Member Info for Ohmetoe

The cuts gives the chance of poo recovering as the world opens its doors again after covid19.
China back in business, Spain this week,Germany this month

I keep seeing 19 to 20 million cut which is to be announced between OPEC+ and the G20.
I'm sure i read somewhere that the yanks are now cutting 4 million over next 3 months as well.
China is heading back to work one of the worlds top users , Plus likes of Germany end of this month . A move upwards for poo ?
Maybe little Ukog may get a boost ?

Ocelot i think SA , kuwait and UAE are to cut another 2 million now ontop.

Deal done

So who are the mugs that got left out of this one ?
PMO up up and away

and the rest of OPEC aren't Third World?

Read what i wrote again and try to understand it

But it's a lot of different taps filling the bath - and every one who owns a tap needs the money - they need it even more with the price so low - and then the Virus on top. Hard to shut your tap if you think it may bring the mob out onto the streets........

And hereby lies the problem , eggs and basket springs to mind

BWM

Anyone normal would turn the taps off to stop the bath from overflowing.

Unfortunately we have a world led by plonkers

'I am never wrong.'

Wifey probably disagree with that

Looks like its going to pot any way because of mexico, they are standing the ground 100 k cut only USA make up anything else. Quite unbelievable to be honest that a third world country with pemex having ridiculous debt holding it all up lol.

She has been a busy bee last few days

Could be a double bluff by SA to do what they said , flood the world with oil and then say well we tried !!!

I see Russia are now desperate to get the deal over the line .

Exactly,

If Mexico say no then this could completely fall apart, poo to fall and be in a worse scenario than before.
Imho something will happen to help oil over 24 hours

It matters because it 'could' scupper the whole deal.
If one says no then others may do the same .

It's by no means a done deal

Mexico still say No

http://www.energyintel.com/pages/eig_article.aspx?DocID=1069447

Seems mad that they wont budge off 100 k reduction tho , could end up messing it all up

Mexico has oil hedged at around $45 probably why they wont cut .

Just looked at foth twitter , still has a pic of himself and sidedoor steve , why bother if you are out ???

Bwm

It looks as if oil war us over but now a large glut of oil to tear into with a world in lockdown hmmmm .
Not sure if a rise in brent will benefit little UKOG's SP like larger oilers.
Short spikes in the SP is all i see at the moment here imho