RE:RE:Short term future guess I heard from news that Russian and Saudi said they will cut 5% if everybody cut BUT Iran already said they won't cut their production... In short, there is no consensus from all parties at least for a while when oil price receded more.... The point is how low and how long will oil price go in 2016... Various energy cos have revised their budget assumption on WTI to 30 US$, 35 US$, 40 US$ and 45 US$ for end Qtr1, Qtr2, Otr3 and Qtr 4 2016....Hopefully, these revised budget assumptions are valid for 2016 else there will be some cos in fiscal crisis.