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TradingBabyishere

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TradingBabyishere

Re: totffe post# 701

Thursday, 04/09/2020 10:54:37 AM

Thursday, April 09, 2020 10:54:37 AM

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The cut seems impressive but as previously stated, it wasn’t nearly enough. The Saudis basically cut 1.5mbpd which is not even close to what is needed.

Add up the rest and you’ve got a huge gap still to fill.

The storage will still fill to 100% in May.

https://oilprice.com/Energy/Energy-General/Saudi-Arabia-Could-Cut-Up-To-4-Million-Bpd.html
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