#Opec

Calculation of OPEC+ cuts on Feb for OPEC, Jan for non-OPEC, assuming Mexico goes along So Saudi + Russia egos satisfied by same reference level and % cut; but Saudi's

My Views: As a result of sanctions, decline in the production of Iranian #oil has reached a point that it virtually has no effect on decisions made by #OPEC. It

Nigel Gould-Davies

What did #Russia achieve by breaking up OPEC+ early last month? Triggered big rise in #oil supply during unprecedented demand shock. New agreement now on worse terms for Russia /1

ThreadMy view on the OPEC++ oil production cut:1- Production base matters: April Vs. Q12- Counting shut-ins vs additional cut matters3- Duration of the cut matters: The longer it is, the

Thread on oil prices, etc1- China supports oil demand & oil prices in NORMAL circumstances. It cannot do so in a #COVID19 world. Lower oil prices might encourage imports and

#OOTT @Samir_Madani In 1 hr, you are cordially invited to our webinar w/ @CornerstoneOil Mike RothmanThis is open to the public but requires registration, k?https://us02web.zoom.us/webinar/register/WN_E7G6i66VTJyd83TbldzL_A Bring your Q&A, would

Oil markets have a very simple problem to understand, but extremely complex to implement by late May-early June: oil supply cannot exceed demand in aggregate for at least few months.

*Martin Tyler voice*"And it's LIVE!"https://www.youtube.com/watch?v=5lejhL6Mp24 https://twitter.com/Ben_Winkley/status/1318130846495350790 False start for the JMMC. Killing time waiting for the Opec livestream to kick back in?

The numbers show why Saudi Arabia’s attempt to blame Mexico over 300k b/d might not fly in USS.Arabia oil output in February = ~9.8m b/dS.Arabia current output = ~12.3m b/d

Goldmans on the latest #OPEC(etc) agreement.“A historic yet insufficient cut”1/2#OOTT Goldmans on the latest #OPEC(etc) agreement.“A historic yet insufficient cut”2/2#OOTT

Erik Townsend 🛢️

1/THREAD: WHY OPEC+ CUTS ARE IRRELEVANT AND MARKET OBSESSION WITH THEM IS IRRATIONALProduction cuts are only effective and meaningful when they achieve a balance between supply and demand.When this balance

This Mexico situation is absurd They want to show @Pemex will be increasing production to local refiners. Those refiners ran at like 40-45% last year and are a total joke

The Oil producers are fucked from Saudis to Russia to Iran There is no one to buy future contracts, demand has collapsed. China has storage, US has its own

Re: Crude Oil-When Will EV Adoption Cause Peak Oil Demand? Although this will eventually happen, to paraphrase Mark Twain, "The reports of the death of hydrocarbons are greatly exaggerated."

Básicamente así está el timeline de la reunión OPEC1) El REQUISITO para dicha reunión es que todos tenían a cortar producción.2) En días pasados se discutió la base y cantidades

michaeldobsonNZ

very happy to be quoted, warmly & accurately, by @climatemegan in this excellent analysis of the current state of the oil market and prospects for managed decline. i do want