Member Info for NewKOTB

deos, had enough of you yesterday, don't start spouting the same rubbish over and over and over again , just leave it will you and keep your ramblings to yourself ....

Had enough for today .... my head hurts ....lol

Just worked out that Mexico stand to loose approx only $180m ..... would Trump not just give them the cash .... in $ of course, hot off the press. to get the deal done.

So you reckon Saudi and Russia paid Mexico off .... makes sense, blame the other guy, nothing to do with me guv !

On the bright side .... lol

Neither OPEC or G20 have issued their final statement on the Mexico matter .... so one would hope thumb screws are being applied atm

By the time the next meeting takes place it will be too late, nothing will of changed other than the cuts needing to be larger ... if its not done now ..... there will not be another chance, the oil industry will collapse, then say hello to +$300 barrel

Ans : NO ONE KNOWS

All still up in the air, its the OPEC agreement needs Mexico to cut by 23% for two months .... exactly the same as every other OPEC+ member has agreed to do .

Mexican gov are nuts, they think their hedge will save them .... ffs, short sighted or what.

https://www.rt.com/news/485501-opec-russia-deal-prevents-chaos/

Saudi Arabia plans to issue a statement blaming Mexico for not agreeing to cut its production (by the allocated amount of 400k

Nigeria's FED

NO INDIVIDUAL NUMBERS ..... so one overall number for cuts will be issued ....by G20.

busy ....

Trump has been bust today with domestic issues ... Covid-19 etc, but will now have time to sort this issue and the Tweet will no doubt follow, if not tonight then tomorrow 2pm onwards imo.

Spot on ..... it's not the amount cut, it's the fact they are able to work together to resolve the issue.

Do what it takes, this is no halfway house agreement, the deal is set for 2 years that can be tweaked during that time. Next OPEC+ meeting in two months so more cuts may follow if required.

deal to cut oil production and save the market from a coronavirus-induced breakdown proved elusive on Friday as a diplomatic initiative led by Saudi Arabia suffered repeated setbacks.
After two days of talks, it remained unclear whether OPEC+ had resolved the differences with Mexico that would allow its agreement for a record 10 million barrel-a-day supply reduction to proceed. A meeting of energy ministers from the Group of 20, which the cartel had hoped could add another 5 million barrels a day of cuts, ended with a generic statement that didn’t commit to any specific supply reductions, according to a delegate.
The diplomatic obstacles cast doubt on efforts to revive the market from a debilitating slump in prices to the lowest in almost two decades, which hasthat’s exposed governments and companies around the world to severe financial pressure.
It was now up to Saudi Energy Minister Prince Abdulaziz bin Salman and U.S. President Donald Trump -- who instigated the whole deal -- to salvage something.

"Fk all this nonsense anyway, did we get a good deal?..."

WHO KNOWS !

"Trump just said in a press conference that Russia want a 23% cut..."

23% is what OPEC have agreed ... across all members for 2 months

link please

The only thing that is sticking in my throat atm is the fact we have not had clarification from OPEC that the deal has been formalized after it was left out on a limb yesterday saying Mexico needed to cut as per so it could be ratified.

Sorry, the wording was such it implied the present.
You need to take more care ... all you needed to say was 'yesterday', particularly as things have moved on substantially since then..... OPEC MEETING / G20 MEETING lol