Tag Archives: bear market

Blowout Week 156 – Christmas Eve

This week it’s back to OPEC, which recently agreed to cut its output by 1.2 million bpd in an attempt to increase oil prices supplemented by an additional 0.5 million bpd from Russia + other non-OPEC producers. What does this portend for the oil market? Industry opinion is unanimous. No one knows: Continue reading

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