its not like sorry im not even being a **** , but the notion that its done is a fallacy.. it is with the prem, but it isnt done till okd and a payment is received. i disaster or a change of heart stands in the way. the largest ever shipment of oil arriving from saudi is currently worth less than zero. ie a disaster
Don’t be daft. Saudi ****ing killed the oil market, mate, it’s the US who are in all kinds of ****. jason Burt has just confirmed it’s done bar PL approval.
Oil prices will pick up - probably next week. When lockdown is over oil prices will go into overdrive
It will be worth $20 a barrel on Wednesday. The fall isn't only to do with demand drying up due to all the lockdowns and disruption around the world, it's also because of contracts expiring. New oil-futures contract about to come into play, will raise the price a bit. The decrease in value from decreased demand is temporary and will level out when people get back to driving and flying around, manufacturing etc. Another point is that the entire reason for the existence of the PIF is to diversify Saudi Arabia's income streams by expanding into such venues as sports and leisure, in preperation for oil demand to fully dry up when the world switches to renewables. It's a ring-fenced investment fund I believe - the money is there already and not reliant on future income streams.
Does anyone think this guy looks like Richard Keyes?? He’s even got the hairy hands Its a hoax!!! Ashley has had us again.
