Bob McNally of Rapidan Energy Group lays out two scenarios, which “[come] down to demand,” that OPEC+’s oil production cut could lead to in the second half of the year.
Bob McNally of Rapidan Energy Group lays out two scenarios, which “[come] down to demand,” that OPEC+’s oil production cut could lead to in the second half of the year.
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India may shift more than half of its demand to Russian oil since it’s the private companies like Nayara and Reliance which are very smart in getting discounted prices . West is going to face nightmare and inflation will return . Seems like a geopolitical move to keep the dominos falling
Inflation never went away. OPEC+ includes Russia. If Russia is cutting it’s output, that means oil to India/China will go up in price. So all those bargain prices will likely go away.
@YTSparty Indeed! China isn’t happy with the Saudi surprise cut.
Yeah, Demand for Oil & GAS During Spring & Summer Months falling… I think Not!
US wants price cap, the OPEC+ want price floor. Bottom line is they don’t want sell the oil priced in USD which would devalue their natural resources.
When you want to recover youll get high prices high demand & low supply😂😂😂😂 enjoy u.s empire is done as ussr
Dumb
I don’t think you understand what our intelligence agencies are capable of OPEC will most likely regret this very much in some way I’ve studied our history it ain’t pretty. That being said I hope that today we can somehow find world peace but I doubt it somehow.
I’m totally serious when I say that the market slump and high expansion have me genuinely worried and stressed over retirement. I’ve been in the red for some time now and in spite of the fact that individuals say these emergency has it advantages, I’m flipping out however I get it Contributing is a drawn out game, so center around the long run.
@Jo Brown That’s fascinating. How can I contact your coach as my portfolio is dwindling?
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@Jo Brown Insightful…. I curiously looked up his name on the internet and I found his site,thanks for sharing
I know Gregory Thomas Patchak. He obviously brings a lot of experience in trading to the table but more importantly I think he is a tough person in an industry that demands clairvoyance
The reality is we are living unsustainably and those who care about things like life have been screaming from the rooftops for 40 yrs so don’t act like you suddenly realize we are living in a fossil fueled cluster funk and it’s going to get as bad as wondering if you will get a chunk of bread once a week. Get ready. Why do think all the billionaires bought up all the fresh water and large ranches in the last 10yrs?
The world is heading on energy transition and respecting COP meetings to protect humanity from global warming. The OPEC+ countries are respecting these directions and living voluntarily the “market share”. The energy transition to net zero need that within 27 years oil and gas together with coal being phase out. The SPR withdraw shows that the rest of the world do not comply with COP meetings. The prices of crude oil increase or decrease based on free market principles and this is opportunity for many countries. The big problem is consumer market which is not working based on free market because energy product prices are not negotiable from consumers, these prices are controlled by businesses and government.
Change my opinions if you can with arguments and facts.
Lmao, this is what happens when you try and police the world. Countries don’t trust you.
“Police the world”? Oh please. You don’t know how they sort of police have been stealing from other countries and killing innocent ones ! What a nice police there.
Get ready idiots to pay more at the pump. The Saudis and Russia are going to take advantage of that moron in the White House by raising our energy cost.
Remember when we were energy independent when President Trump was in charge. Let’s go Brandon… LoL
I bet you will feel what the people in EU are feeling after your 🇺🇸 blew up their pipelines for cheaper gas.
@iMai E The u.s. gets what it deserves. NATO should be done after what the u.s. did to the pipeline
Or instead of feeding into the evil of opec and russia/china collusion is to sell the story as a good thing. Less emissions means cleaner air and water but you do you and make our enemies feel empowered. Thanks.
“Cleaner air and water” ? 😂 sure. when USA blew up the pipelines that gave EU cheaper gas price, the US certainly considered keeping world water clean.
Having majored in energy, every country needs to be energy independent! We don’t need OPEC.
Reality proves you otherwise. You do need OPEC 😂
Let’s pull out of OPEC and use our own oil in North America
Thank you Joe! Keep alienating our oil producers and keep being hostile to our own drilling. If this hurts your wallet, and you are upset, I’m glad. This is what you get. This is karma. Next time don’t listen to the damn mainstream news. Lol
Hey CEOs. You can help alleviate this problem by switching back to Covid lockdown work from home policies. Remember how cheap gas was when millions of office workers didn’t commute?
Oh wait, you won’t, you don’t care about average workers.
Yeah that’s what I’m talking about. I’ll be very happy if it hits $15 per gallon. It gives me a warm and fuzzy feeling inside when I know all these Biden voters won’t be able to buy food or gas. 🤣