dChan
Anonymous ID: 8f7817 April 11, 2020, 5:56 a.m. No.8757623   🗄️.is đź”—kun   >>8061 >>8242

EASY40 C-560 west from new Orleans NASJRB-heading to Ft. Hood most likely as that was it's first stop yesterday

 

French AF E10426 Airbus A330 north out of Mali and returning to Marseille

 

YANK02 Beech Guardrail with ns runs over western Lithuania

 

SHAFT69 C-12A Learjet from Qatar to Abu Dhabi Int'l on final

Anonymous ID: 8f7817 April 11, 2020, 6:05 a.m. No.8757665   🗄️.is đź”—kun   >>8061 >>8242

Aramco Delays Oil Pricing Statement as OPEC+ Talks Continue

 

Saudis orchestrating talks with global producers to cut output. Discussions enter third day as Mexico holds out on proposal. Saudi Arabia is pushing back a key decision on pricing for its crude exports as the kingdom seeks to commit global producers to a massive coordinated supply cut.

 

State producer Saudi Aramco is set to decide on and announce pricing for May crude exports on Sunday, according to people with knowledge of the situation. The official selling prices, or OSPs, were meant to be released April 5 before twice being delayed to allow producers time to discuss output cuts amid demand destruction due to the coronavirus.

 

Aramco didn’t immediately comment on the delay. The company’s pricing is a key indicator for traders since it affects about 14 million barrels a day of Persian Gulf crude exports. Other producers in the region follow Aramco’s lead in setting prices for their own shipments. Abu Dhabi and Kuwait have also said they’re waiting for the outcome of the meetings before releasing pricing.

 

Talks among global producers aimed at securing curbs of 10 million barrels a day entered their third day Saturday. Saudi Arabia convened OPEC+ members Thursday, hosted a conference call of G-20 energy ministers Friday and is set to speak with U.S. and Mexican officials Saturday. The meetings that stretched overnight failed to overcome Mexican resistance to the proposed reductions. By bringing together the Organization of Petroleum Exporting Countries and partners such as Russia, Saudi Arabia took steps to end an oil price war it had unleashed just a month before. The world’s top exporter slashed the OSPs for April exports by the most in at least three decades. Benchmark Brent has plunged by more than half since the start of the year as the Saudis made good on their threat to begin pumping a record 12 million barrels a day at the start of April. The supply glut exacerbated a collapse in oil demand as the coronavirus pandemic forced lockdowns worldwide and economies ground to a halt.

 

OPEC+ talks in March collapsed, allowing production curbs to expire at the end of that month. Under the latest proposed agreement, both Saudi Arabia and Russia would pare output back to about 8.5 million barrels a day.

https://www.bloomberg.com//news/articles/2020-04-11/aramco-delays-oil-pricing-statement-as-opec-talks-continue

they are waiting for the inevitable spike in price when the cuts are finalized so that they don't have to peg May delivery(s) to the current price.