RE: RNSTranslator I did this for you...16 Dec 2021 18:27
Ok royoboy, just wanna get your take on the Arden report today factoring in an upgrade of 65 $ as the Oil price for 2022...
Brent currently as I type 75.23 Dollars ...
The physical demand for oil is showing no signs of weakness. Here is my other thing...the OECD inventory deficit for the 2015-2019 average increased by 30% in a month to 202MM Bbls and levels now sit near a 7 year low...2022 oversupply forecasts based on OPEC hitting quotas when OPEC+ is under producing already by 113,000Bbl/d
So why do Arden only use 65 dollars to work out Wressle's income ??