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Iran deal impact on oil prices?
Posted on 5/8/18 at 11:33 am
Posted on 5/8/18 at 11:33 am
What's the outlook here?
4
Posted on 5/8/18 at 11:40 am to tiggerthetooth
Depends on what Trump announces. Market has been going nuts with like 3 different conflicting reports in last 2 hrs.
Posted on 5/8/18 at 1:54 pm to tiggerthetooth
Job securitaaaayy 
Posted on 5/8/18 at 2:43 pm to tiggerthetooth
Gonna be going up up up up... Shale won't be able to keep it under control IMO.
You're looking at 500,000 bpd to replace pretty quickly...and we are already seeing big issue/bottlenecks. Pipeline capacity, infrastructure and others that I am personally accustomed to at this point, pumping horsepower and sand.
Offshore/OPEC will have to make up that difference and that'll have to include the meteoric decline of Venezuela.
You're looking at 500,000 bpd to replace pretty quickly...and we are already seeing big issue/bottlenecks. Pipeline capacity, infrastructure and others that I am personally accustomed to at this point, pumping horsepower and sand.
Offshore/OPEC will have to make up that difference and that'll have to include the meteoric decline of Venezuela.
This post was edited on 5/8/18 at 2:44 pm
Posted on 5/8/18 at 2:46 pm to tiggerthetooth
WTI will pop up over $70 tomorrow. This is a mere flesh-wound to the market and will prove to be inconsequential. Iran is a pimple on the arse of mankind.
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