You're listening to the Oil and Gas This Week podcast with Mark LeCour and Jake Corley.

This is the show for busy oil pros who quickly want to keep their finger on the pulse of the industry.

Welcome back to another episode of Oil and gas this week. You're listening to episode

131. What is up, Mark? What is up? We're all busy. Things are going good. And you know what,

Jake? We have some peers in our podcast world. Yeah, that's what I'm hearing. Yep. So a big shout

out to Ryan Ray and David Blackman at global energy media.com. They have a podcast that has about six episodes, so it's new called Energy Week. It's a weekly topical news show focused on energy. So big shout out to those two guys. They're doing something similar to what we're doing. And we wish them all the best. So audience, we'll put a link in the show notes. You go check out their show.

If you like their show, subscribe to it and give them a review. The more stuff like this we see, the more our oil and gas, new media family grows. So really big shout out to both those guys. Welcome board. And we wish you very, very much success. And we've got some reviews. So like we said, if you guys leave us reviews, we're going to give you a shout out on the air.

Of course, reviews help everybody.

Help us get more exposure for the show. We've got one. This is great podcast. It's from, I'm going to say maybe Elsie, Sun, four, from Norway. She writes as a newcomer to the oil and gas industry, this podcast is fantastic. It gives a good overview and provides the listener with the relevant and interesting news concerning the oil and gas market. What I like most is that the podcast combines both technological, political, and economical aspects of the industry and how it affects the world. Big thanks to Mark and Jake for the podcast. P.S. Jake, could you speak a little louder? I'm from listening to while I'm traveling. In some of my episodes, I struggle to hear you even at max volume. So, yes, I am not the loudest person. I don't have this booming voice like Mark, but we're working on that. Yeah, we've got that fix. We have our professional audio editing team now equalizing all that audio. So from now and the future, it should be much better. And like Jake said, if you want to support the show, the easiest thing you can do to support the show is give us a review at iTunes, just like else did. Let's jump in the news stories, Jake. All right, first up, OPEC agrees to a nine-month extension, the oil production deal. So it talks ended in Vienna this past Thursday with an agreement to extend the production cut deal through the end

of 2018.

Would you like me to comment on that?

Yeah, we can go to there.

Yeah, so the interesting thing is this is keeping prices up where they need to be, you know,

$50 to $60 a barrel.

I think we're just a bit above 50 today.

The thing that's interesting about this is how much Russia's playing a role in this, which

is, as I said earlier, it's not the best thing for US.

We'd rather have Russia and the US on the same side instead of Russia and OPEC.

But the other thing, Jake, that you don't hear anybody talking to is what's going to happen

when this agreement ends?

Are they just going to keep using this,

you know, forever to keep the prices up? Are they going to taper it off? We're into a new world

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