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

Status: Not Logged In; Sign In

Mark Felton: Can Russia Attack Britain?

Notre Dame Apologizes After Telling Hockey Fans Not To Wear Green, Shamrocks, 'Fighting Irish'

Dear Horse, which one of your posts has the Deep State so spun up that's causing 4um to run slow?

Bomb Cyclone Pacific Northwest

Death Certificates Reveal FBI 'Revised' Murder Stats Still Bogus

A $110B bubble on $500M earnings. History warns: Bubbles always burst.

Joy Behar says people like their show because they tell the truth, unlike "dragon believer" Joe Rogan.

Male Passenger Disappointed After Another Flight Ends Without A Stewardess Frantically Asking If Anyone Can Land The Plane

Could the Rapid Growth of AI Boost Gold Demand?

LOOK AT MY ASS!

Elon Musk Responds As British Government "Summons" Him To 'Disinformation' Hearing

MSNBC Contributor Panics Over Trump Nominating Bondi For AG: Dangerous Because Shes Competent

House passes dangerous bill that targets nonprofits, pro-Palestine groups

Navy Will Sideline 17 Support Vessels to Ease Strain on Civilian Mariners

Israel carries out field executions, massacres in north Gaza

AOC votes to back Israel Lobby's bogus anti-Semitism definition

Biden to launch ICE mobile app, further disrupting Trump's mass deportation plan: Report

Panic at Mar-a-Lago: How the Fake Press Pool Fueled Global Fear Until X Set the Record Straight

Donald Trumps Nominee for the FCC Will Remove DEI as a Priority of the Agency

Stealing JFK's Body

Trump plans to revive Keystone XL pipeline to solidify U.S. energy independence

ASHEVILLE UPDATE: Bodies Being Stacked in Warehouses & Children Being Taken Away

American news is mostly written by Israeli lobbyists pushing Zionist agenda

Biden's Missile Crisis

British Operation Kiss kill Instantly Skripals Has Failed to Kill But Succeeded at Covering Up, Almost

NASA chooses SpaceX and Blue Origin to deliver rover, astronaut base to the moon

The Female Fantasy Exposed: Why Women Love Toxic Love Stories

United States will NOT comply with the ICC arrest warrant for Prime Minister Netanyahu:

Mississippi’s GDP Beats France: A Shocking Look at Economic Policy Failures (Per Capita)

White House Refuses to Recognize US Responsibility for Escalation of Conflict in Ukraine


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: 143
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]