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https://www.irishmirror.ie/news/irish-news/dublin-airport-flights-travel-ireland-21857054

Just came across this and its interesting just for comparisons year on year flights over UK & Ireland. Someone here was going on about there been little change last week.

This will all eventually come back but not in a hurry.

Some people prefer to talk and others take action

https://www.businessinsider.com/coronavirus-timeline-trump-failures-undercut-pandemic-response-2020-4

https://www.businessinsider.com/coronavirus-timeline-trump-failures-undercut-pandemic-response-2020-4

Maybe the US security agency that apparently knew about this before China etc could have issued global alert despite the fact the administration in Washington wasnt interested. When the dust finally settles I will be very interested to know who knew what and when. Politics aside, but there is a lot of blame to go around and not just towards China.

Really, that's not what I was reading about gold sales in India and China, completely hammered.

Btb, I just came from shops in my car. The parking lot was reasonably full.

Dont need your help mem, well able to make and lose money on my own. GDR? That's an AIM punt, I checked them out. You can buy but maybe never sell.

Hugely? I doubt it and secondly what market and what volume?

"The market is shall we say hugely underwhelmed....,"

Surely hugely underwhelmed would be associated with a large drop, likewise overwhelmed a large rise. Market looks to be mildly positive considering the intent was to put a floor under prices. There is an objective and its floor on oil, not support shale and support reopening economies.

I'm buying more tullow on any weakness.

The cuts are more than sufficient, time will prove it.

The US needed the deal more urgently than Russia and SA. So what's he given up?

I suspect Shale is capped for foreseeable.

SBB1, if you can't figure that out I ain't going to help you. Posted earlier, the OPEC + part takes 5 billion bbls from market in 24 month period. I wouldn't count on the rest but US will lose a lot of production this year, my guessestimate is 3mbod but watch rig count closely. If 19mbod comes off the market from 1st May that's 1.1+billion bbls off global inventory in 2 months. Rebalancing supply demand will happen quickly and storage levels will normalize

SBB, your disappointment is infectious. Must be a few others here thinking oh ****, what just happened

And the cuts last 24 months, work it out. The cuts alone for OPEC + over 24 months remove 5billion barrels of oil from the system. This doesnt include non opec losses, estimated 5mbod,

Anyone thinking that 5billion ++ bbls of oil is insufficient in the short medium and long term is nuts. US total reserves stock pile is 1.3billion bbls including SPR

1) US, UK, France, Spain all falling. Thank God.

2) China, the second largest consumer is gearing up. Germany, Denmark, Spain, Italy relaxing the restrictions. That must surely translate to demand.

3) art berman doesnt talk his own book, hes well respected. A lot of shale is stranded, it wont produce if transportation costs are 7$/bbl

Anyway, talk your book. I read from many sources and had years working in the O & G industry. I simply counter the BS put on here by obviously people who read very minimal info and choose threads to suit their books.

Restrictions will go on for a long time surely but at what point is the inflection in supply/demand. My money is it's closer than you think

Romaron, your right wrt to both the timing, the impending placing and subsequent RI and for sure PMO are in the kaka with their acquisition timing and the economics of the deal are looking shaky too with prices as now or even with improvement. Not sure if lenders are looking to bail as I think with placing/RI at even 50p means another 700/800 million shares. Not good for current holders, but good for lenders etc? This view would be dependent on their longer term view of oil.

Bonds are not a bad bet now as all are trading well below par, dividend semi annual in form of interest or new bonds. PMO was 104p now about 50 after recovering from 38. There is no capitalization of interest clause like Enquest have. Goes to show what looks like ****e one time, may prove to look like roses another time.

I suspect Varde who has 2.5% position in tlw is hedging. Looking at the movements it could be bonds

Very disputable points all of them

1) deaths and infections appear to have either plateaued and / or dropping in many countries.

2) demand is actually coming back, the number of countries relaxing restrictions is quite high. Of course this could reverse but right now demand will be rising again.

3) according to art berman, the US has enough storage to cope with excess until November. Not sure about other producing countries.

How much is the drop in reality with experts from Platts saying 15/20mbod and others quoting up to 40mbod. My guess is 20mbod tops. The US inventories rose by less than 3mbod last week. They are 20% of world demand. China is coming back online. Many EU countries coming back albeit gradually from Tuesday.

From March to June inclusive it's normal for US inventories to rise weekly into summer and driving season. Warm weather already kicked in in ME and they burn much more oil than usual during this time both in car engine loss of efficiency and cooling homes, power generation efficiency drops too with oil and gas turbine generators with temperatures above ISO.

The numbers in the cuts are calculated based on the current demand loss and anticipated recovery in demand. These cuts initially are designed to keep a choke hold on shale (that wont be admitted) and other producers trying to take advantage of the situation. Modelling will have been done by smart kids in every country.

Of course there will be long term casualties, I suspect air travel will suffer for several years until there are protections in place to address future outbreaks. Not sure cruises will ever be the same either. Maybe that will boost air travel or more people will take driving holidays. Who knows, excuse the pun.

What's wrong with gambling? It's not illegal. Infact its promoted.