Athabasca Oil Corp T.ATH

Is There a Chance OPEC+ Enters Maximum Production

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The light has been on OPEC being asked if they could be flexible in removing cuts if Oil prices Dramatically increase so I'm assuming Oil is over $110? certainly not $90 because that's what OPEC probably wants which was mentioned in late 2022 but they're not going to budge they're just giving everyone a banquet of BS. Oil is going higher and OPEC Members want to see Oil over $85 but things could change if Oil hits $100+ we'll cross that bridge when we get there. Why is anyone concerned about OPEC loosening production according to the US there's way too much Oil.  Can you imagine how high Oil would go if EU stopped China, India, and Turkey from buying Russian Oil or if they even mentioned it Oil would rally you would want to be in the market Something is going to happen that will have Oil to rallying toward $100. Then OPEC would have to drop the cuts and have everyone crank it up this year could be explosive there's a lot of tension building 

“If the West continues to scale up sanctions on Russia and oil prices increase dramatically, then the rest of OPEC+ could respond. However, in order to see this occur we would need to see the West agree to place significant secondary sanctions on Russia’s oil to prevent China, India and Turkey from buying its oil, but Washington has thus far opposed,

Is There a Chance OPEC+ Enters Maximum Production Mode in 2023? | Rigzone