Member Info for Krakenoil

https://oilprice.com/Energy/Crude-Oil/The-Real-Reason-Why-US-Oil-Production-Has-Peaked.html

Makes zero sense to pump more oil lowering the price and increasing the loss, most small shale firms are already on the brink of bankruptcy now, so this will only push them over the edge. I think opec will have to respond eventually and open the taps and weed out the week

SA working hard reducing those inventories

That's a chunky UT trade

drop the oil price into close.

Up we go !

I'm still looking at a 77p closing price. Oil has been oversold during this 'Trade War Tweeter row 'without any actual drop in demand from either country. A move back up towards $65 Brent on the cards

Ha Ha I wonder who's behind it …… 3 guesses

Change of coarse, looks to be heading straight for Syria or the very corner of Turkey ! Could this be the final middle finger up to Trump and the EU before things really heat up ! Still holding out Tanker Hostage

Syria bound no doubt ! Trump will kick off

SK your lies are as bad as your mate the "gob****e"

SK your trading history has been as bad as DBNO share tips lol Both full of it

What do you expect with all the silly day traders here ? The only ones making any money here are GS and the medium term traders. The oil sector has been in a downward period for over 5 years, that's about to change. The world is using more and more oil each year, investment in the sector has been at the lowest for years with higher decline rates, oil doesn't find itself nor does it replenish itself. Like they said 2 years ago " Expect a massive oil price spike within the next few years " Oil has been to cheap to maintain investment in the industry.

Who's going to miss out on the next move up over the Quid ! Probably most of you silly day traders on this BB who claim to have made good profit here but the truth be told have lost good money on here.
You know who you are !

Zama bids may come out soon, $400m would be great but $600m would be epic. wipes off a huge chunk of debt and removing a massive chunk of risk factor to the stock ! Either way looks very very cheap at current SP

Apparently the tanker and it’s oil have been sold to a mysterious buyer
https://www.independent.co.uk/news/world/middle-east/iran-adrian-darya-oil-tanker-sale-us-turkey-middle-east-a9078906.html

Looks like she is still heading towards Syria

That’s going straight to Syria with a middle finger up to the EU and Trump. And Iran still holding the British Tanker and it’s crew hostage.

This is going to be all out War I reckon, why our government allowed our British Tanker and it’s crew to be held hostage I don’t know. Both should have been released at the same time. The Iranian’s hold all the cards now.

That’s going straight to Syria and with a middle finger up to Trump.