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 this week. You're listening to episode

138. What's going on, Mark? God, Jake, we've been so busy and we haven't hit March yet.

But, you know, we've gotten a bunch of good feedback on this show and other shows, too. So

for any of our new listeners, welcome aboard. This is a family, and you'll become part of it. For our long-term listeners, you know that you're part of our family listeners welcome aboard this is a family and you'll become part of it for long-term

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without you so thank you thank you thank you and speaking of supporting the show it's really easy

one thing we ask all you have to do is go leave us a review in iTunes and that is the best way to

support the show we got a great review high-end information density. Great show, guys. I really appreciate your well-rounded take on the industry. Marathon Oil's business development is a big fan. Hey, shout out to big Marathon oil out there, and they're BD guys. This is submitted by Z Kimball, 1-245 from the U.S. So yeah, a big shout-out to Marathon. Thanks for the iTunes reviews. Come on, people. If Marathon can do it, you can do it too. All right, let's get into the news stories. This week, kind of like what we talked about earlier, it's just a lot of global news. Not a whole lot going on here states that. We have a few articles, but we're going to dive into the geopolitical scene and see how things are playing out.

So first up, Saudi Arabia has vowed to cut more production to stabilize the oil market.

So they're planning on cutting an additional 100,000 barrels per day of its oil production next

month to keep its exports below the 7 million barrels per day in March in a bid to help clear the global oversupply

and counteract the recent oil market volatility.

Yeah, this is interesting because, you know, Sarty Ramco is headed toward IPO.

Keeping prices low, I mean, keeping supply low, which you could keep prices higher and more

stabilized, really only helps your initial public offering if you're something like Saudi Ramco.

If you think about that, you know, what their book value is based a lot upon their proven reserves and what the price of oil is and what the spectators think that's going to be in the future.

So I appreciate them doing this.

You know, Russia's working them to doing this to keep oversupply from developing. But I think they have a selfish reason to do this. And quite honestly, Jake, if I was in their shoes, I would do this exact thing too. I'd want to come out the gate with as high an offering as possible. And this would just help get you there. So I don't think this is anything revolutionary or anything that people didn't predict what happened. Yep.

All right.

Of next... get you there. So I don't think this is anything revolutionary or anything that people didn't

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