CONGRATULATIONS OPEC:. Looks like markets are balanced (for now) . . . . WTI $55 to $60 . . . Brent $60 to $65 .

(edited)

Until. .  .  .  .  .  .  .  .  .  ? 

* Will have to cut more during 2020 when Brazil, Norway and US will increase production between 2 to 3 mm bbls/day

* Will need to make sure Iran and Venezuela don't choose economic prosperity over sanctions.(increase 2.4 mm bbls/day)

* Will need to tell Iraq to put their plans to double production to 8 mm bbls/day then to 12 mm for 10 years on hold.

* Will need UAE and Saudis to keep supplying money and weapons to Libyan LNA to continue conflict and avoid any increase in production.

* Oh keep sucking up to Putin.  Maybe buy some more rocket launchers and other military equipment. Don't worry about Trump, you have your lapdog Jared to do your bidding. He's so malable. 

Besides that everything looks great.

LOOKS LIKE MARKETS MAY ACTUALLY BE STARTING TO PAY ATTENTION TO "FUNDAMENTALS".

THE ONLY THING THAT WORKS FOR SAUDIS IS A TANKER SABOTAGE IN THE STRAITS. .  .  .  . 

THAT ONLY PUTS A FLOOR UNDER PRICE. .  .  .  . 

THAT CAN'T LAST FOREWVER.  .  .  .   . 

CAN IT ?

 

Edited by Falcon
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