Waiting for Trump’s follow-up tweet in three, two
Tom KirkmanIndependent Project Manager
Waiting for follow up tweet from Trump in 3 … 2 …
Tom KirkmanIndependent Project Manager
FROM THE THREAD
Tom's notes 2
Update:
====================================The latest of those reports says that OPEC and non-OPEC are set to stick to the production cuts through the end of 2018, but will be ready to “adjust” supply to address possible shortages.
The group of producers part of the pact “is not ready yet to fully lift controls,” a Gulf source familiar with the Saudi thinking has told Reuters, adding that “it is going to be a long-term cooperation for the sake of a stable oil market.”
... OPEC’s Secretary General Mohammad Barkindo said:
“With the Declaration of Cooperation, we have initiated a new era in international energy collaboration, the likes of which the world has never seen before. What is required is to build upon this model process. We must institutionalize it and expand it even further for a sustainable market stability beyond the short term.”
Update:
====================================The latest of those reports says that OPEC and non-OPEC are set to stick to the production cuts through the end of 2018, but will be ready to “adjust” supply to address possible shortages.
The group of producers part of the pact “is not ready yet to fully lift controls,” a Gulf source familiar with the Saudi thinking has told Reuters, adding that “it is going to be a long-term cooperation for the sake of a stable oil market.”
... OPEC’s Secretary General Mohammad Barkindo said:
“With the Declaration of Cooperation, we have initiated a new era in international energy collaboration, the likes of which the world has never seen before. What is required is to build upon this model process. We must institutionalize it and expand it even further for a sustainable market stability beyond the short term.”
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