Board Type: Semi-PrivateAdmins: Soda


Our fund raising round was not successful.  As a result, IDB will be going off line and into cold storage.  If our competitors should stumble, I may re-active the site in the future but for now, we're turning out the lights.

I had planned to go off-line on April 4th.  Due to some important and unplanned changes in our maintenance schedule, I am now bumping that up to next Tuesday morning, March 27th, 2018.  PM 'admin' if you need to reach me. 

You should use the next 5 days to find a new home for your community.

Running IDB has been fun over the years and I hope you enjoyed your time here as well.  Sincerely,  Paul

P.S. News on IDB Funding -- this is now on it's own page to clean up the site a bit.

UPDATED ~ 12 MINUTES AGO Oil markets tighten, Brent approaches $60 per barrel Jane Chung

SEOUL (Reuters) - Oil prices inched higher on Friday, with Brent crude approaching $60 a barrel amid tightening market expectations, buoyed by comments from Saudi Arabia’s Crown Prince backing the extension of OPEC-led output cuts.

Pump jacks pump oil at an oil field on the shores of the Caspian Sea in Baku, Azerbaijan, October 5, 2017. Picture taken October 5, 2017. REUTERS/Grigory Dukor

International benchmark Brent crude futures were up 10 cents, or 0.17 percent, at $59.40 a barrel at 0210 GMT.


Brent is now a third above 2017 lows touched in June and at levels last seen in mid-2015.

U.S. West Texas Intermediate (WTI) crude futures were at $52.64 per barrel, virtually unchanged from their last close, but up by a quarter from their June 2017 low.


WTI has been weaker relative to Brent as rising U.S. output has capped prices in the United States.

“Oil raced higher overnight with Brent finishing in sight of the magical $60 a barrel mark, spurred on by Saudi remarks supporting the oil production cut through to the end of 2018,” said Jeffrey Halley, senior market analyst at futures brokerage OANDA in Singapore.

Saudi Arabia’s Crown Prince Mohammad bin Salman told Reuters on Thursday that the kingdom would support extending the output cut in a bid to stabilize oil demand and supply.

The Organization of Petroleum Exporting Countries (OPEC) and some non-OPEC producers including Russia have pledged to curb their production by around 1.8 million barrels per day (bpd) until the end of March to drain a global supply glut. OPEC will meet on Nov. 30 in Vienna and is expected to discuss extending that agreement.

Oil prices have hovered near their highest for this year in recent weeks amid signs of a tightening market, talk of an extension of the cuts, and geopolitical risks in Iraq and Iran.

“Prices for both Brent and WTI are now approaching important recent range tops. My rhetorical self is bullish longer term and my system is already long,” said Greg McKenna, chief market strategist at futures brokerage AxiTrader.


Although the rising likelihood that OPEC will extend its output cuts raises expectations for a balanced market, U.S. crude production remains an issue for OPEC as it strives to clear a global overhang.

U.S. crude production rose by 1.1 million bpd to 9.5 million bpd in the week ended Oct. 20, according to U.S. Energy Information Administration (EIA) data.

Reporting by Jane Chung; Additional reporting by Henning Gloystein; Editing by Sonali Paul and Tom Hogue