Member Info for ocelot

DUBAI/LONDON (Reuters) - OPEC and its partners are discussing a proposal to cut oil output by up to 1.4 million barrels per day (bpd) for 2019, three sources familiar with the issue said, to avert an oversupply that would weaken prices.

Worried by a drop in oil prices and rising supplies, the Organization of the Petroleum Exporting Countries is talking again of reducing production just months after increasing it. The group meets on Dec. 6 to set policy for 2019...

https://www.reuters.com/article/us-oil-opec/opec-partners-discuss-oil-supply-cut-of-up-to-1-4-million-bpd-sources-idUSKCN1NJ15W

Oil price has bounced $1 in last 40 mins.

1.77 was the correct mid-price.

On occasions, the spread has narrowed to less than 0.05p.

Agreed, downward movement seems to be oil-price related.

Volume is quite good, without being big, even the number of posts on this board is OK, without being anything to shout about.

And who are you, cockernhoe?

Interesting analysis.

https://www.bloomberg.com/news/articles/2018-11-11/opec-allies-move-closer-to-oil-cuts-as-bear-market-adds-urgency?srnd=premium-europe

ABU DHABI (Reuters) - Saudi Arabia is discussing a proposal that could see OPEC and non-OPEC oil producers cut output by up to 1 million barrels per day, two sources told Reuters on Sunday, as the world’s top oil exporter grapples with a drop in crude prices.

The sources said any such deal would depend on factors including the level of Iranian exports after the United States imposed sanctions on Tehran but granted Iran’s top oil buyers waivers to continue buying oil.

Riyadh was surprised by the waivers granted to customers such as China and India, a move which hit oil prices, at least three industry and OPEC sources told Reuters.

Now Saudi Arabia wants to act to prevent a further slide in prices which fell below $70 a barrel on Friday, and is leading discussions on cutting oil output next year, the sources said...

https://www.reuters.com/article/us-oil-opec-saudi/saudi-arabia-in-talks-to-cut-oil-output-after-u-s-waivers-hit-prices-idUSKCN1NG059?rpc=401&

https://oilprice.com/Geopolitics/International/Rosnefts-Middle-East-Strategy-Explained.html

If enterprise value is EV, what is an electric vehicle?

https://www.bloomberg.com/news/articles/2018-11-09/oil-in-bear-market-set-for-5th-weekly-loss-on-supply-glut-fears?srnd=premium

Good speechette, Mark888man, and well done!

Mark888man 219
Bunks 222
ocelot 245

insufficient buying in relation to the selling.

$21.

Goes back about 18 months now, at a guess.

?!

16.1m so far.

It's a good day for exchanging insults (for those who wish to do so).

Doesn't commerciality imply and engender financial viability?

At least, one, presumably.

Basic eps at the half-year was 21.3 cents.

At the time, I was aware of a full-year forecast of 40c.

Imagine forecasts have been tweaked upwards since.

Think H meant 5th Oct but was distracted by the fireworks.