Crisis on hold

Oil patch waits for trade deal

Here is an accurate snapshot from Wood Mackenzie on the financial stability of U.S drillers and producers. It appears that the ‘fiscal responsibility’ implemented over the past five years has paid off, resulting in strong cash positions. A spot of drilling anyone?

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This is the chart hanging up in the toilets in OPEC HQ

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When OPEC+ puts close to 1 million bpd back into the market over a two-month period, something usually breaks and it often takes time to repair.