Member Info for mtahir1888

very good video, only time will tell. Hopefully be very good news. Next 6months will be very interesting, that is for sure.

No doubt next week or so it will be a massive draw ..... maybe the biggest we have seen for a while.... We can safely say that oil will average around this range for a good few months till we know what the orange faced fatso is planning to do with the Iran situation around end of sep to oct.

Thanks for that info. Cheers

Does anyone know when PMO will expect the first oil from Sea Lion ?

Does anyone know when the first oil is expected for sea lion ?

Guys why is this moving up when most of the oil stocks are moving down today ?

When uk and Europe close I am sure oil will recover like it always

12mil draw no big deal to drive the crude price higher !!!! 12mil draw ! We will see.

Weekly EIA oil inventory data The weekly EIA inventory data showed a surprise 1245K build vs an expected draw of -5000K Gasolinne -1505K vs -750K expected Distilates 134K vs -685K expected. US refinery utilization -0.40% vs 0.00% expected Implied demand 19777 vs 20669 last week weekly net crude imports of 1.0 million BPD to 6.72 million BPD total US product demand over past 4 weeks 20.9 million BPD, up 1.4% from year ago gasoline demand over past 4 weeks 9.7 million BPD, up 1.2% from year ago The private API data reported last night showed: Crude -4.5M drawdown Gasoline -3M drawdown Distitate -0.438M drawdown The price of crude oil has moved lower after the surprise build. The price is currently down -$0.84 at $73.30. The low reached $72.95.

Guys is there any EIA report today ?

exactly. Tree shaking.... I watched other oil shares in the same day drop by 10-20% and then finish up... wonder why.... oil is likely to stay here for a bit at least between $70 to $80... if things between the US and Iran and Venezuela get resolved which I doubt then it might dip but also could dip if OPEC turn on the taps... but let us see what driving season brings. I take it that a trading update is out on this Friday ?

i hope so zen. not that i want to see any country getting sanctions or bombed just because I want to make money. However like you said that should push the oil price up. Do you reckon the oil draws will get better with driving season approaching and did you read about the ships which need to move to mid distillate oil from Jan 2019, that will take off another 1.5 million barrels of oil per day (from next year).

I thought this morning it was going to sky rocket, but guess to many sells coming in stopped it from going over 132.... what does everyone this of Barclays upgrade to 140 ? I think the sentiment is returning back to the energy sector. Once a percentage of short term holders have taken profit then I guess this will shoot up maybe to 160 to 180.... if oil stays around this mark.

I think we would all agree that yesterday was the one of the biggest recent PMO tree shakes. I wonder if there will be more in the next few weeks.

thanks bud. Cheers

all sorry for asking the question again, does anyone know when we are expecting an updated trading update ?

i would love to see it above �3 but what makes you think it would reach that ?

all is 30s a thing of the past ? surely this should be well about 50p at this current oil price or am i missing something ?

Yes sorry my mistake it is tomorrow. Let's hope it's a good one.

Is there suppose to be a trading update ?