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Super bullish scenarioMy base expectations was for 500K bpd hike plus removing 1 mm bpd SA cut for a total 1.5 mm bpd. That scenario woudl be neutral. Larger than that - bearish. Smaller than that - bullish It appears that only Russia and Kazakhstan were given higher quotas - sequentially from March - by 50K and 10K bpd respectively. SA to keep their 1 mm bpd cut in April and start removing gradually from May... 60K hike total!!! Oh Super bullish. Large deficit to maintain during high demand season and economy recovery. See you in the WTI $75-80 neighborhood in Summer. Fasten you seat belts, we may even see a super spike to $100+ No hedge producers will be the most beneficiaries. romm |
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Msg # | Subject | Author | Recs | Date Posted |
317137 | Re: Super bullish scenario | RedSpecOil | 0 | 3/4/2021 1:47:04 PM |