OPEC to Cut Production
OPEC oil ministers agreed to a deal to cut oil production by 1.5 million bpd (barrels per day).
Some hawks in the 11-nation Organization of Petroleum Exporting countries, which controls around a fifth of world supplies, had been advocating a bigger cut still.
But after a series of bilateral meetings Tuesday in luxury hotel suites across Vienna, hawks like Qatar and Iran — who wanted a 2 million bpd reduction — were ready to accept a lower figure.
«The cut is not going to have a negative impact on consumers,» said Leo Drollas, chief of the London-based Centre for Global Energy Strategies. «It's not too bad. It could have been worse.»
The United States and the European Union had urged producers to make only a modest reduction.
After the deal U.S. light crude eased 54 cents a barrel to $29.75. London Brent blend lost 51 cents to $25.00.
«This agreement will keep oil prices stable and not harm producers or consumers,» said Libya's OPEC representative Ahmed Abdulkarim.
не силён я в скоропечатании...
со слуха могу устно перевести в моменте...
главное успеть вовремя…
He hope we are not the only ones who find it oddly confusing that moments after the WSJ reported that the UAE, supposedly speaking on behalf of the Saudis, said OPEC is «ready to cooperate on a production cut», the very same WSJ writes that the «story may be bogus.»
From the WSJ:
Yes, it may very well be bogus, and no, it has nothing to do with operators pouncing, and everything to do with the latest violent short squeeze, one which was accelerated by frontrunning algos which swept away all the offers for minutes.
We expect the Saudis to chime in momentarily and explain how everyone got punked by the latest «OPEC headline» for the 6th time.
Может ждали 2 млн. а получили 1.5 только, из которых реально соблюсти только 1. И соотв. реакция медвежья будет…
все это хуета!
там были явные политические цели и упирались только сауды
«Что было, то и будет; и что делалось, то и будет делаться, и нет ничего нового под солнцем.»