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OPEC Russia not doing themselves any favours, they would have been better off aiming at about $ 50 oil price. they need to come back to the table to arrange an agreement to stop Trump taking control. Thats a dangerous situation right there
I think it’s related to debt Chilts, Enq have made a huge effort to lay down there’s already and that was an amazing strategic move at this point. Enq are not in the same ballpark as Tlw, PMO they are in a much better position to whether storm with cash in hand
Think they may be living on a different planet
https://en.brinkwire.com/news/oil-heavyweight-unveils-plans-for-significant-north-sea-activity-amid-crude-price-slump/
https://gulfbusiness.com/saudi-aramco-slash-oil-prices-in-asia-as-virus-causes-demand-shock/
I thought it may go back up during the rest of the day. I think there is not a point from my perspective looking in anywhere until the hysteria of the virus pans out. Hysteria is a good thing for a potential quick rebound but could take a few months.