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Opec considering huge oil production cuts to avoid market slump

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Cartel may cut up to 800,000 barrels a day from market as global economy falters

The Opec oil cartel is considering deeper cuts to production next year to avert a price slump in the market as the global economy falters.

 

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Ha ha I know this would happen if they decided to try and pump more barrels into the world the economy would falter and iam not an economist, prices would fall every where because delivery costs would have to drop so everything would follow, downdown Fridayfoclimate herewe come

The Russians and Saudis have been in a price war since whenever. Russian policy is they will keep attacking Saudi on prices whatever it takes. We need to get off oil anyway. The sooner the better.

Another twenty years clean energy R & D and they will be hard put to off load it all

Wer an der Quelle sitzt, dreht an der Preisschraube....

Win Win ?

The Saudis can’t make any money at the current prices. They need at least 68.

Assholes

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