Saudi Arabia has now voluntarily cut 1.5 million barriers pe...
Saudi Arabia has now voluntarily cut 1.5 million barriers per day of oil production this year.
OPEC has cut over 2 million barrels per day this year.
In total, OPEC has now cut 3.7 million barrels per day of production since 2022.
This is 4% of the entire GLOBAL demand.
Interestingly, a third of these cuts came as a “surprise cut.”
They also come as the US has publicly stated it wants to refill its reserves.
The energy crisis is real.
OPEC has cut over 2 million barrels per day this year.
In total, OPEC has now cut 3.7 million barrels per day of production since 2022.
This is 4% of the entire GLOBAL demand.
Interestingly, a third of these cuts came as a “surprise cut.”
They also come as the US has publicly stated it wants to refill its reserves.
The energy crisis is real.
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Malt shake : Declining demand is also real.
mootastic : but warren eat a buffet of OXY around 56 to 58, so what does he foresee?