Oil just spiked OPEC +

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Fraser921
Posts: 3240
Joined: Mon Mar 22, 2021 11:48 am

Oil just spiked OPEC +

Post by Fraser921 »

Might have to adjust (lower output, to support prices) says Saudi official
dan_s
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Joined: Fri Apr 23, 2010 8:22 am

Re: Oil just spiked OPEC +

Post by dan_s »

The cartel is in total control of the oil price (a good thing) and I think they like $100/bbl.

They are in control because not a single country outside of OPEC+ is holding any production off the market.
Dan Steffens
Energy Prospectus Group
Fraser921
Posts: 3240
Joined: Mon Mar 22, 2021 11:48 am

Re: Oil just spiked OPEC +

Post by Fraser921 »

https://www.spa.gov.sa/viewfullstory.ph ... 53#2378353

CNBC hasn't picked up on this. This has the potential of raising crude prices and our beloved favorite names. Most are off their intraday lows
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