OPEC crimping supply is curtains for the oil price
The sub-headlines in the overnight OPEC oil news read; “Dispute between core members blocks deal to boost output”“Coming days will determine whether the conflict will escalate” https://www.bloomberg.com/news/articles/2021-07-05/opec-in-crisis-as-specter-of-destructive-infighting-looms-again?sref=qLOW1ygh I think OPEC’s disarray is NOT a positive for the oil price. OPEC+’s abstinence of adding supply will see slack (supply) found elsewhere due to the lure of … Continue reading OPEC crimping supply is curtains for the oil price
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