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Crude Economics
Russia and Saudi Arabia Commit to Oil Cuts Through Next Year
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  • Andrew Allison

    As the jump in US production in response to the recent modest increase in price demonstrates, they’re whistling past the graveyard. I rather suspect that the reocurring “news” about production cuts has more to do with short-term market manipulation that the long term.

  • ——————————

    OPEC has lost it’s edge. This will provide some trading opportunities, but it isn’t going to get oil prices where they want it.
    $100 oil was an anomaly… http://www.macrotrends.net/1369/crude-oil-price-history-chart

    Any country that based their budget on $100 oil deserves what they get….

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