Oil lobbyists met with White House staffers to discuss markets amid OPEC price war, coronavirus

[tacobell fan]

• Lobbyists representing the oil and gas industry met with White House officials to discuss coronavirus, the state of the economy and the market, a spokesperson for American Petroleum Institute told CNBC.
• The meeting comes as the market has been roiled by fears of coronavirus and deteriorating talks between OPEC and Russia.

[r2d2]

ఆ గొడుగు సుందరి ఎవరు అని @Sucker & @kevinUsa అడుగుతున్నారు...

[Sucker]

26 minutes ago, r2d2 said:

ఆ గొడుగు సుందరి ఎవరు అని @Sucker & @kevinUsa అడుగుతున్నారు...

[karna11]

Ee market downfall thoo ee issue meda evaru concentrate cheytlaa

[tacobell fan]

29 minutes ago, karna11 said:

Ee market downfall thoo ee issue meda evaru concentrate cheytlaa

Market downfall ki primary reason idhe virus is just icing on the cake. 

[DummyVariable]

3 minutes ago, tacobell fan said:

Market downfall ki primary reason idhe virus is just icing on the cake. 

Russia will not back down

[tacobell fan]

9 minutes ago, DummyVariable said:

Russia will not back down

Sanctions pass chese mundu alochinchi unte oka rakam ga undedhi 

[DummyVariable]

55 minutes ago, tacobell fan said:

Sanctions pass chese mundu alochinchi unte oka rakam ga undedhi 

Sanctions are the result of shale oil growth. Costly shale oil ammadam kosam penchina rates ivi. Russia produces at a much cheaper rate and at those prices they had number 1 market share until 2018. US is number 1 now at current prices largely due to shale oil production. Simple ga valla control poyindhi because of high prices controlled by Saudis. 

 GDP growth undadhu shale oil assam valla. 1-2 % down easy ga this year alone. Shale companies run on debt mostly. Now mostly bankrupt ye anni. Saudis are actually over producing to take out the margins from Russia. April is the target month for the prices to tumble even more as that is when both Saudis and the UK will be at peak production - in fact record production. All oil prices going down if that happens.

[karna11]

4 hours ago, DummyVariable said:

Sanctions are the result of shale oil growth. Costly shale oil ammadam kosam penchina rates ivi. Russia produces at a much cheaper rate and at those prices they had number 1 market share until 2018. US is number 1 now at current prices largely due to shale oil production. Simple ga valla control poyindhi because of high prices controlled by Saudis. 

 GDP growth undadhu shale oil assam valla. 1-2 % down easy ga this year alone. Shale companies run on debt mostly. Now mostly bankrupt ye anni. Saudis are actually over producing to take out the margins from Russia. April is the target month for the prices to tumble even more as that is when both Saudis and the UK will be at peak production - in fact record production. All oil prices going down if that happens.

So inka discussion going on or final ayipoinda

[DummyVariable]

8 hours ago, karna11 said:

So inka discussion going on or final ayipoinda

No one is at the table right now. More sanctions on Rosneft expected to get them to talk. April lo production will be at an all time high with the prices set to drop even more than what it has so far.