Member Info for kenniGT

lol it is going up now

lol
Investing.com
Brent -1.67%
WTI -2.71%
at the moment

Which is understandable. Stable now.
Oil is looking for a floor. It is not going to 10$ anymore and that is important.

Ignore first half an hour.

That was nervous end of the day.
If you think you can take anything from that good luck ;)

PMO is good till mid year with low oil prices. IMO by than CV19 policy should be relaxed and economy back on track. The deal gives stability which we did not have a week ago. Even on Thursday everything was shaky. PMO is not oil commodity. It is now at 30% of previous value and it has to trace back as too many investors will do too much monies, realising on Tuesday, there is no oil war on cards anymore. MMs do not like that ;)

Greens43 exactly

We will find out in 1.5h (if I am correct):
https://www.easymarkets.com/eu/en-gb/trade/hours/

From what I can read from some of you:

Oil war - brent price going down
Deal 19-20mln bpd - brent price is going down

Sorry but this logic just does no stuck up. Looks because whatever for some, price will go down ;] What happened to placing from day before? :)

38 by the end of the day, me thinks

Chillout SK :) watch again how they do pipeline for Catcher and think what company we have in hands here. Market will come good in time.
https://www.youtube.com/watch?v=7SQGUhSIeV0

The total cut between opec plus and the G20 and buying from the IEA will be 19-20 million bpd- sources

https://twitter.com/Amena__Bakr/status/1249412397896515584

https://nation.com.pk/12-Apr-2020/us-announces-to-cut-oil-production-by-4mln-barrels-daily-in-next-3-months-as-opec-meeting-scheduled-later-on-sunday

US announces to cut oil production by 4Mln barrels daily in next 3 months as OPEC meeting scheduled later on Sunday

9.7 mbpd is whole South Arabia output. So it is not a small number.
We have to add G20 , so additional 5.3mbpd at least, plus those who have/had to shut down due to low oil prices.

We have project in Mexico, good deal for PMO ;]

https://twitter.com/jarax12/status/1249394561409048584/photo/1

https://twitter.com/Amena__Bakr/status/1249394344060162048

We will see in 4 hours when I think brent kicks off ;]
There is pressure now on Opec to make the deal.

bernithebiker maybe, but situation is still better than week ago, when Russia and SA had oil war.

Oil 'may rebound above US$100 by 2022 due to lack of investment - Proactive's Zac Phillips

https://www.youtube.com/watch?v=RfOE2_9Z4aI

Might be.
Plus the industry needs capex as every new well drops production volumes in time. And capex is now (again after 2016) being limited.

Not really. Trump alone will not allow it.

You really think Mexico will stop will of G20 and Opec countries? :)

You really think Mexico will stop will of G20, Opec countries? :)