RE: Price of oil dropping....5 Feb 2020 08:58
20% of supply taken out by the coronavirus (40% according to BP).
OPEC today concluding a meeting to withdraw between 500,000 and 1m bopd, but Russia not happy with the amount.
Might help the price of oil a little if they align though markets will likely wait to see results as OPEC has lost credibility.
I still don't see the UKOG SP as very closely linked to the price of Brent yet, but it does seem to have some impact.
:)