As crude approaches 80
The White House applauded OPEC+’s decision to continue adding 400,000 bpd to global supply next month as well, with Reuters reporting the administration cited “close” coordination with Saudi Arabia and the UAE.
OPEC and its partners, led by Russia, yesterday decided to stay the course of adding oil production in line with original intentions after the worst of the pandemic was over. The cartel remains confident that demand for crude is strong enough to keep prices elevated even with the supply additions
The big guy is happy
Re: The big guy is happy
Team Biden claiming "close coordination" with OPEC+ is laughable.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
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Re: The big guy is happy
Full steam ahead to the "oh shit" moment we are all waiting for