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Saudis will cut 4 mm/d if they can use April estimated 12.3 mm/d as base . LOL , too funny

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(edited)

More smoke and mirrors .  

Saudis produced 9.8 mm before OPEC deal fell apart.

Saudis say they are going to produce 12.3 in April.  That is a joke.  

Saudis say they will cut 4 mm/d if they can use inflated base.

So in reality  will cut from 9.8 mm to 8.3 or really only 1.5 mm when the surplus is estimated to be 30 mm/d.   LOL , too funny.  

First the Saudis won't get near their 12.3 estimate.

WHEN WILL PEOPLE REALIZE CUTTING PRODUCTION IS A SCAM.  THE ONLY CHANCE THEY HAVE TO CONTROL SUPPLY IS TO CUT AND ENFORCE EXPORTS.

ITS THE EXPORTS STUPID

Even is no deal signed they will have to cut production down to at least 8 mm/d .  THERE IS LITTLE STORAGE CAPACITY AVAILABLE.

MbS a big con.

By the way any word from Trump about stopping the Saudis dumping 14 mm bbls on the U.S.  that is on its way ?  

Trump better wise up.  Inaction will hurt his reelection.  Texas has no choice but to vote for him.  But if he allows Saudis and Majors to bankrupt shale it will have implications well beyond Texas

Edited by BLA

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