Senior Research Analyst @energyintel: covering #OPEC, Middle East energy & geopolitics. Award winning journalist, Ex-Reuters. abakr@energyintel.com
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May 2 • 5 tweets • 1 min read
A few things on the opec plus voluntary cuts that under the current agreement expire by the end of Q2. NO DECISION privately or publicly has been made on whether or not the cuts will be extended or not. #OOTT #Opec
What does the market/ traders expect? The majority seem to think the cuts will be extended. #OOTT #Opec
Apr 2, 2023 • 4 tweets • 2 min read
Summary of the voluntary cuts:
RUS: 500,000
SAUDI ARABIA: 500,000
IRQ: 211,000
UAE: 144,000
KWT: 128,000
KZT: 78,000
Oman: 40,000
Algeria: 48,000 #OOTT#OPECtwitter.com/i/web/status/1…
Wait for more countries to announce tonight… #OOTT
Apr 2, 2023 • 7 tweets • 4 min read
Breaking news: Saudi Arabia will implement a voluntary cut of 500 thousand barrels per day from May till the end of 2023 in coordination with some other OPEC and non-OPEC Participating Countries in the Declaration of Cooperation. #OOTT#opec
The UAE will implement a voluntary cut of 144k from May until the end of 2023 #OOTT#opec
Jun 12, 2022 • 5 tweets • 3 min read
Now let’s talk about the oil price. Biden is blaming the oil industry for the high prices he said “Exxon made more money than God” this year and aren’t drilling/ investing to keep prices high. #OOTT#US
First of all, investing in upstream today doesn’t mean that you immediately get an increase in capacity it takes time. Previous pressure to speed up the energy transition also prevented funding to reach the upstream industry. #OOTT
Jun 12, 2022 • 5 tweets • 3 min read
Just had a horrible experience with the ground staff from @qatarairways. It’s completely unacceptable to stop me from taking a flight when I checked with the airline and the immigration authorities prior to booking that I can get a visa on arrival as a member of the media.
.@qatarairways you should check the competency of your staff and ability to read in both English and Arabic. Moreover I expect a FULL refund of the flight you made me miss.
Dec 3, 2021 • 8 tweets • 3 min read
Why did opec plus decide to rollover policy keeping the 400k increments? 1. Think about it, over the past months the group has not been delivering the 400k anyway due to some countries not delivering their quotas, so the supply they promised to the market isn’t fully back. #OOTT2. All countries that have spare capacity in the group wanted to increase production, that’s why the meeting was very smooth and consensus was reached fast. #OOTT
