over weekend developments are the Saudis seem to be on an island. They need the coalition to be united and they are not. The numbers thrown out to the media are just that and imo do not mean much until data starts rolling in to see where we are. This market is oversupplied right now but that's just my take and could be wrong. I don't see 40 nor do I see 100 I'm thinking around 70-80 this Summer now and if demand shows strength maybe a move higher during Winter. Very surprised to see so much cheering and fanfare for the Saudis.
