OPEC
#1
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OPEC
So, they've apparently agreed to cut production....not by much and it's not finalised until the November meeting but must assume it's really hurting KSA at the moment.
#2
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Joined: Sep 2016
Posts: 108
Re: OPEC
Russia is increasing by about 2.5% a month (250,000)
So all in all production will keep going up but Saudi, UAE, Qatar will lose market share.
Can't see them putting pen to paper on that one.
#3
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Re: OPEC
IF it happens it's only a cut of between 250,000 and 750,000 a day and Iran, Libya and Nigeria are exempt and will take up the slack.
Russia is increasing by about 2.5% a month (250,000)
So all in all production will keep going up but Saudi, UAE, Qatar will lose market share.
Can't see them putting pen to paper on that one.
Russia is increasing by about 2.5% a month (250,000)
So all in all production will keep going up but Saudi, UAE, Qatar will lose market share.
Can't see them putting pen to paper on that one.
#4
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Joined: Sep 2016
Posts: 108
Re: OPEC
That makes the OPEC cut look irrelevant, and none of it traded in USD which is mostly what this is all about
#5
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Joined: Feb 2011
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Re: OPEC
They are at about 2 million a day. Depends who you believe but they say if Russia keeps supplying them the infra and parts they need and China keeps buying then they could get up to 4 million a day fairly quickly.
That makes the OPEC cut look irrelevant, and none of it traded in USD which is mostly what this is all about
That makes the OPEC cut look irrelevant, and none of it traded in USD which is mostly what this is all about
It feels like a positive step but as you've suggested, a bit more smoke and mirrors to cover any real changes. Lots of different agendas.
#6
Re: OPEC
IF it happens it's only a cut of between 250,000 and 750,000 a day and Iran, Libya and Nigeria are exempt and will take up the slack.
Russia is increasing by about 2.5% a month (250,000)
So all in all production will keep going up but Saudi, UAE, Qatar will lose market share.
Can't see them putting pen to paper on that one.
Russia is increasing by about 2.5% a month (250,000)
So all in all production will keep going up but Saudi, UAE, Qatar will lose market share.
Can't see them putting pen to paper on that one.
Separatists in the delta keep attacking the pipelines. Comparatively peaceful at the moment but doubt that will last.