tetonper + 17 DS September 19, 2019 So we are supposed to believe Saudi Arabia will be getting production back up quickly when they are out trying to buy oil already for next month deliveries? 1 Quote Share this post Link to post Share on other sites
wrs + 893 WS September 19, 2019 Here, you should link an article at least. Â https://www.today.ng/business/energy/saudi-asks-iraq-20-barrels-crude-attack-aramco-facilities-251468 1 Quote Share this post Link to post Share on other sites
Ethan Ireland + 9 EI September 19, 2019 (edited) 1 hour ago, tetonper said: So we are supposed to believe Saudi Arabia will be getting production back up quickly when they are out trying to buy oil already for next month deliveries? I think it’s fair to say the supply crunch is yet to be felt. Aramco claims production is back up to 2 million barrels per day but that is still a shortage of nearly 4 million barrels per day. Edited September 19, 2019 by Ethan Ireland 1 Quote Share this post Link to post Share on other sites
Jabbar + 465 JN September 19, 2019 23 minutes ago, Ethan Ireland said: I think it’s fair to say the supply crunch is yet to be felt. Aramco claims production is back up to 2 million barrels per day but that is still a shortage of nearly 4 million barrels per day. OLD NEWS This is old news from before the Saudis reversed their claim. Old news being published to increase oil price. Quote Share this post Link to post Share on other sites
Ethan Ireland + 9 EI September 19, 2019 1 hour ago, Jabbar said: OLD NEWS This is old news from before the Saudis reversed their claim. Old news being published to increase oil price. Saudi’s current claim is that production is back up to 2 million. The plant is to be fully operational by the end of September. If that is the truth, that still leaves a near 4 million barrel per day shortage. Quote Share this post Link to post Share on other sites
Jabbar + 465 JN September 19, 2019 (edited) 21 minutes ago, Ethan Ireland said: Saudi’s current claim is that production is back up to 2 million. The plant is to be fully operational by the end of September. If that is the truth, that still leaves a near 4 million barrel per day shortage. Aramco just denied the report. Saudi Aramco has over 90 mm bbls of oil inventory in Saudi Arabia alone PLUS storage in Rotterdam , Japan and China. Besides the rumor was not about crude. It was rumored Saudi were diverting oil from their refineries to export.  Not to replace loss of oil but to beef up revenue before forced internal IPO 25 Billion U.S. $ to give favorable balance sheet.  They would buy Iraq diesel without recording it as a financial transaction. Again, making financials look good. OPEC and Saudi production cuts are big joke. Edited September 19, 2019 by Jabbar Quote Share this post Link to post Share on other sites
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