ST Alpha - "I thought there'd been an agreement among oil producers to stop the freefall. -- nm" (Reading a Post)

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In response to "Oil prices down to 15 (WTI not brent) -- (link)" by zeitgeist

I thought there'd been an agreement among oil producers to stop the freefall. -- nm

Posted by Mop (aka rburriel) Apr 19 '20, 22:56

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Responses:

I don’t think they can pump it back into the ground, Mop. -- nm - Qale Apr 20, 04:53 1
- Strangely enough they do. Lots of storage capacity is underground reservoirs. Especially natural gas. -- nm - mafic Apr 20, 05:01
demand is down by almost 30m barrels/day, agreement only cut production by 10m. -- nm - mafic Apr 19, 23:27
Brent started dicking around and that went out the window. -- nm - Beryllium Apr 19, 23:01 2
- Ratner or Spiner? -- nm - Mop Apr 19, 23:01 1
  - I thought it was Brent Crude, but I was wrong, it was actually Brett Bunsen. -- (link) - Beryllium Apr 19, 23:06 [youtube]

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