Did anyone notice todays news that Saudi Arabia is forcing oil prices up. Could it be a way to help Trump and family regain the White House so gas prices are up under Biden?
Did anyone notice todays news that Saudi Arabia is forcing oil prices up. Could it be a way to help Trump and family regain the White House so gas prices are up under Biden?
To clarify, Saudi Arabia announced that it was cutting production by 1 million barrels per until late 2024. Demand has decreased slightly, causing oil prices to decrease a little, so Saudi Arabia is responding by cutting production.
There's another answer for the Saudi efforts to increase oil prices: MbS and Putin have developed a cozy relationship over the past few years. OPEC price increases also increases the value of oil exported by Russia.
Did anyone notice todays news that Saudi Arabia is forcing oil prices up. Could it be a way to help Trump and family regain the White House so gas prices are up under Biden?
To clarify, Saudi Arabia announced that it was cutting production by 1 million barrels per until late 2024. Demand has decreased slightly, causing oil prices to decrease a little, so Saudi Arabia is responding by cutting production.
There's another answer for the Saudi efforts to increase oil prices: MbS and Putin have developed a cozy relationship over the past few years. OPEC price increases also increases the value of oil exported by Russia.
fnord
Seems too early for that. Watch next year.
Nice place to hide a little additional price hike by cutting back on production....this is how you play the oil market and politics in the world.
Well, that, shiny orbs for idiots, and the occasional murder of a journalist.
Agree on demand in summer…but the Saudis are apparently cutting oil production by one million barrels per day.
Sorry for post. Should’ve read further down the line. Still learning.