RE:RE:What a jokeMclone-Nuttall may be treated as bookends. Markets are usually somewhere in between.
When a panoply of CEOs of oil majors decry the dearth of investment and hence tighter supplies
I suspect they are relying on more substantive data at their disposal.
When Mclone makes vague allusions to prices during Covid he neglects to mention that business activity was essentially at a halt. And his pretensions about knowing future Saudi moves are ludicrous. They have repeatedly announced that their decisions will be based on market conditions.
Demand side in China may not be robust but it is the hardest to predict as it can turn on a dime.
Cheers