Saudi Arabia said it will make an extra 1mln bbl/d production cut in July, taking its production to lowest level for several years after a plunge in crude prices. Other OPEC+ nations will stick to existing targets this year, so Saudis will shoulder burden.
#[2] , bye bye to the short-sellers.
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If the shorts double down in the next couple of weeks then I’ll suspect a hidden war between the US and Saudis is being waged via Wall Street.
Speaking of OPEC and the market, how about that ep of WBD, “I was kidnapped, twice.”?
