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Oil and Gas Discussion BB
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Oil currently down again Iran is over. OPEC is over. Now it is about refining margins and Global warming discussions. Another year to wait is now on the table but R.J, says 2020 is 'cyclical top'. Even the Nutt is searching the bottom of the barrel:) for catalysts: "The market has been desperately waiting for a catalyst to shift market
sentiment. In 2004 it was the Shell reserves write down. In 2019/20
could it be the realization that the Permian is slowing and that there
is in fact a "call on OPEC"? Time will tell." |
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