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User Profile: Amena Bakr @Amena__Bakr Deputy Bureau Chief & Chief Opec Correspondent @energyintel. Ex-Reuters. I cover Gulf energy policy & #OPEC. All views are mine. abakr@energyintel.com Dubai, United Arab Emirates energyintel.com Joined November 2016

Oliver Klaus @Oliver_Klaus1 5h5 hours ago More #Russia May Be Hitting #Oil Production Limits - full read on @energyintel here: https://www.energyintel.com/0000017d-8058-db65-ad7f-a9fde9460000 1 reply 18 retweets 34 likes Reply 1 Retweet 18 Retweeted 18 Like 34 Liked 34

Amena Bakr @Amena__Bakr 4h4 hours ago More Amena Bakr Retweeted UAEGOV A weekend change #UAE https://twitter.com/uaemediaoffice/status/1468129958019182592 Amena Bakr added, UAEGOVVerified account @UAEmediaoffice #UAE announces today that it will transition to a four and a half day working week, with Friday afternoon, Saturday and Sunday forming the new weekend. All Federal government departments will move to the new weekend from January 1, 2022. pic.twitter.com/tQoa22pai9 0 replies 4 retweets 17 likes Reply Retweet 4 Retweeted 4 Like 17 Liked 17

Amena Bakr @Amena__Bakr Dec 5 More Greetings from #Italy pic.twitter.com/rAidxCLNvC 11 replies 1 retweet 175 likes Reply 11 Retweet 1 Retweeted 1 Like 175 Liked 175

Amena Bakr @Amena__Bakr Dec 5 More Saudi OSPs are out #OOTT pic.twitter.com/lpsgOBu2Tw 5 replies 27 retweets 82 likes Reply 5 Retweet 27 Retweeted 27 Like 82 Liked 82

Amena Bakr @Amena__Bakr Dec 2 More Non-oil related! I was telling my friends yesterday about Mike the headless chicken who lived 18 months with his head chopped off! If you don t know the story listen to this: https://snapjudgment.org/story/headless-chicken/ 4 replies 3 retweets 29 likes Reply 4 Retweet 3 Retweeted 3 Like 29 Liked 29

Amena Bakr @Amena__Bakr Dec 2 More Read more here: A move to slow supply increases could have spooked oil markets into a steeper plunge by signaling that recent demand destruction fears were justified. https://www.energyintel.com/0000017d-7be3-dcb6-a57f-7fe32e670000 #OOTT #opec 4 replies 7 retweets 35 likes Reply 4 Retweet 7 Retweeted 7 Like 35 Liked 35

Amena Bakr @Amena__Bakr Dec 2 More 8. So what to watch out for in the coming months? I would say all eye should be on spare capacity and the lack of it! #OOTT #opec 7 replies 6 retweets 105 likes Reply 7 Retweet 6 Retweeted 6 Like 105 Liked 105 Show this thread Show this thread

Amena Bakr @Amena__Bakr Dec 2 More 7. Always remember that Opec Plus plays the LONG game. #OOTT 2 replies 6 retweets 74 likes Reply 2 Retweet 6 Retweeted 6 Like 74 Liked 74 Show this thread Show this thread

Amena Bakr @Amena__Bakr Dec 2 More 6. Did anyone raise concerns about prices levels during the meeting? Yes some officials did. But that s why the meeting remains in session , in other words open for them to make any required changes before Jan 4. #OOTT 1 reply 3 retweets 45 likes Reply 1 Retweet 3 Retweeted 3 Like 45 Liked 45 Show this thread Show this thread

Amena Bakr @Amena__Bakr Dec 2 More 5. The group did not have major concerns about the new covid variant, and if things change they can always adjust policy. #OOTT #opec 2 replies 2 retweets 40 likes Reply 2 Retweet 2 Retweeted 2 Like 40 Liked 40 Show this thread Show this thread

Amena Bakr @Amena__Bakr Dec 2 More 4. Bonus point: the group managed to eased tension with the US/ consumer states. Perhaps this will be enough to stop their future market interventions (ie another SPR release) #OOTT 1 reply 4 retweets 46 likes Reply 1 Retweet 4 Retweeted 4 Like 46 Liked 46 Show this thread Show this thread

Amena Bakr @Amena__Bakr Dec 2 More 3. By keeping policy unchanged Opec plus managed to place a floor for oil prices at around the $70 mark #OOTT 6 replies 1 retweet 48 likes Reply 6 Retweet 1 Retweeted 1 Like 48 Liked 48 Show this thread Show this thread

Amena Bakr @Amena__Bakr Dec 2 More 2. All countries that have spare capacity in the group wanted to increase production, that s why the meeting was very smooth and consensus was reached fast. #OOTT 2 replies 2 retweets 47 likes Reply 2 Retweet 2 Retweeted 2 Like 47 Liked 47 Show this thread Show this thread

Amena Bakr @Amena__Bakr Dec 2 More Why did opec plus decide to rollover policy keeping the 400k increments? 1. Think about it, over the past months the group has not been delivering the 400k anyway due to some countries not delivering their quotas, so the supply they promised to the market isn t fully back. #OOTT 10 replies 52 retweets 253 likes Reply 10 Retweet 52 Retweeted 52 Like 253 Liked 253 Show this thread Show this thread

Amena Bakr @Amena__Bakr Dec 2 More And here s the US s thank you to opec. Jen Psaki: we appreciate the close coordination over the recent weeks w our partner Saudi arabia, the UAE and other opec plus producers to help address price pressures. We welcome the decision today to continue the 400/000 b/d increase 29 replies 43 retweets 162 likes Reply 29 Retweet 43 Retweeted 43 Like 162 Liked 162

Amena Bakr @Amena__Bakr Dec 2 More Conclusion from this opec plus meeting: the group is not in a state of panic and will adjust policy when needed #OOTT #opec 9 replies 31 retweets 152 likes Reply 9 Retweet 31 Retweeted 31 Like 152 Liked 152

Amena Bakr @Amena__Bakr Dec 2 More And if the market conditions change the opec plus group can always have an extraordinary meeting and adjust their production policy. #OOTT #opec 0 replies 6 retweets 33 likes Reply Retweet 6 Retweeted 6 Like 33 Liked 33 Show this thread Show this thread

Amena Bakr @Amena__Bakr Dec 2 More From @MaleehaMBCC: we feel opec did the right thing by rolling over their production increase of 400k bpd as it shows consistency and stability for the oil market outside of external factors, especially going into the northern hemisphere winter period. #OOTT #opec 1 reply 4 retweets 21 likes Reply 1 Retweet 4 Retweeted 4 Like 21 Liked 21

Amena Bakr @Amena__Bakr Dec 2 More Earlier this week Novak and Prince Abdulaziz downplayed the impact of the new virus mutation #OOTT #opec 7 replies 4 retweets 49 likes Reply 7 Retweet 4 Retweeted 4 Like 49 Liked 49 Show this thread Show this thread

Amena Bakr @Amena__Bakr Dec 2 More No opec plus press conference planned #OOTT #opec 4 replies 10 retweets 47 likes Reply 4 Retweet 10 Retweeted 10 Like 47 Liked 47

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