BLOOMBERG Countdown September 29, 2016
Welcome, this is countdown. They did it, the iranians and saudis got together and got on the same page. This is what has been agreed. A new corridor or for production. , the bandwidth. 33 Million Barrels a day. If we take it to the extreme, they agreed for november. 700 50,000 barrels of production per day taken out of the market. The question is how does it get allocated. It ran looks as if it may have an exemption iran looks as if it may have an exemption. The detail is one question. Who is going to produce what exactly. How will the russians respond . And what will the shale producers say ....
Source: archive.org
