DecWe can scrub out OPEC making further cuts, G7 cap will go by with no rebelling from Russia and why would they if Oil cap is $65 - $70 because they're selling Oil for $53, Venezuela will be adding Oil production in a few weeks and if this doesn't keep Oil down then the FED rate hike in Dec will but they failed to mention this below. Next year will be in the $70+ or lower and everyone knows this and this is backed by the US Government. You can figure out where your SP should be to reflect revenues because after all this has passed in early Dec revenues will be the driver and SP will correct
The next few days will be one of the most crucial for the oil market in weeks as several events and factors at the same time could determine the trend in prices by the end of this year and beyond. While the Chinese zero-Covid policy and protests against that policy weigh negatively on market sentiment, the OPEC+ meeting on December 4 and the beginning of the EU embargo on Russian seaborne crude oil imports on the next day are likely to shape the course of the prices. Uncertainty is high, which would stoke further volatility in prices.