Post by
divime1 on Jun 04, 2023 1:15pm
Saudi Arabia to cut
another 1 million on a month to month basis . They backed up their warning to the shorts . The other 500,000 bpd cut to stay until the end of 2023 . OPEC quotas to stay until endd of 2024 .
Comment by
jx7000 on Jun 04, 2023 1:20pm
My belief going forward is that OPEC will do whatever is best to their bottom lines, and to hell with the western economies. So if cutting back on output to keep the price up is what's required, they'll do it.