Saudi Energy Minister: oil supply has resumed as before

Saudi Energy Minister: oil supply has resumed as before

[RTRS] - SAUDI ENERGY MINISTER SAYS OIL SUPPLY HAVE RESUMED AS BEFORE
— FxMacro (@fxmacro) September 17, 2019

Added at 12:49pm

Prince Abdelaziz says in the past 2 days aramco was able to recover 50% of the crude oil lost, exports will be as normal #OOTT
— Amena Bakr (@Amena__Bakr) September 17, 2019

Added at 12:50pm

SAUDI ENERGY MINISTER SAYS WILL KEEP FULL OIL SUPPLY TO ITS CUSTOMERS THIS MONTH
— First Squawk (@FirstSquawk) September 17, 2019

Added at 12:58pm

Saudi energy minister says oil production will be fully back online by end of September

From cnbc.com

The comments came during a press conference by Saudi Arabia’s energy minister Prince Abdulaziz bin Salman. The world’s largest crude oil processing facility and heartbeat of Saudi Arabia’s energy industry was targeted in drone attacks early Saturday morning that knocked out half of the OPEC kingpin’s production capacity. Abqaiq in Saudi Arabia’s Eastern province and the nearby Khurais oil field, Saudi Arabia’s second-largest, suffered fire damage on Saturday that shut shut out 5.7 million barrels of daily crude production. That represents 50% of the kingdom’s oil output, or 5% of global oil production. ... (full story)

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auricforecas

Sep 17, 2019 3:20pm

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Yeah that was quick, but I am not surprised since this is basically all they do, it's their thing..
Markets still aren't fully convinced, but more so, the future problems are priced-in, for now..
We'll have to wait how they will calm the future (market)... Some good defence?

nbfx

Sep 17, 2019 3:19pm

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Quoting Don100

Disliked

Is it sure that there will be cut 2moro? Or no one knows .?

Ignored

It's never a done deal till it's a done deal. The guidance noises have been sufficient to provide the markets with a high level of expactation that will be the case. IF they don't do it that's the time to expect solid volatility unless they give solid guidance that it will happen next time. Even then volatility will happen. Bond markets have it pretty much completely priced in...

asgcorp

Sep 17, 2019 2:01pm

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Saudis will do anything to save Aramco IPO, so blatant lies is least they can do.

Ghass1234

Sep 17, 2019 2:09pm

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Quoting Muhammedfx

Disliked

{quote} You are an as**** to trade oil in such volatile conditions.

Ignored

can u be more polite , i will answer you politely go fu**k ure self . When d u expect to trade When the market don't move, u stupid. Sell oil and shut ure mouth probably, you will make some money, looser. when i nag because i make less than i expect .

rafat habeb

Sep 17, 2019 11:22pm

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Quoting nbfx

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{quote} I don't know. This might be a reaction to activities in the high court today, and written assurances (??? didn't quite catch what all that was about) being sought? My eye is off Cable/Brexit for now. I'm sure there are great opportunities going, but right now I'm looking at SPX futures and US Treasuries futures with FOMC coming into view... Added as an afterthought, A rate reduction would value the USD lower perhaps but I'm sure that's mostly priced in anyway. The press conference might give more away...

Ignored

basically its bad day for trading if you dont got an expert tp and sl for all short and long postions becouse its round trip flight for most currencies and much more!! enjoy it!!

nbfx

Sep 17, 2019 3:06pm

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Quoting Ghass1234

Disliked

{quote} Why GBP is up like this , is there some brexit news we don't know ?

Ignored

I don't know. This might be a reaction to activities in the high court today, and written assurances (??? didn't quite catch what all that was about) being sought? My eye is off Cable/Brexit for now. I'm sure there are great opportunities going, but right now I'm looking at SPX futures and US Treasuries futures with FOMC coming into view...

Added as an afterthought,

A rate reduction would value the USD lower perhaps but I'm sure that's mostly priced in anyway. The press conference might give more away...

Don100

Sep 17, 2019 2:57pm

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So its better to buy usd or sell usd for 2moro? Coz Eur is going up... coz of cut rate 2moro or just ?

Muhammedfx

Sep 17, 2019 11:19pm

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Liar liar pants on fire

Fadhl

Sep 17, 2019 12:54pm

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DT will be unhappy! He wishes USA uses its reserves and becomes the main supplier before Oil era fades out. Definitely, he will find another way!

asgcorp

Sep 17, 2019 1:59pm

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Fake news. And obviously blatant lies from SA, but that's business as usual for them.

asgcorp

Sep 17, 2019 2:00pm

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Ghass, all gaps get filled. There's a huuge gap on WTI/Brent chart, so not sure what are you nagging about in here.

rafat habeb

Sep 17, 2019 11:15pm

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they bought oil from other gulf countries to fullfit the short for consumers

Sep 17, 2019 12:49pm

bercakap mcm Tambi

Sep 17, 2019 1:38pm

News mcm Tambi..

Sep 17, 2019 2:54pm

Quoting Don100

Disliked

Btw is there any rate cut 2moro? Or Market just pricing in ?

Ignored

Anticipating .25 cut to 2.00

ivofx

Sep 17, 2019 12:53pm

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they are afraid of losing customer and lying using their reserves

Muhammedfx

Sep 17, 2019 1:59pm

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Quoting Ghass1234

Disliked

the fuckers insiders sold oil , from 3 hours . this is how these fuckers make money , We are the poor traders that comes last , and then we end loosing money

Ignored

You are an as**** to trade oil in such volatile conditions.

Ghass1234

Sep 17, 2019 1:41pm

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the fuckers insiders sold oil , from 3 hours . this is how these fuckers make money , We are the poor traders that comes last , and then we end loosing money