Twitter Fingers

By: Daniel Guttman / April 23, 2018

The eyes of the world are once again gazing unto the “twitter-verse” as world leaders turn to the online news and social networking platform to discuss the Iran nuclear deal and OPEC.

Iranian Foreign Minister Mohammad Javad Zarif Tweeted on Monday, “It is either all or nothing. European leaders should encourage Trump not just to stay in the nuclear deal, but more important to begin implementing his part of the bargain in good faith.” 

“Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea. Oil prices are artificially Very High! No good and will not be accepted!” Trump wrote on Twitter.

It appears at the moment, the latter tweet has more eyes digesting the U.S. output hitting 10.7 million barrels per day this year and the geopolitical risk of the Iran nuclear deal simmering for another few weeks before a final decision is made.  With U.S. crude and condensate supply to Europe increasing by almost 12% year over year, shale producers may be eyeing 11 million barrels per day of production sooner rather than later.

twitf

https://www.reuters.com/article/us-iran-nuclear-usa/iran-says-either-all-or-nothing-on-nuclear-deal-zarif-tweets-idUSKBN1HU1BJ?il=0

http://www.bbc.com/news/world-middle-east-43858040

https://www.reuters.com/article/us-usa-trump-oil/trump-rails-against-high-oil-prices-opec-pushes-back-idUSKBN1HR1LP

 


Categories: Daily Market Update


Daniel Guttman

Written by

Daniel Guttman

With a background in wholesale and commercial sales as well as pipeline scheduling, Daniel is currently the Manager, Business Development in the Card Access Fuels department. He is tasked to find new and innovative solutions to increase sales opportunities for the sales team while managing and evaluating internal department processes. He assists with day to day personnel management, customer data analysis, as well as the daily Pacific Pride inventory and pricing direction.


Guttman Energy Daily Market Update Disclaimer – The information contained in this market update is derived from sources believed to be reliable; however this update could include technical inaccuracies or typographical errors and Guttman Energy does not guarantee the accuracy, completeness or reliability of this update. FURTHERMORE, THIS UPDATE IS PROVIDED "AS IS," WHERE IS, WITH ALL FAULTS AND WITHOUT ANY WARRANTY OR CONDITION OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY. GUTTMAN ENERGY ALSO SPECIFICALLY DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES. YOU USE THIS UPDATE AT YOUR SOLE RISK. This update and any view or comment expressed herein are provided for informational purposes only and should not be interpreted in any way as recommendation or inducement to buy or sell products, commodity futures or options contracts.


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