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Madrid. Key topics of discussion: 1 — OPEC / Saudi Policy - OPEC agreed to cut production by 1.2mb/d, along with 600kb/d from non-OPEC producers. Francisco believes Saudi’s key objective will be to push the oil forward curve into backwardation to 1)lower global refinery margins 2) lower prices for forwar
Page: HOUSE_OVERSIGHT_014695 →ut recognizes that if a tax was imposed, it would have profound implications for EM demand and the WTI/Br arb. The appointment of key cabinet members Rex Tillerson, Rick Perry, and Scott Pruitt pose significant implications for the US energy sector. 4 — Commodity Macro — Forward inflation expectations around th
Page: HOUSE_OVERSIGHT_014695 →f Madrid. Key topics of discussion: 1— OPEC / Saudi Policy - OPEC agreed to cut production by 1.2mb/d, along with 600kb/d from non-OPEC producers. Francisco believes Saudi's key objective will be to push the oil forward curve into backwardation to 1)lower global refinery margins 2) lower prices for forwa
t recognizes that if a tax was imposed, it would have profound implications for EM demand and the WTI/Br arb. The appointment of key cabinet members Rex Tillerson, Rick Perry, and Scott Pruitt pose significant implications for the US energy sector. EFTA_R1_01366292 EFTA02367777 4 — Commodity Macro — Forwar
eling with his 17-year-old brother, Marlon Galicia, who lacks legal status. Marlon signed a voluntary deportation form and was sent to Mexico, but Francisco, who was born in Texas, is still in detention with little access to a phone. "The ICE detainee locator system shows Francisco is being held at the
appointees who have spoken critically, to varying degrees, about the president after leaving his employ. This includes, among others, John Bolton, Rex Tillerson, John Kelly, Tom Bossert, Fiona Hill and Gary Cohn. -- Spencer took the sting out of this punch by vigorously denying well-sourced press reports o
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