Discover and read the best of Twitter Threads about #OPEC

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#Libia 2 (la vendetta)

Gomez: ‘Salvini non è fascista, semmai è come Berlusconi. La Libia può fargli perdere elezioni’. Botta e risposta con Giannini

ilfattoquotidiano.it/2019/04/12/gom…
#Libia, acqua sporca e civili in fuga dalla guerra: #Oms teme epidemie

tgcom24.mediaset.it/mondo/libia-ac…
#Libia, quasi 10mila sfollati da inizio scontri. Calma a #Tripoli

tg24.sky.it/mondo/2019/04/…
Read 115 tweets
$CL_F Oil continued to rise this week delivering the longest winning streak since November 2017. Brent prices increased more than 30% year-to-date as #OPEC+ continued to cut supply for 4 months in a row and optimism over USA-China #tradetalks helped to buoy the demand outlook ...
... Supply risks from Venezuela and Libya, both exempt from #OPEC+ strategy, are mounting. In Venezuela, power failures that plagued the country last month were said to have briefly slashed crude output by half. In Libya, tensions are rising as military leader ...
... Khalifa Haftar ordered his forces to advance on Tripoli on Thursday. Quite interestingly, oil prices continued to rise despite the second consecutive unexpected increase in US #crude #oil stockpiles. Going forward, our strategists think that with the prospects for a ...
Read 4 tweets
THREAD: We wrapped @Davos #WEF19 today & I want to share my thoughts on the mood this year. Discussions focused on geopolitical & economic risks to the energy sector, #climatechange, optimism abt the pace & promise of technological innovation & outlook for clean energy.
Compared to 2018, the economic mood @Davos was more grim & subdued. Ongoing US-China trade dispute weighed heavily.. Many expect some resolution before March 2 deadline, but thorny issues in relationship will persist & China digging in for long-term. Brexit added to worries.
Last year’s lamenting by world leaders that the U.S. had withdrawn from the Paris climate agreement were replaced w/ deep concern that the U.S. has exited the world stage completely.
Read 28 tweets
OPEC Meeting: Russia, Saudi-Led Group Backs Crude Oil Production Cut, But No Deal On Size investors.com/news/opec-meet… via @IBDinvestors
#SaudiArabia 🇸🇦 CP MbS is the defacto head of #OPEC
reuters.com/article/us-oil…
Read 3 tweets
#WTI #USOIL

404 - barrel bottom not found
$54 triggers #OPEC #FOMO 💩
#WTI #USOIL

Brutal
Read 4 tweets
Thread
Comments by Paal Kibsgaard, Schlumberger Chairman & CEO
1- "Still, the well-established market consensus that the #Permian can continue to provide 1.5 million barrels per day of annual production growth for the foreseeable future is now starting to be called into question"
2- "In fact, so far in the third quarter, the hydraulic fracturing market has already softened significantly more than we expected in spite of the overall rig count holding up relatively well."
3- "Still, what is already clear is that unit well performance, normalized for lateral length and pounds of proppant pumped, is dropping in the Eagle Ford as the percentage of child wells continues to increase."

#Oil #Permian #EagleFord #shale
Read 13 tweets
ABD'nin ozellikle son donemde S.Arabistan, #Iran uzerinden sert bir dille verdigi tum mesajlarin altinda ki asil hedefi #Çin'dir..

Daha dogrusu petro-dolar ile petro-Yuan arasinda yasanan amansiz savaş..

Bu konuyu tum ayrintilariyla irdeleyerek
🔻#FLOOD'umuza🔻 baslayalim.
1-Çin ile ABD arasında yaşanan ekonomik hegemonya savaşı, 2018 yılının başlarından itibaren yeni ve daha etkili bir evreye girdi. 2000’lerden bu yana dünya hegemonyasında ekonomik üstünlüğü ele geçirmiş olan Çin, bu hegemonyasını pekiştirecek yeni adımlar attı.

#KiminBaşarısı
2-Trump,  Mart ayının ilk günlerinde, “çok aptalca olan ticaret anlaşmaları ve politikaları nedeniyle”, ABD’nin yıllık 800 milyar$ bütçe açığı verdiğini ve buna bir son vereceğini söyledi. Ardından, çelik ithalatına %25, alüminyum ithalatına ise %10 ek gümrük vergisi getirdi..
Read 65 tweets
WEDNESDAY MORNING: Once again. Too much to explain, so best to sum up.

First off, #OPEC and its rapidly disintegrating deal, and Trump's part in that as well. #OOTT #Iran
As is known, #Trump went out again on oil prices this morning - a week before the #OPEC deal that ratchets up, again, the tensions on whether #OPEC will do anything (which they're likely to do).
But figures we have show Saudi Arabia/Russia are already abandoning - or at least pulling away from - the deal. #OPEC #OOTT

13 Jun - RTRS - RUSSIA'S OIL PRODUCTION STOOD AT 11,1 MLN BARRELS PER DAY FROM JUNE 1-12, HIGHER THAN A QUOTA SET BY OPEC+ OIL CUT DEAL - TWO SOURCES
Read 31 tweets
Thread....
What is the size of the global #oil spare production #capacity?
1- Spare capacity doesn't matter, what matters is the "effective spare capacity", which is what you can bring on line within 90 days of crude quality that buyers are willing to buy.

#OPEC
2- therefore, there are three conditions:
a- Supply: has to be produced within 90 days
b- Demand: Buyers are willing to buy it: crude quality and price wise
c- Delivery: Ability to deliver to byers. Stranded #oil production with no pipeline to transport should not be counted,
3- Effective spare capacity can be maintained for a long period if needed. Here we have to distinguish between "effective spare capacity" and "surge capacity." If those countries have to increase production only for few days, they can use surge capacity, which is way higher
Read 8 tweets

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