r2d2 Posted April 15, 2020 Report Posted April 15, 2020 The Art of oil deal This weekend's 11th hour decision to cut OPEC oil output by 23% was supposed to end the oil price war between Saudi Arabia and the rest of OPEC+, but it appears Saudi Arabia did not get the memo. meanwhile.. Thaatha touts he brokered a great deal .. like never before.. as usual ..😀   Quote
TrollBait Posted April 15, 2020 Report Posted April 15, 2020 thatha is no.1 loser deplorables also didn't get the memo. Quote
Hitman Posted April 15, 2020 Report Posted April 15, 2020 3 minutes ago, r2d2 said: The Art of oil deal This weekend's 11th hour decision to cut OPEC oil output by 23% was supposed to end the oil price war between Saudi Arabia and the rest of OPEC+, but it appears Saudi Arabia did not get the memo. meanwhile.. Thaatha touts he brokered a great deal .. like never before.. as usual ..😀   There was a deal. Now that whole world sitting home not using automobiles demand is near ZERO. as world opens up you will see oil going up, till then RED. Quote
r2d2 Posted April 15, 2020 Author Report Posted April 15, 2020 7 minutes ago, Hitman said: There was a deal. Now that whole world sitting home not using automobiles demand is near ZERO. as world opens up you will see oil going up, till then RED. In that case there was no need for a deal now, right? There are better things to focus on ... Quote
VictoryTDP Posted April 15, 2020 Report Posted April 15, 2020 3 minutes ago, r2d2 said: In that case there was no need for a deal now, right? There are better things to focus on ... Thaatha loves oil and oil loves thaatha Quote
tom bhayya Posted April 15, 2020 Report Posted April 15, 2020 19 minutes ago, r2d2 said: The Art of oil deal This weekend's 11th hour decision to cut OPEC oil output by 23% was supposed to end the oil price war between Saudi Arabia and the rest of OPEC+, but it appears Saudi Arabia did not get the memo. meanwhile.. Thaatha touts he brokered a great deal .. like never before.. as usual ..😀   Quote
Hitman Posted April 15, 2020 Report Posted April 15, 2020 7 minutes ago, r2d2 said: In that case there was no need for a deal now, right? There are better things to focus on ... Latest cuts will be effective May. Deal is required. Oil runs the whole world economy. Oil is also to look at it now. Quote
Android_Halwa Posted April 15, 2020 Report Posted April 15, 2020 17 minutes ago, Hitman said: There was a deal. Now that whole world sitting home not using automobiles demand is near ZERO. as world opens up you will see oil going up, till then RED. The reserves are full, refineries are buying oil and literally storing everywhere they can..All crude containers are now filled to the brim and some countries are storing oil in containers offshore... Even after the markets open up, there is enough fuel to be burnt for the price to go up, and Venezuelan and Iranian oil is now restricted and imagine if the oil that would be available if these two start pumping too 1 Quote
Android_Halwa Posted April 15, 2020 Report Posted April 15, 2020 It will take a while but sure the sweet spot is $60, just enough for American oil to be profitable and huge margins for others.. 2 Quote
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