Saudi Arabia says that voluntary cut will be gradually tapered starting in April ...Middle East

The good news here is that they're not bringing back the barrels all at once, the bad news is that barrels are definitely coming in Q2.Up Russia says its 500k bpd voluntary cut will extend until the end of Q1.I think there's some logic in bringing back the oil in Q2 because that's when driving season picks up and demand should rise but it will be a delicate balancing act. OPEC will surely be hoping that the threat of OPEC production coming back keeps US producers from drilling. This article was written by Adam Button at www.forexlive.com.

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