BlindBoo
Diamond Member
- Sep 28, 2010
- 58,533
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Holy fuckingshit Batman!Um, you claimed Trump told the Saudis to cut production. They didn’t.
Jan 5, 2021, 03:27pm EST
Saudi Arabia surprised the oil market today when, after a day of tense negotiations with Russia and other oil producers, it announced that it will cut 1 million barrels per day of oil of its own production in the months of February and March.
With Surprise Oil Production Cut, The Saudis Revisit Role As ‘Swing’ Producer
The Saudis said the 1 million bpd cut is a gift "to support the market" but it looks more like capitulation to a Russian oil ministry that drove a hard bargain.
www.forbes.com
Saudi crude stock draws continue, exports fall due to production cut
Supplies to market fell to 8.241 million b/d in February Output 8.15 b/d, following OPEC quota and voluntary cut Closing stocks lowest since at least January 2002 Saudi Arabia drew again on its crude
