RE:RE:RE:RE:RE:It’s bleakI think part of it comes down to the realization that their strategy to take out shale competition with unprofitable oil prices didn't work, and ended up hurting their economy more than others. They need $80 oil for their budget because their gdp is made primarily up of oil, and without funding they can't advance their agenda to divest from oil into other sectors. Other countries, such as Canada and US, have many other revenue generating industries that contribute to their economy. They are running out of time, and have finally realized that it's better to sell less oil at higher prices then a bunch of oil for no profits. Again, we are going to enter a new cycle where, due to major Capex cuts over the last 5 years, the world will not be able to meet demand. Oil is going to have at least one more massive surge before renewable and ev technology can meaningfully offset the world's dependency on fossil fuels.