27 February 2025: 08:30 GMT
Murban futures volumes have exploded in February and the Murban premium is flying ever higher! Read more page 2… A key theme of IE week has been to be a good boy or lady about OPEC quota compliance. There is a lot of pressure to publish or come up with analysis that paints a compliant bullish story. We were shocked about the widespread nature of the pressure tactics, the big names under the cosh and the consequences people have been threatened with. “I was there when XY called XX and said what we should publish,” said an employee at one of the companies. The chromosomal markers may help you solve the riddle. There have been calls, emails and direct pressure on media, consultants, ship trackers, and even government organizations! One of our sources said, regarding an international organization; wink, wink, “I was in a recent meeting (like really recently) where they were calling the entity all kinds of names.” My source was in the Middle East recently, and if you are in the oil circles you know where.
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