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The SEA of Hopes and ATRIUM of Surprises Post Reply Rate topic
bishan22 Supreme	17-Feb-2016 18:19        bishan22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wayang again for WTI to shoot back and fall again....   Qatar&rsquo s energy minister and current OPEC President Mohammed al-Sada is heading to Tehran Wednesday to discuss a plan to cap crude production with ministers from Iran, Venezuela and Iraq, people familiar with the matter said. The meeting was scheduled to start at 2 p.m. local time in Tehran, or 5:30 a.m. Eastern Time, and the president of the Organization of the Petroleum Exporting Countries is hopeful that Iran will agree to join a coordinated move by OPEC and producers from outside the group to freeze their production at the January levels, the people said.
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sheerluck Supreme	17-Feb-2016 18:17        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	US shale coy are not stated-owned is the problem SA faced in orchesting a coordinated cut.  These producers need to listen to anyone except their own pocket. sriramanv      ( Date: 17-Feb-2016 18:09) Posted: This is definitely a game change... The next i expect the US producers to come to some agreement to cut the shale production to make the price to go higher. If this happens, SA and Russia will start getting their market share back...
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earlybird14 Supreme	17-Feb-2016 18:15        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	No need. They are dying, same as oil sand at canada. Shale oil and gas boom is one time off game play. After this round, banks won't anyhow loan money, they are also suffering to clear those bankruptcy debt now. sriramanv      ( Date: 17-Feb-2016 18:09) Posted: This is definitely a game change... The next i expect the US producers to come to some agreement to cut the shale production to make the price to go higher. If this happens, SA and Russia will start getting their market share back...
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sriramanv Master	17-Feb-2016 18:09        sriramanv About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is definitely a game change... The next i expect the US producers to come to some agreement to cut the shale production to make the price to go higher. If this happens, SA and Russia will start getting their market share back...
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earlybird14 Supreme	17-Feb-2016 17:50        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Russia and saudi willing to compromise to freeze is a good start. Once they see the mutual benefit they will be more corporate. Game change
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jazzietan Veteran	17-Feb-2016 14:33        jazzietan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Doom liao...iran shot it down jazzietan      ( Date: 17-Feb-2016 14:17) Posted: Later boom or doom......all eyes on iran
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jazzietan Veteran	17-Feb-2016 14:17        jazzietan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Later boom or doom......all eyes on iran
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victortan Elite	16-Feb-2016 23:25        victortan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hit n run, make some money, wait n see on the side liao.
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teeth53 Supreme	16-Feb-2016 22:41        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Doing nothing is like awaiting who die first...:( teeth53      ( Date: 16-Feb-2016 20:46) Posted: Freezing. Yes. U are on track...things is looking better then waiting, doing nothing and causing their price asset oil money to dry up n nation to collapse. I don't think they like such idea to toy with. happyharvest      ( Date: 15-Feb-2016 03:01) Posted: hmmmm  " Have we got to the point where we can say there is a definite strategy? In terms of production reduction or freezing, no, I don' t think we have got there. But there is a lot of energy (behind the idea)," Kachikwu said.
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teeth53 Supreme	16-Feb-2016 22:37        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Stablizing oil prices for the benefit of oil producers (as far as oil price is concern, enemies is left temporary on the shelf). At least $30 - $40 range? for oil producers to gain each others trust first.
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Lucky03 Elite	16-Feb-2016 22:13        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Iraq ready to freeze production at Jan levels pending deal -source Reuters 16 mins ago BAGHDAD (Reuters) - Iraq is ready to commit to freezing its oil production at January levels if a deal is reached among OPEC and non-OPEC countries, an Iraqi oil ministry source said on Tuesday. "Iraq is with any decision that contributes to propping up oil prices," the source said. Top oil exporters Russia and Saudi Arabia agreed on Tuesday to freeze output levels but said the deal was contingent on other producers joining in, which could prove a major sticking point with Iran absent from the talks and determined to raise production.
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jazzietan Veteran	16-Feb-2016 21:48        jazzietan About Contact  Quote this Post!
x 0   x 1  Alert Admin	No nd think long term now, just swing it...not only oil, same to stocks & gold. Haha yNotcool      ( Date: 16-Feb-2016 21:47) Posted: what is the probability that iran and iraq will agree on the production freeze when they meet in venezuela on wednesday? hahaha
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yNotcool Member	16-Feb-2016 21:47        yNotcool About Contact  Quote this Post!
x 0   x 0  Alert Admin	what is the probability that iran and iraq will agree on the production freeze when they meet in venezuela on wednesday? hahaha
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happyharvest Elite	16-Feb-2016 21:17        happyharvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	SA is playing for long term. the fittest survive I guess. teeth53      ( Date: 16-Feb-2016 20:46) Posted: Freezing. Yes. U are on track...things is looking better then waiting, doing nothing and causing their price asset oil money to dry up n nation to collapse. I don't think they like such idea to toy with. happyharvest      ( Date: 15-Feb-2016 03:01) Posted: hmmmm  " Have we got to the point where we can say there is a definite strategy? In terms of production reduction or freezing, no, I don' t think we have got there. But there is a lot of energy (behind the idea)," Kachikwu said.
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happyharvest Elite	16-Feb-2016 20:50        happyharvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	is like a soap opera.. each actors singing different or same tune. The real purpose of this secret meeting, immediately after Iran announce prod output reach 400K is most likely to prevent Iran to reach their production and export goals. we shall see what Iran will response. Maybe delaying tactics or plain rejection. Will Iran cooperate to freeze?  sriramanv      ( Date: 16-Feb-2016 20:36) Posted: Now Iran will come and say NO to production freeze will send back oil to 25-26$....wait for the next rumours ...
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teeth53 Supreme	16-Feb-2016 20:46        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Freezing. Yes. U are on track...things is looking better then waiting, doing nothing and causing their price asset oil money to dry up n nation to collapse. I don't think they like such idea to toy with. happyharvest      ( Date: 15-Feb-2016 03:01) Posted: hmmmm  " Have we got to the point where we can say there is a definite strategy? In terms of production reduction or freezing, no, I don' t think we have got there. But there is a lot of energy (behind the idea)," Kachikwu said.  Lucky03      ( Date: 15-Feb-2016 00:35) Posted: OPEC members increasingly keen to end oil glut - Nigeria oil minister Reuters 11 mins ago By Julia Payne ABUJA (Reuters) - The mood inside the Organization of the Petroleum Exporting Countries (OPEC) is shifting from mistrust to a growing consensus that a decision must be reached on how to end the global oil price rout, Nigeria's oil minister told Reuters. Oil prices have slumped by more than 70 percent to near $30 a barrel over the past 18 months as OPEC, led by top producer Saudi Arabia, sought to drive higher-cost producers out of the market by refusing to cut production despite a supply glut. The price crash has crippled some economies that depend heavily on oil sales for income, such as Nigeria and Venezuela, and even Saudi Arabia is shoring up its resources to withstand the painful revenue drop. "There's increased conversation going on. I think when we met in December ... they (OPEC members) were hardly talking to one another. Everyone was protecting their own positional logic," Nigerian oil minister Emmanuel Ibe Kachiwku told Reuters in an interview. "Now I think you have cross-logic ... they are looking at what are the deficiencies, what is the optimum." Struggling oil producers have made repeated calls for an emergency OPEC meeting, but Kachikwu said that the timing had not been right. The cartel's next regular meeting is in June. "We haven't been sure that if we held those (emergency) meetings that we could actually walk away with some consensus," Kachikwu said. "A lot of barrels are tumbling out of the market from non-OPEC members, so the Saudi philosophy is obviously working. But it's not influencing the price higher, which means that whether we like it or not some barrels are coming in from ... members and non-members to cover whatever is dropping out." IEA WARNING The International Energy Agency said on Jan. 19 that oil markets could be oversupplied by as much as 1.5 million barrels per day in the first half of 2016 and warned that prices could decline further as Iran's emergence from economic sanctions brings more crude to the market. OPEC has declined to trim output without help from non-members, which so far have refused to participate. Russia, the world's biggest oil producer, has played coy by floating the idea of a cut without saying whether it would participate. In an attempt to find a compromise, Venezuela's oil minister recently proposed a freeze on new production to place a cap on the growing glut while not requiring countries to surrender market share. Kachikwu said that he would meet his Qatari and Saudi counterparts next week to discuss the situation. "Have we got to the point where we can say there is a definite strategy? In terms of production reduction or freezing, no, I don't think we have got there. But there is a lot of energy (behind the idea)," Kachikwu said. "As you get closer to the statutory (OPEC) meeting dates ... you are going to see a lot more people get active in those conversations and try to find solutions."
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sriramanv Master	16-Feb-2016 20:36        sriramanv About Contact  Quote this Post!
x 0   x 0  Alert Admin	Now Iran will come and say NO to production freeze will send back oil to 25-26$....wait for the next rumours ...
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jazzietan Veteran	16-Feb-2016 20:05        jazzietan About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is truth. Market manipulated by Bbs. All start blame prc slowdown, but demand still increase, just that much lower pace. I believe they want to push price down create fear...those shaky will sell cheap lor earlybird14      ( Date: 16-Feb-2016 19:20) Posted: Market is manipulated by funds. Gs will be happy to be the first to push price down when there is a chance. See how is eia report. Us import 1mio bpd less in last week. Import less or other export less? Especially oil from canada oil sand. sheerluck      ( Date: 16-Feb-2016 18:54) Posted: I don' t know which reason.  Whether SA and Russian cannot tahan the low oil price already or they felt that the US shale reaching level that can now let they pull some policy lever.  However, it seems market is rather impatient and do not like the freeze.  Oil price dropped $1.5 from peak and is now back to square one before the anticiapated SA-Russia meeting. But SA willingness to talk to Russia means something.  Jst not enough for the market I suppose.
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n2e9w0 Member	16-Feb-2016 19:40        n2e9w0 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Freeze is not a good thing... everyone expects them to cut instead.... given that every single day there is a excess of oil in the world...even if there is a freeze in oil production... the extra supply of oil will only accumulate. Just this week, Iran started to export its oil to the market... more supply coming from Iran... n the peak peak of oil demand in US is over because of the weather... China is shifting from manufacturing to service sector... oil demand will decrease over the next few months until perhaps june onward or OPEC (including Iran) & Russia cut production.... so we will still expect the oil price to either remains around 20-35
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earlybird14 Supreme	16-Feb-2016 19:20        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Market is manipulated by funds. Gs will be happy to be the first to push price down when there is a chance. See how is eia report. Us import 1mio bpd less in last week. Import less or other export less? Especially oil from canada oil sand. sheerluck      ( Date: 16-Feb-2016 18:54) Posted: I don' t know which reason.  Whether SA and Russian cannot tahan the low oil price already or they felt that the US shale reaching level that can now let they pull some policy lever.  However, it seems market is rather impatient and do not like the freeze.  Oil price dropped $1.5 from peak and is now back to square one before the anticiapated SA-Russia meeting. But SA willingness to talk to Russia means something.  Jst not enough for the market I suppose. earlybird14      ( Date: 16-Feb-2016 18:44) Posted: I think saudi manage to convince russia their plan. Kill all high cost producers and boost price to record high after supply demand balance. A lot canada and us shale oil and oil sand companies will be gone within 3-6 months when oil below 40. Petrobras will gone, who else? After this round oil will be over 150 within 2 years
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