Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)

Donate Bitcoin



Donate Paypal

Page added on March 26, 2020

Bookmark and Share

US and Saudi Arabia Talk Oil Stabilization

Production

U.S. Secretary of State Mike Pompeo revealed Wednesday that he recently spoke with Saudi Crown Prince Mohammed bin Salman Al Saud and they agreed all countries need to work together to stabilize energy markets.

 

 

In a statement posted on the U.S. Department of State’s website, government spokesperson Morgan Ortagus outlined that Pompeo stressed in a phone call with the Crown Prince that the Saudis have a “real opportunity to rise to the occasion and reassure global energy and financial markets when the world faces serious economic uncertainty”.

Ortagus also stated that the secretary thanked the Crown Prince for Saudi Arabia’s “continued partnership in the face of the Iranian regime’s destabilizing regional behavior”.

Commenting on Pompeo’s tweet, Rystad Energy’s Head of Analysis, Per Magnus Nysveen, called it a promising move by the U.S. government “as they are the only diplomatic force that can influence the Saudis to take responsibility”.

“With global oversupply at 15 million barrels as we speak, pulling back the Saudi’s two million barrels of added exports is a low hanging fruit to balancing the market before we all hit the wall in about 50 days from now, when available crude storage is 100 percent full,” Nysveen added.

Jack Allardyce, an oil and gas analyst at Cantor Fitzgerald Europe said the comments suggest Washington and Riyadh are on the same page. He added that the suggestion of a collaborative approach to stabilizing oil prices is likely to be well received by a market still reeling from the breakup of the OPEC+ pact.

Paul Horsnell, the head of commodities research at Standard Chartered Bank, told Rigzone the tweet was short on specifics.

“Seems unlikely that Secretary Pompeo was offering to sign the U.S. up for an output cut, even though Secretary of Energy Brouillette did say earlier this week that some sort of U.S.-Saudi Arabian cooperation was being discussed as one of several ideas,” he stated.

“The immediate problem is that the Q2 surplus is so large, we think in the range of 13.5-20 million barrels per day, depending on the extent of U.S. shutdowns. Not much any producer can do in the face of that in the short-term, it would be better to wait until Q3 when the gap looks as if it might be more bridgeable,” he added.

“Hard to see the U.S. acting as an effective broker to effect a rapprochement between Saudi Arabia and Russia and also hard to see the U.S. participating in a direct market intervention in oil, particularly having railed against OPEC for so long. Then again, these are very strange times,” Horsnell continued.

RGIZONE



41 Comments on "US and Saudi Arabia Talk Oil Stabilization"

  1. DerHundistLos on Thu, 26th Mar 2020 7:46 pm 

    The same Saudi Arabia that recently promised to flood the market with cheap oil?

    Pompeo looks like a buffoon as well.

    Stupidity and nonsense on display.

  2. makati1 on Fri, 27th Mar 2020 5:27 pm 

    With oil demand down by at least 20%, and maybe not near the bottom, how can they possibly do anything without cutting production the same amount or more? Corporate/economic suicide by anther means? I bet Putin is laughing his ass off at both countries now. I am.

    Pompous-ass is another arrogant asshole like Trump. A warmongering bastard that will hide in a bunker if there is a real war. Put his fat ass on the front line beside Trump! LMAO!

  3. JuanP on Fri, 27th Mar 2020 6:10 pm 

    Mak, I am so glad you checked in I was worried about you.

  4. makati1 on Fri, 27th Mar 2020 6:59 pm 

    Thanks JuanP. I’m not going anywhere. The only thing I noticed lately is that the local stores are out of wine and my cellar is getting low. Ah well, I guess I have to “suffer” for this sick joke called COVID-19 with vodka and pineapple juice. Until it becomes more deadly than the normal flu, I don’t care.

    All it is killing is the world economy, and globalization. Probably a good thing. Conditioning the Western world to accept police state lock-downs as normal. Sigh!

  5. Abraham van Helsing on Fri, 27th Mar 2020 7:06 pm 

    “In Italy, cremation facilities overwhelmed by coronavirus deaths“

    https://carolynyeager.net/italy-cremation-facilities-overwhelmed-coronavirus-deaths

    One of the best arguments to defeat the holohoax.

  6. FamousDrScanlon on Fri, 27th Mar 2020 7:20 pm 

    makati1 sucks juan’s cock and begs for more as annon watches

  7. bochen777 on Fri, 27th Mar 2020 7:28 pm 

    Hey, I’m new here, but is JuanP and Mak the same person? Or are they both Davy sock puppet accounts?

  8. onlooker on Fri, 27th Mar 2020 7:29 pm 

    Yes makati, sunlight sleep and lots of Vit C and you will be just fine. The elite in the West knew the Debt Economy and Market were soon tanking, so they just gave it a little Corona jolt and came away as bandits. And now they have their police state to boot

  9. FamousDrScanlon on Fri, 27th Mar 2020 7:33 pm 

    I am new too bocken but a lot smarter than you obviously. Juan is a lunatic and Mak is his buddy. They hate Davy and troll him daily. Now go back to the moderated side where you belong.

  10. triggered and deeply lovin supremacist muzzies more oh my goodness oh my dayme burger going ham you know the differnce between a weak burger and a burger that has strength and bite the fries and the fries bite back my man daym daym daymm on Fri, 27th Mar 2020 7:35 pm 

    Bochen try muzzie cock sometime and let me know how it is. I know Mak and Juan like it so you will too.

  11. onlooker on Fri, 27th Mar 2020 7:36 pm 

    Hi Davy aka Famous, see you are continuing to try and ruin this board

  12. JuanP on Fri, 27th Mar 2020 7:38 pm 

    Cloggie, it does not look good for you in Europe and your digital infrastructure.

    Large-Scale “Internet Rationing” Possible, Experts Warn

    Netflix app downloads have exploded across Europe over the last several weeks as “Netflix and chill” “Netflix and quarantine” has been all the rage during countrywide lockdowns in Italy, France, Spain, and the UK. netflix and self-quarantine? — maura quint (@behindyourback) March 9, 2020 We noted last Thursday that Netflix had to reduce traffic to its European networks by 25% for 30 days to preserve internet functionality as streaming traffic surged among tens of millions of people in quarantine. Days after Netflix pledged to reduce streaming traffic, experts are saying that European countries could start rolling out large-scale “internet rationing” to prioritize critical apps and websites. “If we end up in a situation where worldwide, 850m children start to receive lessons virtually for an extended period of time, then networks might want to start prioritizing video traffic over gaming traffic,” said Matthew Howett, principal analyst at Assembly, who spoke with The Telegraph. British internet provider BT Group said their communication network could handle the extreme levels of data of millions surfing the internet while in quarantine. But they warned that video streaming services could start bogging down the system and leave critical networks, reserved for emergency services, exposed to slow speeds. Besides Netflix, Amazon Prime Video and YouTube are other streaming services limiting ultra-high definition videos to European users to preserve the functionality of the internet. The French and UK governments have reportedly asked Disney to suspend the launch of its new streaming service in both countries on March 24. The risk of large-scale “internet rationings” by European governments could be on the horizon as more and more people across the continent are forced to shelter in their homes. This could lead to the throttling of internet speeds for citizens while internet traffic is preserved for European healthcare systems, education systems, and emergency systems.

  13. JuanP on Fri, 27th Mar 2020 7:40 pm 

    Thank you onlooker you are a good friend like Mak. We hate Davy and troll him daily. Now go back over to the moderated side so I can harass Davy some more. If you have not figured things out yet you are kind of slow.

  14. makati1 on Fri, 27th Mar 2020 7:46 pm 

    “Why The World’s Doing A Double-Take On China’s No-New-Infections Claim”

    Still, skepticism about China’s no-new-local-infections claim is widespread, including, at least according to the anecdotal evidence, inside China. The doubt is fueled both by China’s Communist Party’s long history of propaganda and by the obvious benefits of changing the focus from the government’s initial efforts to suppress information about the coronavirus to its supposedly glorious victory over the disease crippling much of the world. “A propaganda spokesman’s job is the turn messy facts into a clean narrative,” Andrew J. Nathan, professor of political science at Columbia University and a leading China expert, said in an email. “China is trying to bury the embarrassment of the Covid-19 cover-up in a happy story of triumph over the virus. “But it feels like overreaching to say that transmission has completely stopped,” Nathan continued. “It seems that the message is political, not epidemiological.” Some reports have chipped away at least at China’s most extreme claim of success. On the very days when the national health authority was announcing that there were no new local infections, social media accounts in China were circulating photographs of “urgent notices” put up in residential areas announcing new cases and warning people to stay home. EBC News, a Taiwan cable news network, broadcast two such photographs dated March 20, which is two days after China reported there were no new local Wuhan infections. One of the notices, after announcing the new cases, read: “Do not go out, or gather, wash your hands, be careful, hold on, hold on, and hold on some more.” EBC also broadcast video of a hospital in Wuhan that it says was taken on March 19 and provided by a local Wuhan journalist. The video shows a reception area crowded with people, some of them on gurneys with IV drips, and health care workers in full protective gear, white suits, face masks and goggles. According to the Taiwan commentators, the reporter had accompanied a friend who was seeking care for his sick mother, but the hospital, while allowing patients to stay in the waiting area, was refusing to admit any of them. When the reporter asked the reason, a health worker at the hospital told him the hospital was under pressure from the central government to report no new cases. There’s no question that since Beijing began implementing strict quarantine measures to fight the virus, the Chinese propaganda machine has been in full gear, praising the Communist Party and its paramount leader, Xi Jinping, for directing an effective response to the epidemic and presenting itself as a model for the rest of the world. The overall message is that, as always, when things get tough, the Communist Party and its leaders, and only they, can be counted on for national salvation.

  15. Anonymouse on Fri, 27th Mar 2020 7:47 pm 

    onlooker, Juan and I have Davy under control so don’t worry. We stalk him any chance we get. This is our forum. You need to just stay over on the moderated side so you don’t get hurt. You are a pretty fragile guy.

  16. The Truth Shall Set You Free on Fri, 27th Mar 2020 7:49 pm 

    Juan is our leader onlooker just sit back and we will get this situation under control. We rule as a group to suppress people we don’t like. We want one voice here…ours.

  17. triggered and deeply lovin supremacist muzzies zomg lol oh my goodness oh my dayme burger going ham you know the differnce between a weak burger and a burger that has strength and bite the fries and the fries bite back my man daym daym daymm on Fri, 27th Mar 2020 7:58 pm 

    Buenos Aires Fri 9:56 pm Sunny. Warm. 79 °F
    PSA
    mating season is here, please be careful
    when supremacist muzzie says alah akbar and grab your neck he’s only wishing you good luck and health, this is actual advice.

    so be careful and look out for grater supremacist muzzies bering gifts

  18. Duncan Idaho on Fri, 27th Mar 2020 8:03 pm 

    “Trump is like a Jim Jones herding the bored and desperate Christian flock to church on Easter Sunday in the middle of a pandemic with the promise of something miraculous so they’ll get back on the wheel after Easter Monday to make the economy look good, while he stays in his White House or Florida palace as far from the riff raff and germs as he can get.

    Trump got religion after he banged Stormy Daniels. That’s about as close to a religious experience as he ever got; moaning oh gawd!oh gawd! the whole time.

    It may sound vulgar; but let’s be real about who Trump has always been and still is. A blowhard sleazebag.”

  19. The Church Lady on Fri, 27th Mar 2020 8:22 pm 

    Every insane comment and ID Theft is done by yours truly, The DavyScum. For this reason, we started a PO.com Neighborhood Watch as Anonymouse alluded. We work in teams to moderate, neuter, and exorcise The Scum parasite/demon.

  20. Timothy Blaine on Fri, 27th Mar 2020 8:28 pm 

    “We rule as a group to suppress people we don’t like.” ~~DavyScum~~

    Tears rolling down my cheeks when I read The Scum’s fake attempt to include others in his own cesspool of lies, hypocrisy, and filth.

  21. JuanP on Fri, 27th Mar 2020 8:29 pm 

    Every insane comment and ID Theft is done by yours truly, The Juanskum. For this reason, we started a PO.com Blow job Watch with my boy Anonymouse alluded. We suck in teams to moderate, neuter, and exorcise our jizz

  22. REAL Green & Davy on Fri, 27th Mar 2020 8:30 pm 

    [The Ballad of DavyScum]

    I feel scummy
    Oh, so scummy
    I feel scummy, and ugly and gay
    And I pity
    Any troll who isn’t me today

    I feel scummy
    Oh, so scummy
    It’s alarming how scummy I feel
    And so scummy
    That I hardly can believe I’m real

    See the scummy troll in that mirror there:
    Who can that scummy troll be?
    Such a lying face
    Such an ugly dress
    Such a hypocritical smile
    Such a scummy me!

  23. Timothy Blaine on Fri, 27th Mar 2020 8:31 pm 

    Juan, can I join your watch group, yum.

  24. Timothy Blaine on Fri, 27th Mar 2020 8:33 pm 

    Juan, what is this I hear your wife is a Cunt?

  25. triggered and deeply lovin supremacist muzzies zomg lol hello this is debbie this is my first attempt at eharmony i love cats i love every kind of cats i want to hug all cats but i cant hug all cats sry im being emotional i just love cats on Fri, 27th Mar 2020 8:39 pm 

    Havana * Fri 9:38 pm Passing clouds. Hot. 90 °F

    everyone meet church lady, i appointed her supertard sock supertard, her title is “the lover” (of muzzies)

  26. Duncan Idaho on Fri, 27th Mar 2020 9:16 pm 

    Americans Trapped In Nepal Frustrated With U.S. Government’s Lack Of Response

    https://www.huffpost.com/entry/americans-nepal-lack-of-response-state-department_n_5e7e54a2c5b6256a7a2a14f4

  27. JuanP on Fri, 27th Mar 2020 9:23 pm 

    Bochen, almost every comment on this side of the website is posted by Davy. He steals everyone’s identity and also uses an almost infinite number of aliases, adding new ones every day. It is impossible to know who posted what here unless you’ve been here for years and know the posters well. He even copies, edits, and pastes my comments. He is clinically insane and getting worse with time.

  28. Bochen777 on Fri, 27th Mar 2020 9:27 pm 

    Juan, I have figured you out and I think you are full of shit.

  29. More Davy sock puppetry and lunacy on Fri, 27th Mar 2020 9:36 pm 

    DavyBochen777 on Fri, 27th Mar 2020 9:27 pm

  30. riggered and deeply lovin supremacist muzzies zomg lol hello this is debbie this is my first attempt at eharmony i love cats i love every kind of cats i want to hug all cats but i cant hug all cats sry im being emotional i just love cats on Fri, 27th Mar 2020 9:39 pm 

    Reykjavik Sat 2:37 am Partly sunny. Chilly. 34 °F

    How coronavirus ‘deniers’ are using Facebook, WhatsApp and YouTube to spread conspiracy theories and misinformation about the deadly disease

    The UK-based charity the Center for Countering Digital Hate has been tracking 50 different groups on Facebook that are peddling health-related misinformation.

    srsly bro, the DM billion dollar budget thousands of writer and you guyes are afraid of a tard and former paultard on negative budget?

    not even scientific ho “thunderf00t” imposing self quaranteen help with the narative isn’t he?

    when I heard he announced I said it smells.

    reminder supertards to change underwear after 5 days to prevent corona virus (see what i did there?)

  31. makati1 on Fri, 27th Mar 2020 10:30 pm 

    Obviously, the cut and paste above, under my name, is Davy. He is too stupid to actually think of an intelligent comment.

    My last post was at 6:59PM, 7:59AM here.

  32. Anonymouse on Fri, 27th Mar 2020 11:01 pm 

    Yea, Davy made (another), of his signature stupid fake comments using my name @ 7:47. Not like he has anything else going on in his miserable life, so instead of doing anything remotely useful, he stalks, cut and pastes ZH, pricks and ID thieves 20 hours a day. What a zero, I mean hero, lol.

  33. JuanP on Fri, 27th Mar 2020 11:43 pm 

    Davy has ruined the board for everyone, and that is why only a handful of us still post here. You should try the moderated forums; they’re still a slug fest, but not nearly as bad as things are here.

  34. bochen777 on Fri, 27th Mar 2020 11:51 pm 

    Why not just IP ban Davy? He uses TOR and VPN? How about a OTP auth system?

  35. JuanP on Sat, 28th Mar 2020 12:02 am 

    Bochen, This side of the forum is not moderated in any way. Nobody knows why. This has been going on for over 5 years.

  36. JuanP on Sat, 28th Mar 2020 12:04 am 

    Bochen, did you notice that he already stole your identity, too. Read above comment posted at 9:27 pm.
    The guy is a complete lunatic!

  37. bochen777 on Sat, 28th Mar 2020 12:12 am 

    Honolulu Fri 7:12 pm Broken clouds. Mild. 72 °F
    whoa supertards please love supremacist muzzies more and deep

  38. makati1 on Sat, 28th Mar 2020 2:18 am 

    Guess which Missouri Jackass came to mind when I read this? ^_^

    “…a Missouri man was recently arrested after he filmed himself licking merchandise at Walmart.”

    https://www.heraldtribune.com/zz/news/20200326/pennsylvania-grocery-store-loses-estimated-35k-in-food-after-womans-twisted-coronavirus-prank-co-owner-says

    Amerikan weirdos are coming out of the woodwork.

  39. Davy on Sat, 28th Mar 2020 4:18 am 

    makato, your days are numbered. LMFAO. You are old in a 3rd world country with a virus “made in Asia” that will likely get you. I might add you have not said much lately because like so many of your potions you were completely wrong about the virus. VICTORY

  40. Abraham van Helsing on Sat, 28th Mar 2020 4:56 am 

    “makato, your days are numbered. LMFAO. You are old in a 3rd world country”

    Says the guy who no longer has a flight path to continental European safety, but instead will have to make up his mind if he in CW2 will fight on the left or right side.

    I would bet that makati has more life expectancy than you.

  41. Davy on Sat, 28th Mar 2020 5:39 am 

    “Says the guy who no longer has a flight path to continental European safety, but instead will have to make up his mind if he in CW2 will fight on the left or right side.”

    cloggo, you are in a bad place too with your very high population densities. There is not an infection yet in my county. Add up the infections and deaths for the whole EU. Yea, you are hiding this info because it is close to the figures for China and US combined. You are the one fucked. You may need ride to the new world. LMFAO


Leave a Reply

Your email address will not be published. Required fields are marked *