Has OPEC Found Its Oil Price Sweet Spot?

January 15, 2020/in /by Rudolf Huber

having no choice but to accept what the market throws at you is not called “finding the sweet spot”. Its called doing the civilized thing and accept reality as it is. What choice do they have – they have tried their most damn to get prices up and it did not work. I have had my own brushes with ego when I tried things that I subsequently found out that they did not work as I had intended. Did not make me happy, but I accepted and lived on. So will those prices not make the problems OPEC+ countries have go away. But why look immature while grappling with things one does not like?

Has OPEC Found Its Oil Price Sweet Spot? | OilPrice.com

Most OPEC members seem to be quite happy with where oil prices are now, according to the energy minister of one of the smaller members of the cartel

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