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Wrap – Week Ended 6/29/18
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Questions and comments under The Wrap will be addressed in the Monday Post.
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No changes were made to the ZLT last week.
- We continue to hold 21 names and are 20% cash.
- The Blotter is updated.
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Unleaded $2.48 in DFW Texas
July 1st, 2018 at 1:52 pmPresident Trump said Saudi King agrees to raise oil output. Things getting interesting
https://www.reuters.com/article/us-usa-saudi-trump-oil/trump-says-saudi-king-agreed-to-raise-oil-production-up-to-2-million-barrels-idUSKBN1JQ0ES
July 1st, 2018 at 7:00 pmre 2
Please see our comments on this yesterday here:
http://zmansenergybrain.com/2018/06/29/friday-morning-51/#comment-651736
And the White House walk back of Trump's comment here:
http://zmansenergybrain.com/2018/06/29/friday-morning-51/#comment-652464
Salman said nothing of the kind.
July 1st, 2018 at 7:16 pmYes. Now new article from reuters so it just continues to develop.
July 1st, 2018 at 7:26 pmAt least from my understanding, SA is incapable of doing that anyway so largely just negotiating jawboning
July 1st, 2018 at 7:26 pmre 5 – yep, just appeasing the tweeter.
July 1st, 2018 at 7:36 pmExpect tweets directed at Russia soon.
July 1st, 2018 at 7:42 pmRe 7 – ha. Agreed
so let’s say ooo hits $90 or $100 on the next 12-18 months? What sizes impact does that have on the ZLT?
July 1st, 2018 at 8:20 pmOil. Not ooo
July 1st, 2018 at 8:52 pmWhat does Mexico’s first hard line Leftist in decades mean for their already withering oil industry?
July 1st, 2018 at 8:55 pm