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Personally think this is priced in…don’t expect a big drop
Have too agree with you on that K…….I thought the release of OU was very sinister.
Thanks hitman
MRC - can you kindly provide the exact location / page number where you found this statement?
Thanks
Goldman's Currie Sees Potential for Oil Prices to 'Explode'
https://www.bloomberg.com/news/videos/2021-09-13/goldman-s-currie-sees-potential-for-oil-prices-to-explode-video
Close to 90% of total US oil and gas production came offline in the Gulf of Mexico ahead of Hurricane Ida by Aug. 28, and Louisiana's refining and petrochemical operators began closing some plants ahead of the heavy winds and storm surge of a major hurricane. Ida is expected to become the first major hurricane of 2021 to significantly impact oil, gas, power and refining operations.
Close to 4.4 million b/d of operating refinery capacity is in the path of Ida as well, primarily in Louisiana. Ida's wind speed will play a major role in how hard it strikes at the heart of USGC refining centers, according to S&P Global Platts Analytics.
(Reuters) - The 400,000 BPD increase agreed by OPEC+ in its previous meeting may be reconsidered at Wednesday's meeting - Kuwaiti oil minister
Lol
Reuters:
"Oil prices may continue to gyrate in the coming weeks," Goldman Sachs (NYSE:GS) said after the agreement.
However, the U.S. investment bank said it remained bullish on the outlook for oil and the agreement was in line its view that producers "should focus on maintaining a tight physical market all the while guiding for higher future capacity and disincentivizing competing investments."
It said the OPEC+ deal represented $2 "upside" to its summer forecast for Brent to reach $80 a barrel and $5 upside on its outlook for the international benchmark to average $75 a barrel next year.
Yes, it should be positive for the market…key takeaway is the members are working together…..contrary to what has been leaked this week!
Source Amena Bakr …..who is extremely Reliable
Great news for Opec Plus and oil markets! The deadlock is over!the expectation now is for the easing of the cuts to take place in addition to extending the pact till the end of 2022
Quite agree R…..filtered man!
MRC and ALL....this is a wake up call.....
https://www.resilience.org/stories/2021-04-22/climate-scientists-concept-of-net-zero-is-a-dangerous-trap/
Here, here - Jan !!.....go find a Reddit board!
Lol
And posting dribble on here does what exactly?
For the life of me I just can’t understand why someone would post so often and at great lengths sometimes about a company they’re not invested in?....surly there’s more to life!