Some People Are Suggesting Next OPEC Meeting Needs To Be Held In D.C. -- June 30, 2018

From twitter today:

Current OPEC+ increase: I believe it's about 750,000 bopd. That won't amount to nearly enough to offset all the curtailments worldwide.

Two million bopd is a start. The big question: can Saudi Arabia increase output by that much and export that much to the US? Right now, Saudi Arabia is exporting about 800,000 bopd to the US. The US has imported 2 million bopd from Saudi Arabia on only a couple of occasions, back in 2003.

We'll see Monday what traders think of this. Futures will start trading 6:00 p.m. EDT, Sunday evening.