Thanks @ron99. Very Interesting seeing in practice what you hear about on paper.

I'm such a dumbass - listening to John Bougearel at TST, /CL production freeze does not mean cut or increase. It appears the rest of the world does not seem to understand that.

Again, this coming weekend should prove to be interesting

-William

Investors on Edge Ahead of Oil Producers? Doha Meeting - WSJ



-William

EDIT

If you want to read the article cut and paste the below in Google search/ Firefox - it worked for me

Investors on Edge Ahead of Oil Producers’ Doha Meeting

Wondering what your thoughts are on this question, as more recently John Kemp has been pushing the idea. He has posted this image several times too:

Quoting 

A record number of rigs are drilling for oil and gas on the Arabian peninsula even as drilling in the rest of the world tumbles in response to low prices. There were almost 290 rigs active in Saudi Arabia and the neighboring states of Kuwait, the United Arab Emirates and Oman in March, according to oilfield services company Baker Hughes. The rig count has increased by 50 since oil prices started to fall in mid-2014 and has almost doubled over the last five years

Arabia sees record oil and gas drilling as rest of world slumps: Kemp | Reuters

CobblersAwls 

Brent Contango near an end?

Given that the next 12 spreads still average 30c contango each I think the answer is no.
I dont trade Brent but would wonder whether the June loading program is smaller than usual/expected.

@CobblersAwls @ron99 @SMCJB very good info thank you

-William

CobblersAwls 

Brent Contango near an end?

SMCJB 

Given that the next 12 spreads still average 30c contango each I think the answer is no. I dont trade Brent but would wonder whether the June loading program is smaller than usual/expected.

I asked two guys who trade Brent/WTI and both said North Sea Maintenance

Quoting 

Just to note last 2 OPEC meeting w/ no agreement resulted in a $7 (in 1 day) and $6 (in 2 days) drop respectively

No Agreement on Oil Freeze at Doha Meeting, Officials Say

No Agreement on Oil Freeze at Doha Meeting, Officials Say - WSJ
https://www.cnbc.com/2016/04/17/doha-oil-producers-meeting-ends-without-an-agreement.html