The hit to producing countries revenue was harsh enough to bring OPEC and its non-OPEC allies — known as OPEC+ — back to the negotiating table. In April, they agreed to the largest production cuts in the world at 9.
7 million barrels per day. Those cuts have now been
Source: News Formal (newsformal.com)
Gee ya think?
China is printing $22 billion counterfeit US dollars and putting into global market...
Saudi amd Russia fighting an oil price war, and U.S. oil companies falls.
But it a great warning to oil rich African countries that is highly over dependent on rents from daily export of oil.
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Oil rally and Saudi price spikes could hurt refiners, stifling market recoveryGoldman Sachs cited 'very poor refining margins and the recent sharp decline in U.S. crude bases' as supporting its 'bearish outlook.' It's because price fixing doesn't work, falsely raising oil prices on weak demand by cutting production then refining it to fuel on weak demand only cuts profit margins. I guess we could pass on the prices fixing to gas prices at the pump, which will also add to inflation. saudis take price low , they want $100 . what is the news? The whole thing is a corrupt racket.
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Saudi Arabia's oil exports plunge $11 billion in first quarterThe value of Saudi Arabia's oil exports plunged by 21.9% year on year in the first quarter to $40 billion, corresponding to a decline of about $11 billion, official data showed on Sunday. I'm heartbroken. next step: Rollover ...without Jane Fonda? Paid all that money greasing Donald's palm and now look 🤣
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Saudi coronavirus cases exceed 100,000The number of coronavirus cases in Saudi Arabia exceeded 100,000 on Sunday following a rise in new infections over the past ten days. Have they tried stoning these people? Apparently this cures most things in the country... 3 dead? 😂 diegospaiva As filas nos aeroportos estão assim, marcadas no chão? E as pessoas estão respeitando?
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Spain's supreme court investigates former king Juan Carlos on Saudi caseSpain's supreme court prosecutor has opened an investigation into former King Juan Carlos as part of a probe into a high-speed train contract in Saudi Arabia, the general prosecutor said in a statement on Monday. I am dreaming of our courts investigating our politicians. It took so many years. The right wing refused to investigate. Justice!! Is he like Prince Andrew?
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Saudi Arabia says there is 'no room whatsoever' for non-compliance over OPEC+ production cutsIt comes shortly after OPEC and non-OPEC allies agreed to extend their deepest round of production cuts in history. hahahahahahahahahahahahahahaha MBS = MisterBoneSaw It’s time for the GreenNewDeal JoeBiden a new world, a fair world, needs to eliminate poisonous oil from ecology and the economy NOW! Put the under employed into action: Build a green energy economy before it’s too late GretaThunberg is right!
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Saudi Arabia's Q1 oil-export revenue drops $11 billion as prices tank - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Always be thankful for the bad things in life. They open your eyes to see the good things you weren't paying attention to before. They’re not happy with China now This is the lowest, Saudi must find none oil income sources
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