“The OPEC+ decision has purely economic motives,” “Oil prices and voluntary production cuts,” “When OPEC is used as a boogeyman.” These and similar headlines are used by the Middle Eastern media commenting on the agreement of the OPEC+ countries at the beginning of April this year to voluntarily cut oil production by 1.66 million BPD…
The shock oil production cuts from May outlined by the OPEC+ on Sunday essentially means that eight key OPEC countries decided to join hands with Russia to reduce oil production, messaging that OPEC and OPEC+ are now back in control of the oil market. No single oil producing country is acting as the Pied Piper…
Every Wednesday and Sunday morning I record a private podcast for my patrons. I cover gold, silver, oil, the Dow Jones and Bitcoin at a minimum. This past Sunday I mentioned during my oil commentary I thought the six-month long weakness in oil was overdone. Last week’s price action clearly agreed with me as…
The largest oil-producing countries, led by Saudi Arabia and Russia, decided on December 4 to maintain current production levels in the face of uncertainty and the entry into force of new sanctions against Moscow. Representatives of the thirteen members of the Organization of the Petroleum Exporting Countries (OPEC), led by Riyadh, and their 10 allies,…
We live in exciting times. The unknown that lays ahead for all of us is both exhilarating and scary. Exhilarating in the long term, but rather scary in the short term. All empires eventually die and we’re in the terminal phase of the New World Order that will not recover from the Russian roulette game…
The so-called ‘secret deal’ which Biden thought he had secured in May was actually worthless due to the Saudis wanting to carry out an act of revenge against Biden and his stupid, empty threats. It would appear that Saudi Arabia is enjoying its pound of flesh of revenge over Joe Biden as it has been…
