[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

FISCAL ABSURDITY: U.S. adds $104B in debt daily, totaling $655B since September 26

"How Do You Know About Regular People's Suffering?" Jake Sullivan's Wife Gets Destroyed During Debate

Illegal Alien Gangs Taking Root In Our Schools

(Horse is practicing plagiarism here and it is a crime)Is Plagiarism a Crime? Exploring Its Legal Repercussions

ICE Officers Told Not to Wear Uniforms When Voting So They Don't Intimidate Illegals

RFk Jr: Cut Childhood obesity from 50% to 3%. Vote Trump

Nicole Shanahan makes the best MAGA videos.

'Huge shortage' plagues Israeli army as losses mount in Lebanon, Gaza

Carmine is dangerous food additive. And it is red.

Oprah Winfrey Fearmongers at Kamala Harris Rally, Tells Women They May Never Get the Chance to Vote Again

Dr. says the worlds entire blood supply is contaminated with spike protein

Alastair Crooke : Netanyahu’s Imaginary Victories.

Gutfeld: Did this little squirrel just red pill America?

Threat of Civil War Coming to America is Real - Why Tomorrow's Election Might Not Stop It.

New (Jewish) Order in the Middle East is IMPOSSIBLE

10 Ways You Can Boost Mitochondria

Mitochondrial Imbalance Linked To 90 Percent Of Chronic Diseases

Ukraine to jail people for storing firewood media

Total losses of Ukrainian forces in Russias Kursk Region reach over 29,600 servicemen

STATE DEPARTMENT SPOKESMAN CRACKS JOKE ABOUT ISRAEL'S STARVATION BLOCKADE ON GAZA

Kamala Chronicles Season Finale | Candace Owens

Joe Rogan: “It’s Amazing How Many People on the Diddy Party List Are Supporting Kamala” (VIDEO)

Tucker Carlson: This Is How You KNOW Jan. 6 Was A PsyOp!

RFK Jr Says Trump Plans To Remove Fluoride From American Drinking Water

Iranian Navy Ships How they are made | Iranian corvette Shahid Soleimani

Losing Power? The Elites And The Leftist Mob Would Rather Burn It All To The Ground

Japan Made a ar Better F-16

Joe Rogan and Elon Musk

Insomnia Stream: The Vote Edition

Escape From Psychopathocracy


ObamaNation
See other ObamaNation Articles

Title: Oil Plunges After Report On OPEC+ Production Increase
Source: zerohedge
URL Source: https://www.zerohedge.com/energy/oi ... eport-opec-production-increase
Published: Nov 21, 2022
Author: Tyler Durden
Post Date: 2022-11-21 11:27:47 by Esso
Keywords: None
Views: 89
Comments: 2

The first question that comes to mind (as oil already tests multi-month lows) is - why would they do this?

The Wall Street Journal reports that Saudi Arabia and other OPEC oil producers are discussing an output increase, the group’s delegates said...

An increase of up to 500,000 barrels a day is now under discussion for OPEC+’s Dec. 4 meeting, delegates said.

The move would come a day before the European Union has said it would impose an embargo on Russian oil and the Group of Seven wealthy nations’ plans to launch a price cap on Russian crude sales, potentially taking petroleum supplies off the market.

Any output increase would mark a partial reversal of a controversial decision last month to cut production by 2 million barrels a day at the most recent meeting.

We are sure it just a coincidence that this report hits days after the Biden administration grants immunity to MbS over the brutal assassination of reporter Jamal Khashoggi.

Even WSJ admits it is an unusual time for OPEC+ to consider a production increase, with global oil prices falling more than 10% since the first week of November.

...quid pro quo, indeed. (1 image)

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

Begin Trace Mode for Comment # 1.

#1. To: All (#0) (Edited)

Nat Gas is up 6%. PMs are getting monkey-hammered. Stonks are down.

US moves to shield Saudi crown prince in journalist’s killing
www.ksla.com/2022/11/18/u...ince-journalists- killing/

Esso  posted on  2022-11-21   11:30:23 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 1.

        There are no replies to Comment # 1.


End Trace Mode for Comment # 1.

TopPage UpFull ThreadPage DownBottom/Latest


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]