Member Info for ocelot

G20 should have started 10 mins ago.

Expect he's investing, above all, for Saltfleetby's prospects, but, in his absence, cannot speak for him.

Agreed, hasiba, it seemed to me they were basically saying:

"Over to you, Mr President".

PS: it would greatly help Riverfort if the share price was to rise, they wouldn't have to sell so many shares.

Another conversion RNS on Tuesday morning?

Good Friday!

... The impact of supply cuts on pricing also depends greatly on the baseline production level used as a starting point, Tudor, Pickering, Holt & Co. (TPH) analysts said Thursday, since OPEC-plus has recently threatened to add up to around 4 million b/d of supply from February levels.

The Saudis already have ramped up production by about 2.3 million b/d since February to more than 12 million b/d currently, and the United Arab Emirates “has also increased output notably,” the TPH team said.

Therefore, if April is the starting point, about 4 million b/d would have to be subtracted from the headline supply cut to gauge the true impact of curtailment, analysts said.

“Overall, we need to see a true 10-15 million b/d cut for at least three-to-four months for the market to respond positively for a longer period of time” versus a short-term spike, the TPH team said, adding, “until then this continues to be a demand-driven issue with inventories continuing to build meaningfully in the coming months.” ...

https://www.naturalgasintel.com/articles/121620-expected-opec-plus-curtailment-said-good-first-step-but-not-enough-to-balance-oil-market

VSHonda,

I think Yanis originally bought in at a much higher level. He's been bringing his average down. He posts regularly on the board, but far from every day like some of us!

https://www.bloomberg.com/news/articles/2020-04-09/trump-gets-the-oil-deal-he-wants-by-staying-on-the-sidelines?sref=Em01M8Hr

Some good news!

https://uk.reuters.com/article/uk-global-oil-opec-factbox/instant-view-even-big-opec-cuts-wont-offset-oil-demand-collapse-analysts-idUKKCN21R297

... Saudi Arabia-led OPEC-Plus held a meeting that included Russian officials late Thursday morning, during which they discussed an agreement to reduce oil production by 20 million barrels per day.

The deal would last for three months starting in May, during which Saudi Arabia would cut production by 3 million barrels, Russia by 1.5 million and other OPEC nations by 5.5 million...

It's not explained how 10m bopd becomes 20m bopd.

https://www.upi.com/Top_News/World-News/2020/04/09/Oil-prices-surge-amid-potential-deal-between-OPEC-Russia/5481586446848/

Not sure where 20m bopd can come from without the US, but we shall see.

3:57 Vienna time, OPEC+ starts in 3 mins.

Don't think it's artificial, the sellers, above all, Riverfort/YA, are weighing down on the stock, preventing it from rising (despite continuing good buying).

Following the RNS re Tellurian's holding yesterday, we can see that they are taking their time in selling down their stake.

Should the update re HH-2z flows be positive, they will be able to benefit from the likely price appreciation on their remaining holding.

Riverfort/YA's concern is more pressing, to reduce and recover their loan.

MOSCOW/DUBAI (Reuters) - Saudi Arabia and Russia still need to resolve differences over plans for deep global oil production cuts, a Russian source and an OPEC source said on Thursday, hours before the start of talks between OPEC, Russia and others over efforts to prop up prices.

“I’m not sure how Russia and Saudi Arabia would be able to iron out their differences today, it all could be stretched out,” the Russian source told Reuters...

https://www.reuters.com/article/us-global-oil-opec-differences/saudi-russia-still-at-odds-over-plans-for-oil-cuts-hours-before-talks-sources-idUSKCN21R0VE

It's awkward timing, that's for sure!

That's quite a network of information sources, you've got there, TrollHunter2!

.