Menu
Sister Sites

  • Saudi and Russia have a deal on deep oil output cuts - OPEC source

Added at 10:26am

Added at 10:32am

  • Tweet

    From @caetuscap

    [tweet=1248257273815879680;1586442700]*OPEC+, OTHERS TO DISCUSS OIL CUTS AS BIG AS 20 MLN BPD: RTRS[/tweet]

As expected
As expected?? why do you think that??
  •  Guest
  • | IP XX.XXX.104.243
But how much?
  •  Guest
  • | IP XXX.XXX.195.233
Doesn´t matter.. Demand is too low and inventories high.
Putin is a man of word.
Exactly How much???
This is important
Quoting Gohardani
Exactly How much??? This is important
First let's push the market higher with incomplete news and then as soon as market gets weaker they release the number and push it even higher. I guess it is called manipulation.
20 M cut...good news for OIL holder...CAD should be on Moon...
Delegates use cutting-edge technology. Bunch of sluggards.
Invest in alarm clocks
Manipulation
Funny fact: FED or US is not able to buy Oil up as Dow/S&p500, do you know why? Because they have to buy it then physically/store it- or they have to sell all stuff again later before delivery (what would later crash the oil market). 40-45 Dollars needed for Us OIL Industry... let's see if here the fiscal politics hit the roof now.

The US-Economy has high protection because of Dollar but in that case they have no fiscal weapon. That can get interesting. Cutting of 20Bln Barrel could be sufficient for 40 Dollar but it has to be at least for around 6-8 weeks because market is full of oil, also storages.
Quoting hum7601
As expected?? why do you think that??
Price action say it
Risk on? But why JPY goin up?
Quoting Hokage-Sama
Risk on? But why JPY goin up?
It's actually USD that is going down... too much money printing
Fake news lol
  •  Guest
  • | IP XX.XX.124.221
Not enough to bring up oil price. I think it is up to the USA, Canada and Norway to cut their oil output
  • New Comment
  •  Guest
  • | IP X.XXX.241.39
Join FF
  • Story Stats