The following four scenarios will be discussed at the continued session of the 13th #OPEC & Non-OPEC meeting today:
1-Given the expected growth of demand by 5.9million bpd in 2021 and the expected growth of supply by non-OPEC countries by 1.1million bpd, as agreed in Dec... #OOTT

.... the 23 countries will increase production by 500 thousand bpd for the month of February - similar to January.

2- Given the expected growth of demand by 3.9 million bpd in 2021 , and the expected growth of supply by non-#OPEC countries by 800 (or 900) thousand bpd,...#OOTT
... as agreed in December, the production by the 23 countries will increase by 500 thousand for the month of February - similar to January. This scenario is practically the same as scenario number one, expect for lower forecasts for demand and supply. #OOTT
3- No increase (of 500 thousand bpd) for the months of February and March, and an increase of 500 thousand bpd for the moths of April, May and June each. In this scenario as well the ministers will hold monthly meetings to appraise the market and decide. #OOTT
4-The 500 thousand bpd increased in January to be decreased for the month of February. No increase for the month of March, and instead an increase of 500 thousand bpd for the months of April, May, June, and July. The probability for this scenario is considered to be low. #OOTT
5-OPEC Plus has already increased its total production by 500thousand bpd for the month of January: that is, the reduction in production by OPEC, compared to the situation before April 2019,stands at 7.2million bpd. Russia opposes the 3rd and 4th scenarios for two reasons...#OOTT
6-.. First, they believe that, as per earlier decision, the meeting should only decide for the next immediate month, and second, the market share for other producing countries should not be expanded to the detriment of OPEC Plus countries. The member countries,..#OOTT
7-... except for Russia and Kazakistan, oppose the 3rd scenario. This implies that in light of the new Corona wave, there shouldn't be any increase of 500 thousand bpd for the months of February and March - with emphasis on February at the present juncture. #OOTT
8-What are the impact of these scenarios on Iran?Given that the sanctions are in place,practically no impact.However, considering the possibility of the US return to the nuclear deal(JCPOA)in February,it would be better for Iran to pump lower amounts of oil into the market..#OOTT
9-.. so that its entry would be easier.
But, it is expected that Iran's entry into the market once the sanctions are lifted will be harder. That is why Minister Zangeneh did not play in either Moscow's court nor that of Riyadh...#OOTT
10- ...Even if it could be sensed that he was not in favor of increase in production in February. In any case, the OPEC Plus meetings will be harder once Iran re-enters the market.#OOTT
11-the500 thousand increase for the month of Jan. will be distributed among the countries members of the Statement (Commuinque) on Cooperation between OPECand non #OPEC.It will be the same for Feb. if the increase is decided. Currently Iran is exempt from the quota. @MeesEnergy👇

More from For later read

Ester Ranzen/ Childline/BBC/Saville/Mandelson 👀👇


1. 'MYSTERIOUS ESTHER RANTZEN' ..2017
https://t.co/aBsJL2Avqd


2. (Let's This Party Started) Keith Vaz and Ester Ranzen.


3. 'BBC'S ESTHER RANTZEN LINKED TO ELM GUEST HOUSE' https://t.co/a064KgW8LJ


4. Esther Rantzen is quizzed about Jimmy Savile - 2012
Wow, Morgan McSweeney again, Rachel Riley, SFFN, Center for Countering Digital Hate, Imran Ahmed, JLM, BoD, Angela Eagle, Tracy-Ann Oberman, Lisa Nandy, Steve Reed, Jon Cruddas, Trevor Chinn, Martin Taylor, Lord Ian Austin and Mark Lewis. #LabourLeaks #StarmerOut 24 tweet🧵

Morgan McSweeney, Keir Starmer’s chief of staff, launched the organisation that now runs SFFN.
The CEO Imran Ahmed worked closely with a number of Labour figures involved in the campaign to remove Jeremy as leader.

Rachel Riley is listed as patron.
https://t.co/nGY5QrwBD0


SFFN claims that it has been “a project of the Center For Countering Digital Hate” since 4 May 2020. The relationship between the two organisations, however, appears to date back far longer. And crucially, CCDH is linked to a number of figures on the Labour right. #LabourLeaks

Center for Countering Digital Hate registered at Companies House on 19 Oct 2018, the organisation’s only director was Morgan McSweeney – Labour leader Keir Starmer’s chief of staff. McSweeney was also the campaign manager for Liz Kendall’s leadership bid. #LabourLeaks #StarmerOut

Sir Keir - along with his chief of staff, Morgan McSweeney - held his first meeting with the Jewish Labour Movement (JLM). Deliberately used the “anti-Semitism” crisis as a pretext to vilify and then expel a leading pro-Corbyn activist in Brighton and Hove

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A THREAD ON @SarangSood

Decoded his way of analysis/logics for everyone to easily understand.

Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen

1. Keeps following volatility super closely.

Makes 7-8 different strategies to give him a sense of what's going on.

Whichever gives highest profit he trades in.


2. Theta falls when market moves.
Falls where market is headed towards not on our original position.


3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result

He believes in a market operator, if market mover sells volatility Sarang Sir joins him.


4. Theta decay vs Fall in vega

Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.