What’s Driving Down Oil Prices-Doomberg

[ChuckGeb]

For your intellectual satisfaction

https://www.youtube.com/live/i-WCOFO4jmQ?si=KL61byVvoxE59zHj

[dan_s]

It is interesting to me that some of us think $80 WTI is a low price. All of our upstream companies are extremely profitable with $80 WTI and $3.00 HH ngas. I personally think the "Right Price" for oil is higher, but $80 is fine.

[Fraser921]

Thanks Chuck

[aja57]

The US government is driving down oil prices..

https://justthenews.com/politics-policy/energy/energy-department-buying-oil-effort-refill-nations-crude-oil-stockpiles?utm_source=mux&utm_medium=social&utm_campaign=tw

[dan_s]

OilPrice.com: Saudi Arabia Blames Speculators
Saudi Energy Minister Prince Abdulaziz bin Salman claimed the recent decline in oil prices is a “ploy” that hides the real strength of the oil markets, adding that speculators are abusing export figures as they fail to distinguish them from production numbers.

OPEC+ is set to meet again on November 28th, likely to extend Saudi Arabia's production cuts into 2024.