Under the OPEC+ scenario, Saudis would cut at least 3 mln bpd

Under the OPEC+ scenario, Saudis would cut at least 3 mln bpd

UNDER THE OPEC+ SCENARIO, SAUDIS WOULD CUT AT LEAST 3 MLN BPD FROM CURRENT LEVELS - UNCONFIRMED SOURCES.
— ProSquawk (@ProSquawk) April 3, 2020

Added at 9:21am

TEXAS CONSIDERING OIL PRODUCTION CUTS OF AT LEAST 500,000 B/D -SOURCES
— 4XInsight (@4xInsight) April 3, 2020

Added at 9:22am

UNDER OPEC+ SCENARIO, US, CANADA AND BRAZIL WOULD CUT NEARLY 2M B/D -SOURCES#OOTT
— Breaking Market News (@breakingmkts) April 3, 2020

Added at 9:22am

RUSSIA SAYS WILL DECIDE ON JOINING OPEC CALL AFTER TRUMP MEETS US COMPANIES#OOTT
— *Walter Bloomberg (@DeItaone) April 3, 2020

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Comment #1
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Apr 3, 2020 9:25am Apr 3, 2020 9:25am

Traderzway
| Joined Sep 2019 | Status: Junior Member | 2 Comments

oil to 40 soon

Comment #2
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Apr 3, 2020 9:27am Apr 3, 2020 9:27am

2dollardog
Joined Nov 2017 | Status: Rebarkable | 415 Comments

Guess the US didn't get Putin's message. Forget the cuts. Buy the rumor. Sell the news.

Comment #3
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Apr 3, 2020 9:36am Apr 3, 2020 9:36am

Sahir12
| Membership Revoked | Joined Feb 2018 | 441 Comments

now war phase 2 coming.

TuriBinda

Comment #4
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Apr 3, 2020 10:40am Apr 3, 2020 10:40am

Momofrmnyc
| Joined May 2019 | Status: Rolling in the Pippppssss! | 956 Comments

Quoting Traderzway

Disliked

oil to 40 soon

Ignored

Them cutting means nothing. The demand is low to begin with.

The solution is (x).

Comment #5
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Apr 3, 2020 12:16pm Apr 3, 2020 12:16pm

mehanath
| Joined Mar 2018 | Status: Junior Member | 1 Comment

IT WILL TOUCH

$29.800

THEN IT WILL COME $16.00 WAIT AND SEE........ JAI SHREE RAM......

Comment #6
Quote
Apr 3, 2020 3:15pm Apr 3, 2020 3:15pm

Guest
| IP XX.XXX.1.72

the current glut will bring prices down in the near term in any event: not so sure Saudis will play ball until further down the road ... this is old but from the Saudis press office:

Riyadh, March 18, 2020, SPA --Ministry of Energy directed Saudi Aramco to continue to supply crude oil at a level of 12.3 mbd over the coming months.
--SPA
15:19 LOCAL TIME 12:19 GMT

EMPHASIS ON THE "COMING MONTHS"

Story Stats

Posted: Apr 3, 2020 9:21am
Submitted by:
Newsstand

Category: Low Impact Breaking News

Comments: 6 / Views: 5,337