Saudi Arabia and Russia just announced another 1.5 million b...
Saudi Arabia and Russia just announced another 1.5 million barrels per day of crude oil production cuts.
It also happens to come just as crude oil prices fall into the $67-$70 range that the US wants to refill the Strategic Petroleum Reserve (SPR).
This is the third time we have seen OPEC do this.
Are energy resources being weaponized?
It also happens to come just as crude oil prices fall into the $67-$70 range that the US wants to refill the Strategic Petroleum Reserve (SPR).
This is the third time we have seen OPEC do this.
Are energy resources being weaponized?
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iamiam : yes, they are.