OPEC With problems

The fact that American oil producers have massively boosted their pumps is putting OPEC under massive pressure. Saudi Arabia alone needs a price of 80 $ per barrel to be able to support its exorbitant luxury budget. 2024 will be an exciting year, especially on the oil market.

https://www.bloomberg.com/news/newsletters/2024-01-23/opec-s-mission-to-defend-oil-prices-in-2024-is-looking-even-tougher?utm_source=website&utm_medium=share&utm_campaign=copy

#oil #Saudis #opec #USA