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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (81519)4/3/2020 3:35:01 PM
From: Goose94Read Replies (1) | Respond to of 202922
 
Crude Oil: Alberta open to cuts.“If we see an effort at a global reduction in production, we would be open to further measures on our part,” Alberta’s Premier Jason Kenney said. Alberta has been suffering from sub-$5 oil.

By early Friday, there seemed to be some momentum on negotiations. Bloomberg reported that Russia was open to a global pact. At the time of this writing, OPEC was rumored to be exploring a scenario in which Saudi cuts by 3 mb/d, Russia cuts by 1.5 mb/d, non-Saudi Gulf States cut by 1.5 mb/d, and the U.S., Canada and Brazil cut by nearly 2 mb/d.