RE:Twist #2OPEC is getting addicted to this level of profit so it will do whatever it takes to protect its margins. Lets hope they actually really appreciate this and not squander it with gold toilets, pet Cheetahs for every household and ski hills in the desert . They were careless reckless spenders on most of the up cycles .
If my oil holdings approach anywhwere near predictions I too will really appreciate this boom cycle.
retiredcf wrote: This is why the price of oil reversed and headed upwards mid day yesterday. GLTA
Saudi Oil Minister: Cuts may be needed
Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said “extreme” volatility and lack of liquidity mean the futures market is increasingly disconnected from fundamentals and OPEC+ may be forced to cut production. BNN Bloomberg's Tara Weber reports.
https://www.bnnbloomberg.ca/video/saudi-oil-minister-cuts-may-be-needed~2505880