RE:RE:From David on LSEHawk
Russia might just move before - if Russia took an extra 500K b/d out then Q4 would under produce by 2.5mb/d based on iea forecasts. That will mop up the excess global inventory very quickly indeed sending the oil price to $100 or more in no time - Russia needs these even more urgently than the Saudis, but not quite as urgently as Venezuela and others.
Doug