Russia Sees Gradual Easing of Oil Production Cuts After OPEC Meeting

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  • 14 Jun '18 at 5:17 pm #17038
    TradersCom
    Keymaster

    …

    [article]868[/article]

    14 Jun '18 at 10:58 pm #17049
    TradersCom
    Keymaster

    Crude oil future settle $66.89 Up 0.38% or $0.25
    High $67.16
    Low $66.36.

    17 Jun '18 at 1:26 am #17071
    TradersCom
    Keymaster

    Ahead of Next week’s OPEC

    “RUSSIAN ENERGY MINISTER NOVAK ON A WORKING TRIP TO SAUDI ARABIA: ENERGY MINISTRY” via @Lee_Saks

    21 Jun '18 at 9:43 pm #17127
    TradersCom
    Keymaster

    Saudis talking up demand and Shale slacking off…

    Saudi energy minister via Reuters

    If not action taken, the demand will outstrip demand
    Demand in the 2nd half of 2018 will be 2 million barrels per day more than the 1st half of the year.
    If we took no action, the supply deficit in H2 could rise to unacceptable high figure of 1.7 million BPD
    Expansion of shale oil will slow significantly over the next 2 years

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