I want to dedicate this post today so I can look back in the future knowing we've gone through this one day episode.

The Covid has all along been a grey Swan event for a while. Yes, they are spreading globally with over 100k people infected at this point but they are not as deadly. Recovery rate has been pretty decent and there wasn't as much fear as we all thought out there in the market.

Then came the Saudi event over the weekend.

Over last Friday, Opec+ was supposed to meet and cooperate over the production cut by 1.5m barrels a day. Had the Russian agreed, we probably had a field day today for the O&G sector. What happened next was something that came out surprising.

Not only did the Russian decided not to agree, but it enrages the Saudi's wrath that the Saudi decides to play the game at the world's hands.

As...