The demand/supply imbalance currently on oil is NOT going to be
resolved with a 10 or even 15 million barrel cut in daily
production as demand has fallen ever more. Further, who's
going to agree to the cuts and then who will enforce? Make
sure you trail up stops as the oil market was jawboned higher last
week without any cuts yet in place.
The demand/supply imbalance currently on
I knew the Nonfarm Payroll record decline released this morning ...
Posted by steve on 4th of Apr 2020 at 10:22 am
The demand/supply imbalance currently on oil is NOT going to be resolved with a 10 or even 15 million barrel cut in daily production as demand has fallen ever more. Further, who's going to agree to the cuts and then who will enforce? Make sure you trail up stops as the oil market was jawboned higher last week without any cuts yet in place.
https://oilprice.com/Energy/Energy-General/The-OPEC-
Meeting-Could-Send-Oil-Prices-
Crashing-Below-10.html
Land Oil Storage (UAE Full)
Posted by steve on 4th of Apr 2020 at 05:29 pm
https://www.hellenicshippingnews.com/uaes-fujairah-oil-storage-tanks-at-full-capacity-industry-trade-sources/
Some tankers will have multi dollar dividends for this quarter.