no long term sustenance .

The share price 24.50 is the same as yesterday so it really has not gone up or down ,the 60,000 down as a buy could be a sell ,which Is worrying .but we will see Friday .