Saturday, March 28, 2020

Notes From All Over -- Early Morning Saturday Edition, Continued -- March 28, 2020


The #1 source for US imported oil is Canada. It will be interesting to see what happens if that supply is interrupted for any reason.

Now, we get this:

Coordinated output levels? What's that supposed to mean? A cartel?

Let's wait until April 15, 2020, to see if Saudi Arabia is actually able to follow through on its rhetoric. The tea leaves suggest not, and Russia says it now has no plans to increase production (or at least that was the last thing I read two days ago).

No comments:

Post a Comment