Tuesday, January 17, 2017

Saudi's Plans For Early End Of OPEC Production Cut May Leave "Job Undone" -- Bloomberg


January 18, 2017: my thoughts on ending the production cut this summer, as scheduled at this post.  
Original Post
My thoughts exactly:

Bloomberg link here.

I might come back to this later. There are at least three possible explanations for Saudi's statement that they feel they can open the spigots this summer. 

I think Saudi is in desperate straits.

US Crude Oil Production February, 2017, Over January, 2017

+71,000 bopd more in February, 2017, than in January, 2017.  Source: EIA. See "game's on."

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