Unleash the rumor mill!
Ironies, cartels and trade wars.
“We as Iran, and I hear Iraq and Venezuela, are against any increase in OPEC production.”
A listless Tuesday.
“No good and will not be accepted!”
Food for thought.
And that’s the week.
“Loud and clear”.
Or at least “loud.”
“And this current rally likely has room to run, particularly from a returns perspective, as the current fundamental backdrop for oil is now more bullish than we had expected as strong demand now faces supply disappointments.”
I mean, I guess you never know.
If you do the math there, that means that in the space of just two years, there was a ~$400 billion decline in reserve accumulation from oil exporters. That’s “QT” – depending of course on what they’re accumulating.
Aaaand that’s the week, folks.
What. The. Actual. Fuck?
“…one very good reason to deepen its ongoing cooperation with OPEC.”