Tea Leaves: EIA Was Correct -- OPEC+ Will Fail To Agree On Production Cut Deal -- Mexico Will Be Blamed -- April 12, 2020

Updates

April 12, 2020: never mind. A deal was announced.

Original Post

We'll see.

Since April is already here and the surge has already begun, there's no urgency to get a deal done today. MBS could easily call the whole thing off. After all, it wasn't his idea in the first place to hold the meeting. Maybe the US senators telephoning OPEC+ during the meeting backfired.

Exploding heads at eleven.

I'll be off the net for awhile.