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  • OPEC+ members agree to cut output by 23% in May-June: Delegate

Added at 1:47pm

Added at 1:47pm

  •  Guest
  • | IP XX.XXX.12.100
23%= bpd?
No cut now only in May-June? LOL
So what does that translate into bpd?
Quoting armaros
No cut now only in May-June? LOL
April already started and prices were already set up for the month they can't just change it at a whim.
The solution is (x).
By the time someone finds out how many barrels is 23% will be to late to do something
Quoting Guest
23%= bpd?
23% from 11mln?
Almost 2,6 mln only, that they wanna cut
Quoting Guest
23%= bpd?
2.5 mbpd cut only
Quoting hilmansyah
{quote} 2.5 mbpd cut only
Response WTI and brent is down, can it go up in future?
80% long on wti, offffff
Is it over, or they still talking ?
To be honest, trading oil in a hope that OPEC will reach an agreement is like gambling.
Quoting mga35
To be honest, trading oil in a hope that OPEC will reach an agreement is like gambling.
hmmmm it's the opposite when you think about it
Quoting mga35
To be honest, trading oil in a hope that OPEC will reach an agreement is like gambling.
Not gambling, it was a fund, it was a game, they don't allow buyers to make profits simply, 10bpd is not low, 5bpd other countries but OPEC, in total 15M Bpd, I think it will go up above 30$ on Monday.
Quoting sadeghi
{quote} Not gambling, it was a fund, it was a game, they don't allow buyers to make profits simply, 10bpd is not low, 5bpd other countries but OPEC, in total 15M Bpd, I think it will go up above 30$ on Monday.
Can you expand? It sounds to me as if they've acheived a token effort, if that. Only a c.2.5mbpd cut, no?
Total OPEC+ otput is around 40M bpd. 23% would be about 9M bpd.
Quoting ww3361
{quote} Can you expand? It sounds to me as if they've acheived a token effort, if that. Only a c.2.5mbpd cut, no?
They considered previous level before raising productions, it means OPEC members cut about 10M, now we should wait for tomorrow, if the other countries cut above 5M, it will open with a positive gap on Monday.
Quoting sadeghi
{quote} They considered previous level before raising productions, it means OPEC members cut about 10M, now we should wait for tomorrow, if the other countries cut above 5M, it will open with a positive gap on Monday.
Thanks for explaining. I can't see the rest of the world quickly falling in line over the Easter weekend. You're talking about weeks of negotiating to be done. Can't see it happening.
now that the major economies have agreed on the oil price , the seasonal flu know to ordinary people as corona virus is over.
I think G20 ready to announce something. Going long on oil over weekend.
Quoting Jr123
I think G20 ready to announce something. Going long on oil over weekend.
Nonsense. I'm sensing rain.
Just wait and see for tomorrow.
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