OPEC+ Seeks Even Bigger Output Cuts As Momentum To Re-Open Businesses Heats Up
Too little – too late. We need to cut the entire production of OPEC plus Russia until Christmas to give the market back some sanity. I doubt that will happen – unless of course, the market does not absorb the oil anymore at any price. Get ready for single-digit Brent – not for a long time but I feel that’s what coming. Then, everyone bleeds.
