‘Bloomberg Commodities Edge’ (03/12/2020) – Full Show

‘Bloomberg Commodities Edge’ (03/12/2020) – Full Show

crushed from big oil to premium players to leverage producers .. I think most companies will probably go into what I call. if we see low oil prices next year that most companies will not. the producers are going into maintenance mode.. still a function of what the price of oil is going to be.. reckon that if WTI stayed at forty dollars a barrel production. A bottom in oil as we sit right at 30.. Armageddon and we thought through you know how did the market. The function of the market the functioning of the market is a. that's going on with the coronavirus really giving us a demand. a market share price war.. have refineries that are going to be reducing demand for oil .. months six months out are so much cheaper drastically cheaper. 500000 barrels a day for more than four months to China to let. barrels a day for three quarters of a year before they. travel ban from Europe to the US has really pummeled jet fuel. The contango we had in the kind of oil that Saudi Arabia sells. you know the sour crude out of the market and all of a sudden.