RE:RE:RE:RE:RE:RE:RE:A theory re YGR true or not ?Cliff this OPEC cutting is driving oil prices up and it is not demand led recovery.
Compare USA energy demand to 2019 and not 2022 and it is weak as heck.
But what is the end game for Saudi? Saudi is producing 9m a day like covid levels lol for July and August and demand around the world is robust...Really?
It is wild to me how so few people are questioning the demand forecasts for rest of 2023. OPEC who is biased releases upward demand forecasts and people just nod their heads like sheep.
Demand outlook cant be robust with Saudia Arabia producing so little.
Saudi oil minister runs a risk of being fired.
What is the plan, Saudia just rolls 1m cut for Sept and Oct and Nov etc
What Saudi is doing is just delaying reality, Saudi economy is going to contract in 2023 becuase of less volume they are selling.