Post by
geezer21 on Nov 17, 2023 7:22pm
OPEC+ Meets 26 November
... it [OPEC+] certainly did not expect the Biden oil trading desk to hammer oil as hard as it did. If anything, it was expecting oil prices to rise above $100. Or as the FT puts it, "an additional Opec+ cut of up to 1mn b/d could be on the table, one informed person said, describing the cartel as “galvanised” by the conflict."
https://oilprice.com/Latest-Energy-News/World-News/OPEC-Said-To-Consider-Additional-1-Million-Bpd-Output-Cut.html