Episode 89 - OPEC Meeting and Oil Cuts | Goldman Sachs Price Predictions | Saudi Aramco
From: Energy Week
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about 1 year ago
OPEC’s Decision To Cut Production Is A Risky One, Here’s Why
https://www.forbes.com/sites/ellenrwald/2019/12/06/opecs-decision-to-cut-production-is-a-risky-one-heres-why/#433968ad662d
- Risky because if it doesn’t support oil prices then OPEC will seem weak and ineffective.
- Cut for the first quarter.
- Saudi oil minister basically said that shale oil should thank them for the decision to cut oil production and that its a Good Friday for Texas and Oklahoma
OPEC, Allies Finalize Deeper Oil ... See More
https://www.forbes.com/sites/ellenrwald/2019/12/06/opecs-decision-to-cut-production-is-a-risky-one-heres-why/#433968ad662d
- Risky because if it doesn’t support oil prices then OPEC will seem weak and ineffective.
- Cut for the first quarter.
- Saudi oil minister basically said that shale oil should thank them for the decision to cut oil production and that its a Good Friday for Texas and Oklahoma
OPEC, Allies Finalize Deeper Oil ... See More
