RE:RE:Resource LimitsTrue to a point. It depends, like most oil issues, on whether your glass is half full or half empty.
These 'voluntary' cuts are only removed from inventory as long as the proponents have the will to maintain them. One must decide for themselves whether ABS or Biden has the hammer. One must also ascertaine the accuracy of western data as well as the reality of China's economy.
There is no doubt that oil prices will rise but, considering its value to global economics and the manipulation involved, the rerating may easily be in 2033 as it is possible in 2023.