The big guy is happy

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Fraser921
Posts: 2955
Joined: Mon Mar 22, 2021 11:48 am

The big guy is happy

Post by Fraser921 »

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
dan_s
Posts: 34471
Joined: Fri Apr 23, 2010 8:22 am

Re: The big guy is happy

Post by dan_s »

Team Biden claiming "close coordination" with OPEC+ is laughable.
Dan Steffens
Energy Prospectus Group
CreativeEquity
Posts: 107
Joined: Sun Sep 05, 2021 5:06 pm

Re: The big guy is happy

Post by CreativeEquity »

Full steam ahead to the "oh shit" moment we are all waiting for
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