Possible H&S printing on the back of deteriorating fundamentals.
Iran pumped its most crude oil in almost 2 years, while Russia also boosted output again, latest
@PlattsOil
#OPEC+ survey finds #OOTT
@eklavyagupte
Oil drumOPEC pumps 25.28 mil b/d, non-OPEC allies add 13.21 mil b/d
Oil drumCompliance 111%, boosted by extra Saudi cut
oil wavering
it's been over a month i expect a oil correction
so i'm really excited
saudis are doing deep production cuts, but that's eating up their revenue:
saudi GDP Q1 21 -3% YoY
saudi arabia must sell
i don't know how long the saudis can hold
iran is hedged below $44 US shale producers hedged below $40.
Down we go.
Iran pumped its most crude oil in almost 2 years, while Russia also boosted output again, latest
@PlattsOil
#OPEC+ survey finds #OOTT
@eklavyagupte
Oil drumOPEC pumps 25.28 mil b/d, non-OPEC allies add 13.21 mil b/d
Oil drumCompliance 111%, boosted by extra Saudi cut
oil wavering
it's been over a month i expect a oil correction
so i'm really excited
saudis are doing deep production cuts, but that's eating up their revenue:
saudi GDP Q1 21 -3% YoY
saudi arabia must sell
i don't know how long the saudis can hold
iran is hedged below $44 US shale producers hedged below $40.
Down we go.