Member Info for Krakenoil

I just bough another 50K worth Neil - I ain't selling

You watching the oil price tumbling Neil - I am and I don’t like it. I’m a realist you twat. China’s oil demand has fallen 20% Neil not 2.5%.
If oil doesn’t move back up this year we are in big trouble.

This is our most important year and we need oil prices to average mid $60’s, this virus will wreck our ability to even reduce our debt if Brent doesn’t recover from here.
I am a worried to be frankly honest. God I hope Enq have hedged well !

Wish I had sold out at 29p

Another record production for November 12.879mbpd.
Opec will have to open the taps again if these idiots carry on increasing

Looks like we could test out support at 22.25p again if oil doesn't hold

I bloody hope we have hedged well !!

The oil price is our biggest concern now. Everything else is great. If they get on top of this virus over the next few weeks then Brent should stabilise and start to make its way back to mid 60's end of next month. Fingers crossed.
We don't get a lot of luck do we !

I couldn't down load it for some reason, I can now.

?

Let’s hope so

Just saying that will be the next driver to push down oil prices

Out ... errr

It’s going to get worse before it gets better and Libya’s oil ports to open soon, so we probably have another month we or so before oil prices return to mid 60’s again. Oil prices may have bottomed our

We hope the Chinese will let this be a lesson on why we don’t eat disgusting disease ridden vermin .

I think he means the TU

Increases production to 11.28m bpd from 11.26m bpd

So much for them stating they would cut inline with Nopec as agreed.

The EIA forecast US production peak is still a decade away . WTF !!

Taken another hit this morning. -1.35%

When will Shale realise - if we don’t stop flooding the market we won’t have a market !