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Oil Minister: Iraq Has Already Cut 180,000 Bpd Under OPEC Deal

Amid speculation whether Iraq would really play along with the OPEC production cuts, the oil minister of the cartel’s no.2 producer said on Monday that the country had already cut 180,000 bpd off its production, and planned to reduce output by another 30,000 bpd by the end of January. Speaking at an industry event in London, Iraq’s oil minister Jabar Ali al-Luaibi said that Iraq had cut production from a level of 4.75 million bpd, Reuters reports, but this was not the reference basket that OPEC used to determine who should cut what…


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OPEC + Russia Agree On ‘’Monitoring Mechanism’’

At a meeting in Vienna yesterday, Saudi Arabia, Russia, Venezuela, Algeria, Oman, Qatar, and Kuwait agreed on a mechanism to monitor the rate of compliance with the crude oil production cut agreement sealed at the end of last year as an effort to rebalance the market. The meeting comes amid growing concern among investors about the chance of success of the agreement, given OPEC’s history of going back on its word in similar agreements in favor of protecting market share and revenues. In addition to bullish statements from the attending oil…




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Brazil’s Massive Oil Upside Explained In One Chart

As I’m writing this, I’ve got maps of four different continents open on my desktop. It’s been a busy week. With projects advancing in all these far-flung locales, for gold, diamonds, copper, platinum and oil. Given such, I’m sneaking away from geology for a brief moment to share one chart in regards to that last commodity. A small but critical bit of information released this week — which underscores exactly why the last item above on Brazil may be so important for the global oil and gas sector. Here it is: a plot…


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Carl Icahn Praises Trump Speech: “Our Dangerous Slide Towards Socialism Is Over”

Having used words never before heard in a Presidential inauguration address:

bleed, carnage, depletion, disrepair, flush, Islamic, ripped, sad, rusted, sprawl, stealing, stolen, subsidized, tombstones, trapped, trillions, unstoppable…

President Trump has face criticism for his no-holds-barred speech – confirming his stance as an anti-establishment “America First” president. Trump advisor Carl Icahn told CNBC on the afternoon of the inauguration…

“Donald surprised me coming on so strongly about the establishment. I admire him for doing that.”

 

“I admire him for not just trying to say, ‘Wow. Let’s smooth it over. Let’s be buddies.’ I mean, he came on extremely strongly and he’s giving you a look at what the future, I think, is going to be.”

 

Icahn, Trump’s special advisor on regulatory reform, said he expects the 45th president of the United States to take a confrontational approach, to some extent. Yet he argued that may be a good thing because it will promote change.

 

“I think you have to break up this establishment. You have to stop the perception which we have in this country that the government is at war with business, that the government doesn’t like business and that’s what you’ve had for eight years with Obama,” Icahn said.

But his tweet this morning is perhaps the most succinct confirmation of what just happened…

.@realDonaldTrump ‘s brilliant inaugural speech, defying worst critics, leaves no doubt our dangerous slide towards socialism is over.

— Carl Icahn (@Carl_C_Icahn) January 23, 2017

Indeed!

The post Carl Icahn Praises Trump Speech: “Our Dangerous Slide Towards Socialism Is Over” appeared first on crude-oil.top.


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Carl Icahn Praises Trump Speech: “Our Dangerous Slide Towards Socialism Is Over”

Having used words never before heard in a Presidential inauguration address:

bleed, carnage, depletion, disrepair, flush, Islamic, ripped, sad, rusted, sprawl, stealing, stolen, subsidized, tombstones, trapped, trillions, unstoppable…

President Trump has face criticism for his no-holds-barred speech – confirming his stance as an anti-establishment “America First” president. Trump advisor Carl Icahn told CNBC on the afternoon of the inauguration…

“Donald surprised me coming on so strongly about the establishment. I admire him for doing that.”

 

“I admire him for not just trying to say, ‘Wow. Let’s smooth it over. Let’s be buddies.’ I mean, he came on extremely strongly and he’s giving you a look at what the future, I think, is going to be.”

 

Icahn, Trump’s special advisor on regulatory reform, said he expects the 45th president of the United States to take a confrontational approach, to some extent. Yet he argued that may be a good thing because it will promote change.

 

“I think you have to break up this establishment. You have to stop the perception which we have in this country that the government is at war with business, that the government doesn’t like business and that’s what you’ve had for eight years with Obama,” Icahn said.

But his tweet this morning is perhaps the most succinct confirmation of what just happened…

.@realDonaldTrump ‘s brilliant inaugural speech, defying worst critics, leaves no doubt our dangerous slide towards socialism is over.

— Carl Icahn (@Carl_C_Icahn) January 23, 2017

Indeed!

The post Carl Icahn Praises Trump Speech: “Our Dangerous Slide Towards Socialism Is Over” appeared first on crude-oil.top.