IEA Data .. ?!! Weird.16 Nov 2021 14:52
All a bit strange. They are bearish, and I am bullish.
The inventory deficit for the 2015 to 2019 average increased by 30% in a month to 202MM Bbls and levels now sit near to a 7 year LOW.
Pardon Monsieur... but ... the 2022 oversupply forecasts based on OPEC hitting quotas when OPEC+ is 'under' producing already by 113,000Bbl/d
A consultant in the Permian says if you expect a huge jump in rig activity you will be disappointed. There is no casing or pipes available . Tenaris is sold out for 2022.
Good. Quite frankly I want this all to go massive T! Ts up.
Freezing winter. Nord Stream..Russia you name it..the wotsits will hit the wotsits.
Brent will soar. Dave's Full Year accounts will be fantastic and everyone will fall in how important energy for the UK is and security for our country.